Investors are continuing to put money into both US and Chinese technology companies as President Donald Trump and Chinese President Xi Jinping prepare to meet in Washington, highlighting the financial ties that remain despite growing competition over artificial intelligence.
US banks have helped arrange $17.2 billion in Chinese high-tech equity deals this year, accounting for nearly 30% of the sector’s total issuance, according to LSEG data. At the same time, Chinese investors have increased their exposure to US technology stocks, with holdings by mainland Chinese and Hong Kong investors exceeding $750 billion.
The financial links have persisted even as Washington restricts China’s access to advanced semiconductors and Beijing pushes for greater technological self-sufficiency. US investment restrictions also contain exemptions that allow continued activity in publicly traded securities.
Artificial intelligence is expected to feature in the Trump-Xi discussions, with US Treasury Secretary Scott Bessent saying the two sides have discussed establishing an AI dialogue and a notification system for shared risks and national-security threats.
For investors, the growing competition creates both opportunities and risks. A further deterioration in US-China relations could disrupt cross-border investment and deepen the separation of AI supply chains, while greater dialogue could provide more certainty for businesses and financial markets.
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