Foreign investors withdrew roughly $3.5 billion from Chinese equities in August 2026, nearly matching the $3.7 billion pulled in July, according to the Institute of International Finance. Broader emerging-market portfolios attracted $11.3 billion in net nonresident inflows, down from a revised $24.9 billion in July and $35.9 billion in August 2025. Emerging-market debt accounted for $11.2 billion of August inflows, while equities received $0.1 billion overall, indicating that China’s equity outflows were offset by flows into equities elsewhere. Chinese debt attracted $0.2 billion after a $3.4 billion July outflow. The IIF said sustained demand despite a 30-year U.S. Treasury yield at its highest level in almost two decades suggested investors were selecting emerging markets on their own merits rather than relying on favorable global rates.