China’s Anbang Insurance Group hasn’t quite satisfied its overseas shopping binge. The firm is in talks to buy a $2.3B portfolio of Japanese properties from Blackstone Group.

The discussion comes on the heels of a string of Chinese blockbuster deals between the two companies—from HNA Group buying a 25% stake in Hilton Worldwide Holdings from Blackstone for $6.5B in October, to Anbang’s purchase of Strategic Hotels & Resorts assets from Blackstone earlier this year for $5.5B, the Wall Street Journal reports. Experts explain that the rush of Chinese capital out of China and into overseas assets is largely in response to fears that the yuan will continue to weaken.

If the yuan weakens then revenues coming from abroad are almost certain to appreciate in a Chinese market, and Blackstone has proven more than ready to accommodate Chinese buyers. [WSJ]