$BTC Since 2021, China has comprehensively cracked down on Bitcoin mining and trading activities. Even if companies hold it, it is not convenient for them to disclose it publicly, let alone list it as a core asset.

High information disclosure risk

Chinese listed companies may face regulatory risks when disclosing BTC holdings in their financial reports, so many 'potential holders' choose not to disclose. Different market orientation

China's capital market places more emphasis on traditional profit models and compliant operations, and holding the highly volatile BTC may be considered 'speculative' behavior.