The Chinese capital outflows create new opportunities for the global financial market

The Chinese financial market is relatively isolated from the rest of the world, many Chinese IT companies issue their IPOs in foreign financial markets. The Chinese capital outflows reduce China's forex reserves and weaken the capability of hedging against capital flight or bailing out domestic financial institutions. However, such outflows can have positive impacts on the global financial markets.  The prices of real estates and equities are more likely to rise, compared with the prices of commodities and bonds, as they have relatively higher returns. I think the first country which has its financial market fully covered will benefit the most from the Chinese capital outflows. From the current situation, I believe the US financial market is the most likely to benefit from the Chinese capital outflows.