[Prevention] If marrying a Chinese wife causes trouble, the deputy governor of the Bank of Norway is forced to resign

Canada Today

abstract

In recent years, Norway, a NATO member, has become more strict in security inspection, which makes it difficult to obtain approval in many cases if you marry people from countries/regions that do not have security cooperation with Norway.

Jon Nikolasen, Vice President of the Norwegian Central Bank, who is in charge of the world's largest sovereign wealth fund

Jon Nicolaisen, Vice President of the Norwegian Central Bank, who is in charge of the world's largest sovereign wealth fund, announced his resignation on December 4. He said that his application for renewal of security review had been rejected because he married a Chinese wife who lives in China.

Reuters reported that Nicholson said: "The Norwegian Civil Security Review Bureau informed me that I would not obtain a new security inspection (certificate), because my wife is a Chinese citizen and lives in China, and I provide financial support for her there."

He said that the reviewer also confirmed that he had no factors that might cause doubts about obtaining safety permits, but this was not enough to enable him to obtain safety permits.

"I have to bear the consequences now," Nicholson said

The Norwegian Central Bank issued a statement saying that Nicholas' resignation took effect immediately. It is not clear who will take up his post.

In addition to participating in the formulation of monetary policy, Nicholas Sen is also responsible for supervising Norway's sovereign wealth fund, which is the largest sovereign wealth fund in the world, with a scale of 1.2 trillion dollars. The Financial Times reported that according to the latest information as of June, the fund has invested in China and currently holds about 43 billion dollars of Chinese assets.

Nicholas Sen was appointed as the deputy governor of the central bank for the first time in 2014, and was re elected for the second term in April this year. The central bank said he and his wife got married in 2010.

The Financial Times reported that the Norwegian Central Bank said that in 2014, the Norwegian Ministry of Finance reviewed and issued security permits to Nicholas. In 2018, the Norwegian Civil Security Review Bureau was established, and the review process of Nicholas was launched in the second half of 2019. The report said that Nicholson took over the world's largest sovereign wealth fund only eight months ago, and the fund held an average of 1.5% of the shares of each listed company in the world.

Oeystein Olsen, governor of the Central Bank, said in a statement: "I will miss Jon Nicolaisen's position as deputy governor, who performed his duties as a close colleague and competent professional."

Norway's PST intelligence agency said Thursday that some countries are using espionage to collect secrets from Norway's oil industry.

Source: Reuters Financial Times