How many wealthy people are there in China? How are their assets allocated?
Huajun's 'Report on China's High-Net-Worth Individuals' Extracted key data Figure 1: Distribution of households with investable assets between 6 million and 30 million RMB Figure 2: Distribution of individuals with assets worth 10 million RMB Figure 3: Asset allocation among high-net-worth individuals
It can be perceived that: Investable assets reach 6 million RMB There are 1.8 million households nationwide, accounting for 0.37% That is, one out of every 300 households
For 10 million RMB, it's 1.09 million people, accounting for 0.22% One out of every 400 households When calculated per individual, the proportion is even lower
Overall, high-net-worth individuals prefer stable assets: bank savings, wealth management products, and money market funds (25%) combined with insurance (19%) account for nearly half.
Stocks (14%) and gold (8%) follow, while investment in cryptocurrencies accounts for only 2%.
Significant differences exist across groups:
Entrepreneurs are the most conservative, with the highest allocation to bank savings (28%)
White-collar professionals are relatively balanced, with slightly higher allocations to stocks (15%) and bonds (7%)
Professional investors are more aggressive, with prominent allocations to stocks (18%) and insurance (21%), and the lowest share in savings (21%)
Wealth in life relies on Kondratieff: The wealth prophecy of the 'Cycle King'!
Brothers, catch the trend to make money, don't rush. Three years is enough to get rich in life. It's too early to hold on, too late to have the chance to use.
What is the 'Kondratieff Cycle'?
This long cycle is divided into four stages: recovery, prosperity, recession, and depression.
Since the Industrial Revolution, the global economy has experienced five Kondratieff cycles:
First wave (1782-1845): The textile industry and steam engine technology
Second wave (1845-1892): The revolution of steel and railroads
Third wave (1892-1948): Electricity and heavy chemical industries
Fourth wave (1948-1991): The revolution of automobiles and computers
Fifth wave (1991-present): The information technology revolution
The "George Tritch Economic Cycle Backward Chart" that recently went viral on Twitter explained!
First, the conclusion: 2026 will be the year of economic upswing and peak asset prices, making it the optimal time to sell stocks and various assets.
Referencing the economic cycle chart created by George Tritch in the 19th century (similar to the Kondratieff cycle theory), the core idea is to divide the economic cycle into three phases: panic phase, boom phase, and difficult phase, with corresponding years marked to guide asset buying and selling decisions based on the cycle.
1. Category A (Panic Phase): Years when economic crises or panics occur (e.g., 1927, 1945, 2019), market sentiment is fearful, and asset prices experience sharp fluctuations.
2. Category B (Boom Phase): Years of economic improvement and high asset prices, the ideal time to sell stocks and various assets (e.g., 2026 is marked as this phase).
3. Category C (Difficult Phase): Years of economic downturn and asset price lows, ideal for buying stocks and assets to hold long-term (e.g., 2023).
According to the chart logic, 2026 falls within the boom phase (Category B), marking the point to realize asset gains: you can sell assets purchased in 2023 (Difficult Phase) to lock in profits.
Combined with the Kondratieff cycle, 2026 is the intersection point between the fifth (Internet) and sixth (AI + New Energy) cycles, making it suitable to allocate resources to core sectors of the new cycle such as AI, new energy, and computing power, rather than sticking to old industries.
Dalio's latest release: How should we adjust our investment mindset by 2026?
Dalio's latest release: How should we adjust our investment mindset by 2026?
Dalio believes that the two main drivers determining returns in 2025 are actually only two:
First, how currency values change, especially the U.S. dollar, other fiat currencies, and gold;
Second, the U.S. stock market doesn't appear as strong when measured in a strong currency, and overall significantly underperforms non-U.S. stock markets and gold, with gold being the best-performing major market for the year.
In his view, the AI boom has entered its early bubble phase;
Although the U.S. stock market appears strong in dollar terms, the relative performance of gold and non-U.S. assets deserves more attention.
Overall view, the investment logic for major asset classes in 2025: Precious metals (silver outperforms gold) > copper > A-shares ≈ US and European stocks (technology growth stocks are favored) > euro > US Treasuries (including coupon) > Chinese yuan > Chinese bonds > US dollar > crude oil.
Then, how should we play in 2026? Ranking of major assets: US stocks > BTC > gold > copper/silver > US Treasuries (including coupon) > A-share indices > Chinese yuan > Chinese bonds > US dollar > crude oil.
During economic downturns, buy bonds. During economic recoveries, buy stocks. When interest rates fall, buy long-term bonds. When interest rates rise, buy short-term bonds. During inflation, buy physical assets. During deflation, hold cash. During cryptocurrency downturns, dollar-cost average BTC. During cryptocurrency booms, focus on new narratives. When the market is overheated, reduce your positions. When the market is低迷, gradually build positions. During global turmoil, hold gold.
One chart to understand: How is your loan interest rate determined?
Also, let's expand this for everyone:
The government sets the benchmark interest rate.
The actual long-term interest rate is determined by the market.
Interest rate is the price of money.
Fluctuations in interest rates are equivalent to market fluctuations, and the central bank, representing the government, can be considered the biggest player in this market.
Manipulating market prices requires holding substantial supply and demand.
Essentially, it's the same as manipulating potato prices.
For example, in this vegetable market, if you want to keep potato prices at exactly 3 yuan per jin, you can't just have a large supply of potatoes—you also need a large amount of money.
If you sell potatoes at 3 yuan per jin, others selling at 3.1 yuan won't be able to sell.
But what if others sell at 2.9 yuan? You use your money to buy up all the 2.9 yuan potatoes.
Therefore, the government's ability to manipulate market interest rates depends on the 'chips' it holds!
One Chart Explains: Understanding Hong Kong's New Virtual Asset Regulatory Rules: The OTC License is Here!
Virtual asset OTC operators will now need formal licensing to operate!
Not just a trading platform, the entire virtual asset business chain—from over-the-counter (OTC) exchanges, investment advice, to asset management—will now be subject to unified regulation.
Is this paving the way for large-scale capital entry?
Recently, the Hong Kong Securities and Futures Commission (SFC) and the Financial Services and the Treasury Bureau (FSTB) jointly released new regulations on virtual asset supervision, sparking widespread attention in the industry.
The core change is this: the previous focus on regulating trading platforms is now expanding to cover the entire business chain—from OTC trading and investment advice to asset management—under a unified licensing system.
Starting in 2026, the balance of digital yuan will officially accrue interest at the rate of a deposit! This indicates something very alarming!
Everyone should know one thing: cash in circulation does not generate interest.
You can keep money in your pocket, drawer, or mobile wallet. The amount of money in your pocket won't change, but its purchasing power will be slowly eroded by inflation.
The same applies to the digital yuan. It is still cash in essence, only it has changed from paper money to digital form.
However, the central bank recently released a very noteworthy new plan: starting from January 1, 2026, the balance in a digital RMB wallet will accrue interest at the rate of demand deposits.
What does this mean? It means that for the first time, the state has explicitly acknowledged that "the long-term existence of a purely cash-based system has costs."
Why I recommend that every young person regularly invest in BTC!
Investing in BTC regularly does not require any belief, just an understanding of some very simple logic.
The cash we hold is not anchored to any value; behind GDP growth (whether actual growth is often in question), central banks often stimulate the economy by printing money.
The influx of this new currency into the market will trigger inflation — the money you hold will constantly depreciate, and purchasing power will continue to decline.
Buying BTC is equivalent to changing the form of the money you hold; it cannot be directly used for daily consumption (it must be exchanged for fiat currency when used), but it anchors a form of decentralized and scarce value with a fixed total supply.
The wealth report summary from China International Capital Corporation has arrived, and after reading it, one feels a bit heartbroken.
The law of wealth is no longer the 80/20 rule; take a look at which tier you belong to?
National wealth is 360 trillion, personal wealth is 430 trillion.
Wealthy class: 0.33% of the population holds 67% of the total wealth, which means 4.6 million people possess 290 trillion, averaging 63 million per person.
Middle class: 7.05% of the population holds 26% of the total wealth, which means 93 million people possess 110 trillion, averaging 1.1 million per person.
Ordinary people: 92.7% of the population holds 7% of the total wealth, which means 1.3 billion people possess 30 trillion, averaging 23,000 per person.
All the answers about China lie within this chart.
It basically explains everything about politics, Economics, and the media's remote control. It explains the switch between guns and roses. It explains the closure of chasms and deep ditches. It explains where the cards, games, and the dice thrown by God fall. It explains where skyscrapers and dilapidated villages are cut from the umbilical cord. It explains the underlying logic of lotteries, betrothal gifts, and the choice of not marrying or having children. It explains the secrets of the harvest of leeks, sickles, and axes. It explains why some of the spring breeze of reform and opening up turned into a northwest wind blowing toward a group of people. It explains the emotional business of lying flat, involution, and sandwich cookies. It explains dust, fate, and the eternal question of why people live. It explains Pavlov's dog. And how Schrödinger's cat can be kept in one cage. It explains why some people live as receipts. While others live as data. It explains everything that cannot be explained.
Many brothers ask me why we should invest in gold for the long term, and what the logic behind this investment is.
I specially created this chart for my brothers.
From 100 yuan/gram in 2005 to 1000 yuan/gram in 2025, the price of gold has increased tenfold in the past 10 years.
Let me ask you, is it fierce or not, do you agree?
The rise is too terrifying, it can be called an epic market.
The current price of gold is hard to believe:
Spot gold has reached $4549 per ounce, breaking historical highs; platinum has surged, with the price of platinum jewelry exceeding a thousand per gram...
Market sentiment always deviates from rationality. In recent years, the price of gold has continued to rise, driven by three core factors: "safe haven + interest rate cuts + demand." It is not ruled out that it may rise further in the future, but it is already too high now, and the risk of a correction is very large.
In fact, gold does not generate cash flow; it is just a hedge against inflation and a safe haven asset.
In the long run, the best investment targets have been, are, and will always be gold/BTC.
One picture to understand: 9 major exchanges' annual listing quantity
As the year comes to an end, I have compiled a series of relevant data on exchanges for my brothers. 83% of tokens have fallen below their listing price.
The data clearly shows:
1. The listing strategies of crypto exchanges in 2025 have completely differentiated — MEXC leads with about 1000 listings, with Gate.io, KuCoin, and other small to medium platforms closely following in terms of quantity;
Brothers should pay attention to the fact that a large number of projects have quickly cooled off in the secondary market. The 83% of tokens falling below their listing price points to the common dilemma of 'listing being the peak'.
The frenzy of small and medium exchanges in listing is essentially betting on probability in a recession cycle, trying to rely on the number of projects to drive volume and earn listing fees. However, this 'garbage yard' type of expansion will only turn them into dumping channels for inferior assets, ultimately being counteracted by a wave of price drops that harm their credibility.
2. In contrast, leading exchanges like Binance, Coinbase, and OKX have collectively contracted, with listing volumes controlled around 100 or even lower.
Behind the competition of the number of exchanges may be the dilution of project quality and loosening of valuation systems.
The leading platforms maintain relative restraint, perhaps indicating their anticipation of market risks.
In the absence of fundamental support, the number of listings may no longer serve as an indicator of ecological health but may instead become a contrary signal for observing market overheating and asset bubbles.
The market in 2025 is experiencing a reassessment of value. The coexistence of listing booms and price drop waves requires a re-examination of project selection logic for 2026 — where liquidity resides may not necessarily be where value resides.
So, brothers, if you lose money in 2025, it may really not be your fault!!
Now the whole internet is discussing the American kill line, talking about something quite superficial, but I want to say something different.
The American kill line has never been simply targeted at a certain class, but is determined by its national system and core positioning.
Simply put: The American kill line is designed from start to finish around 'forcing you to consume'. This is not just a simple social atmosphere, but a system design tailored for the consumer country. In the positioning of the consumer country, the core role of every citizen is actually 'consumer tools'; not consuming, not spending money, essentially equates to 'tax resistance', and naturally will be targeted by this system. Once you understand this core, looking at the American kill line, everything makes sense logically.
Brothers, JPMorgan Chase's 2026 core recommendations for U.S. stocks have been released:
The cryptocurrency industry unexpectedly failed completely, with six of the seven AI giants absent.
1⃣ This time, JPMorgan Chase recommended 47 stocks, and the cryptocurrency sector was entirely absent.
Whether it's core stocks like Coinbase and MicroStrategy or miner stocks like Bitmine, none appeared on this recommendation list, making the cryptocurrency sector a total failure.
2⃣ Only Google remains among the seven AI giants.
NVIDIA, Tesla, Meta, Apple, Microsoft, and Amazon, the six major tech giants, were all absent from the list, with only Google successfully making it onto the recommendation list among the seven AI giants.
Brothers are returning with this core recommendation list of 47 individual stocks.
What core directions did JPMorgan Chase's stock selection logic actually target?
The complete list can be referred to for further reading:
A single infographic reveals five major global stock market events in 2026 that will impact your investments and wealth!
Five major events will occur in 2026, and everyone should pay close attention. Whether it's running a business, making decisions, or investing, You must pay attention to these five major events that will happen in the future.
The first major event was the global interest rate cut.
In 2026, we will see major countries around the world launch a new round of interest rate cuts and monetary easing.
As we all know, the Federal Reserve cut interest rates three times in succession in September, October and December of the second half of 2025.
In fact, we predict that the Federal Reserve may cut interest rates two to five times in 2026.
You might ask: The US AI and stock market are both booming, so why cut interest rates? Well, let me tell you, the US economy is currently experiencing a stark contrast: AI technology is doing very well, but traditional US manufacturing has been declining.
The freshly baked Binance CZ year-end AMA Q&A highlights have been organized for the brothers, revealing key layouts and trend judgments in the crypto industry:
1. Post-amnesty dynamics: CZ expresses a sense of "vindication" and focuses daily on three major directions—Giggle Academy (a free education platform with 90,000 learners), Y2i Labs (raising nearly $1 billion for about 70 projects), and the role of BNB ecosystem mentor, while advancing crypto regulatory consultations in Pakistan and other countries;
2. 2025 growth achievements: BNB Chain's transaction volume increases by 600% annually, with 2.4 million daily active users, over 200 million Binance users, and CZ bluntly stating that "the crypto market cap can still increase by several orders of magnitude";
3. Investment logic: Rejecting "horse racing" style competition, emphasizing open collaboration, Y2i Labs has no exclusivity, with the core focus being the team's ability to respond to market changes, predicting that the 2026 World Cup will be a pivotal point for industry development;
4. New narrative implementation: Stablecoin 2.0 launch (integrating traffic + compliance), RWA anchored to "national financing paths" (connecting multiple countries' asset digitization), AI trading agents leaning towards personalization rather than a unified platform;
5. Long-termism anchor point: BNB Chain continues its "marathon-style" growth, benchmarked against Nvidia's 40-year growth curve (the first 20-30 years were "untrusted").
Brothers, there is no doubt that these actions reflect Binance's balance between regulatory compliance and ecological expansion, and signal the crypto industry's shift from "barbaric growth" to a "structured new narrative (RWA/AI/stablecoin 2.0)".