Report: Chinese HNWIs allocate 2% to crypto, 25% plan to increase investment

Although high-net-worth individuals in China allocate only about 2% of their assets to cryptocurrency, 25% of them plan to expand their investments in the future, according to a recent report by Chinese research firm Hurun Research. The report noted that interest in overseas investments appears more aggressive, with 6% of wealthy individuals considering cryptocurrency as an overseas investment product they might pursue within the next year. It also projected that the growing prominence of AI could revive the popularity of digital collectibles like NFTs. Hurun Research explained that these trends suggest that while Chinese asset owners typically maintain traditional portfolios centered on gold and insurance, they are beginning to accept cryptocurrency as part of a strategic asset allocation.