As stock market woes in China last week caused global turbulence that prompted a number of Asia Pacific mergers and takeovers to be called into question, M&A activity in one pocket of the world’s second-largest economy at least showed little sign of slowing.

The number of outbound acquisitions by China-based financial institutions so far this year is at its highest since records began in 2005, while the combined value of such deals is at its highest year-to-date level since 2008, according to data provider Dealogic.