According to @EricBalchunas, Hao Hong stated at the Bloomberg HK ETF event that Chinese stocks are set to replace property as the primary investment for Chinese citizens, making China equities a good bet for the next decade (source: @EricBalchunas on X, Oct 15, 2025; remarks attributed to Hao Hong at the Bloomberg HK ETF event). For traders, this frames a rotation thesis toward onshore A-shares and HK-listed China equity ETFs as practical vehicles to capture potential reallocations of domestic savings if the shift unfolds (source: @EricBalchunas on X, Oct 15, 2025; Bloomberg HK ETF event context). No direct crypto impact was cited, and Mainland cryptocurrency trading remains restricted under the People’s Bank of China’s September 24, 2021 notice, limiting immediate spillovers into digital assets (source: People’s Bank of China notice on further preventing virtual currency trading risks, Sept 24, 2021).