Just checked out the Hurun Report's 2025 White Paper on Financial Investment Needs and Trends of China's High-Net-Worth Individuals. The number of households in China with a net worth of 6 million, 10 million, 100 million, and 200 million RMB is 5.12 million, 2.06 million, 130,000, and 86,000, respectively. If we switch from 'net worth' to 'investable assets,' these numbers become 1.84 million, 1.08 million, 78,000, and 53,900, respectively. The difference is that net worth includes primary residences, personal vehicles, etc., while investable assets exclude primary residences and cars. Also, in terms of investment allocation, Crypto currently only accounts for 2%, far lower than stocks, gold, real estate, etc., meaning there’s still huge growth potential.