Over the past period, the trend of devaluation of the renminbi has accelerated the outflow of foreign capital. China's Central Bank and other regulators are aware of the seriousness of the problem, and there may be further opening up in the country’s bond market to foreign investment where bad debt market may become a focus of attracting foreign investment. First, in the context of controllable legal and political risks, foreign investment is facing low level of international interest rates, while the Chinese market has higher interest rates, therefore even for the same assets, the foreign investors may enjoy higher valuation, and they will be more willing to spend more. Second, foreign investors can earn high returns by investing in bad debt portfolios, bypassing investment access barriers, and indirectly investing in sensitive areas. If in the future, the Chinese government is clear about the legal arrangements, foreign investment in China's bad debts may be more motivated.