Global holdings of Chinese stocks and bonds have surged about 40 per cent to more than $800bn over the past year as investors bought assets at a record pace in spite of souring relations between Beijing and the international community.
The drive into China’s markets by global investors has come despite tensions between Beijing and Washington over issues from corporate audits to Beijing’s repression of Uyghurs in Xinjiang, which the US has labelled genocide.
It has also coincided with a crackdown by Beijing on Chinese listings in US capital markets, including a probe into data security at ride-hailing group Didi Chuxing announced just days after its $4.4bn New York listing.
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