FirstFT: Global investors’ exposure to Chinese assets surges


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Global holdings of Chinese stocks and bonds have surged to more than $800bn as investors bought assets in the country at a record pace despite souring relations between Beijing and the international community.

The drive into China’s markets by global investors has come even amid 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 initial public offering.

Offshore investors have bought a net $35.3bn of Chinese stocks in the year…

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