苏八戒

I believe that the era of Mrs. Watanabe in China has come again.
Back in the 1990s, Japan experienced a stock market bubble, followed by a real estate bubble that burst in 1991. Japan then faced a decline in asset prices for nearly two to three decades. Whether it's the stock market or the real estate market, who are the 'Mrs. Watanabes'? They specifically refer to wealthy individuals in Japan, as 80% of Japan's wealth is concentrated among the elderly, because young people in Japan have no money. Moreover, the money among the elderly in Japan is mainly controlled by their wives, not their husbands. Consequently, Mrs. Watanabe, aged over 50, holds 80% of the national wealth of Japan. So what do they do? They find that there isn't much good property to buy in Japan, and the stocks aren’t appealing either, leading them to invest overseas, purchasing USD, assets, American stocks, U.S. bonds, etc. This situation is quite similar to what is happening domestically. For instance, I particularly understand why many of us have recently come to buy Hong Kong insurance; it's because people suddenly realize that before, they were major investors primarily buying properties. Now, they find that properties no longer have a profitable effect, and the savings rate of residents is around 17 billion, but now with the interest rate cuts and reductions in reserve requirements, money will become less valuable, resulting in a domestic asset shortage. While I believe that this year, the A-shares in the domestic stock market also have opportunities, the operation is challenging, and the risks are high. Secondly, the stock market cannot bear such a large amount of capital. Therefore, a lot of money needs to find good targets. You can see why in recent years, Japanese properties, particularly in Tokyo, have been completely purchased by Chinese individuals, including how our Hong Kong savings insurance has been the same. Hong Kong savings insurance is simply where you put 1 million into a Hong Kong insurance company, which then allocates to U.S. stocks, U.S. bonds, Japanese bonds, and Japanese stocks, investing in good assets worldwide. I genuinely believe this is a very good product, and it is guaranteed to preserve capital in the long run. Can you guarantee capital preservation with gold? Not necessarily. Gold has price fluctuations and can be volatile. However, this product is long-term and guaranteed. For example, it might triple your investment in 20 years. For ordinary people, it’s the best lazy investment method for the wealthy.

This year, the most important policy interpretation regarding cryptocurrency trading has arrived.
The meeting on the coordination mechanism for combating virtual currency trading speculation was convened
The People's Bank of China and the China Internet Finance Association issued a notice on November 29, 2025, at 20:30, stating that on November 28, 2025, the People's Bank of China held a coordination mechanism meeting to combat virtual currency trading speculation. Officials from the Ministry of Public Security, the Central Cyberspace Affairs Commission, the Central Financial Office, the Supreme People's Court, the Supreme People's Procuratorate, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Justice, the People's Bank of China, the State Administration for Market Regulation, the National Financial Regulatory Administration, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange attended the meeting.

Phasing out stablecoins and regulation
Is U going to be phased out? Hong Kong is phasing out U, and the EU is also phasing out U. At the same time, Hong Kong is issuing stablecoin licenses, which signifies that Hong Kong's monetary sovereignty is being reclaimed by the state.
- After the EU's stablecoin regulation is implemented, the first strike is aimed at U. The Bank of Korea and European exchanges have announced plans to delist or restrict U.

Reasons for the EU phasing out U

- The EU does not want American companies to control the settlement rights of European digital currencies. U is being treated as a digital dollar in Europe, used for cross-border payments, OTC, and even gray market settlements, which is unacceptable for the EU, like a bomb.