Over the past year, foreign investment in Chinese stocks and bonds has surged 40 percent to more than $800 billion, despite deteriorating relations between Beijing and the West.

The dependence of the Chinese economy on foreign financing is growing at a record pace – foreigners are buying up securities in the country faster than before. Their enthusiasm was also supported by the country’s recovery from the pandemic. “Contrary to geopolitical rhetoric, in terms of asset management, you can’t help but look towards the Chinese market,” according to Andy Maynard, a specialist at investment bank China Renaissance.

Since the beginning of the year, foreign investors have bought up $35.5 billion worth of Chinese stocks through trading platforms that link Hong Kong to exchanges in Shenzhen and Shanghai. Compared to the same period last year, the money invested almost 49 percent more. Foreigners have also invested 75 billion in Chinese government securities, according to the data from Crédit Agricole. In this case, we are talking about 50 percent growth at an annual level.