狂人
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After the stablecoin bill emerged, cryptocurrency and stock trading quickly took shape, which means that borderless stock trading has officially appeared. This is the most feared situation for Dongda, as there are currently not many investment opportunities here, whether in real estate, stocks, or other investment avenues. Capital is eager to invest abroad, as evidenced by the premiums observed in the formal Hong Kong Stock Connect and overseas index ETFs.
To block this scenario, some overseas brokerages like Futu NiuNiu and Tiger Brokers had their account opening qualifications revoked recently. However, the cryptocurrency and stock issue has changed the market again; you only need to hold stablecoins to complete global investments, and stablecoins essentially represent the US dollar. This will lead to a substantial outflow of foreign exchange, which is unbearable. Therefore, I believe future policies will tend to crack down on U merchants, such as C2C exchanges or some online OTC platforms. Only by completely shutting down the outlet for exchanging renminbi for US dollar stablecoins can the foreign exchange wall be firmly blocked.
So while the window period is still open, it is advisable to keep some stablecoins as future foreign exchange reserves, lest when you really want to use them in the future, they are completely blocked. At that point, you would only be able to go to a bank to exchange for US dollars, transfer them abroad, then buy U, and return to the annual limit of 50,000.
To block this scenario, some overseas brokerages like Futu NiuNiu and Tiger Brokers had their account opening qualifications revoked recently. However, the cryptocurrency and stock issue has changed the market again; you only need to hold stablecoins to complete global investments, and stablecoins essentially represent the US dollar. This will lead to a substantial outflow of foreign exchange, which is unbearable. Therefore, I believe future policies will tend to crack down on U merchants, such as C2C exchanges or some online OTC platforms. Only by completely shutting down the outlet for exchanging renminbi for US dollar stablecoins can the foreign exchange wall be firmly blocked.
So while the window period is still open, it is advisable to keep some stablecoins as future foreign exchange reserves, lest when you really want to use them in the future, they are completely blocked. At that point, you would only be able to go to a bank to exchange for US dollars, transfer them abroad, then buy U, and return to the annual limit of 50,000.
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