Chinese people buying US stocks have gone through three eras in total Today is a witness to history! Binance Exchange connects to US stock trading! Many people think that Chinese people buying US stocks is a recent phenomenon. In fact, in the past two decades, the US stock market has undergone three different stages of evolution when it entered the vision of Chinese investors. Phase One: The Rich's Game (2007-2014) In that era, ordinary people had almost no access to the US stock market. In the context of capital account control, QDII funds are one of the few channels that can invest in overseas markets in compliance. But what you are buying is not Apple, Microsoft, or Amazon stocks, but fund shares. The fund manager helps you buy, but the management fee is still charged, but the return may not be ideal. Many investors have the deepest memory of the US stock market, even with QDII funds losing 40% in three years. In addition, there are also a few people who open accounts through overseas securities firms, such as Jiaxin Wealth Management. But opening an account requires an overseas address, USD wire transfer, and a complex process. The people who can use these channels are mostly high net worth individuals, foreign executives, or study abroad families. For ordinary middle-class people, the US stock market is more like a market they have heard of but cannot reach. At that time, the US stock market belonged to a minority. The second stage: the era of Internet brokers (2014-2024) The real change occurred around 2014. With the rapid popularization of mobile Internet and the opening of Shanghai Hong Kong Stock Connect, the US stock market has also ushered in a super bull market of technology giants such as Tesla and Nvidia. Futu, Tiger and other Internet securities companies have seized this window. What they do is actually quite simple: Transforming the originally complex cross-border investment process into a few steps on a mobile phone. The account opening time has been shortened from a few days to a few minutes, and the deposit threshold has been significantly lowered. In the past, it was necessary to specifically go to the bank and handle wire transfers, but now it can be done on a mobile phone. This is the most important round of era dividends for the post-80s and post-90s generations. More and more Chinese investors are directly holding Apple, Microsoft, Nvidia, and Tesla for the first time. The US stock market is no longer exclusive to the wealthy, but has begun to enter the investment portfolio of the average middle class. Phase Three: stablecoin era (2025 present) And today, we are entering the third phase. Unlike the previous two times, the core of this change is no longer securities firms, but on chain infrastructure. The scale of stablecoins has exceeded hundreds of billions of dollars, and digital currencies such as USDT and USDC are widely circulated worldwide. At the same time, the RWA (Real World Assets) framework is gradually maturing, and the custody, mapping, verification, and redemption mechanisms for stock assets are being integrated. In the past, entering the US stock market required banks, securities firms, foreign exchange accounts, and cross-border channels. In the future, entering the US stock market may only require an on chain wallet. If QDII allows Chinese investors to see overseas markets for the first time, Internet brokers let Chinese middle class buy American stocks for the first time, So stablecoins and RWAs are trying to do the third thing: Move the global capital market directly onto the chain. In a sense, The history of Chinese people buying US stocks, Essentially, it is a history of continuously lowering the threshold of financial infrastructure.