Chinas lack of alternatives for citizens to store their growing private wealth lead to their property bubble. They need to develop a broader range of investment options but that is difficult given the control the CCP wants to maintain over capital flight potential. Some of the biggest losers in the Chinese property bubble where the greedy western hedge funds who bought up debt obligation from the likes of Evergrande and then saw them collapse. https://fortune.com/2024/02/08/evergrande-liquidation-99-percent-haircut-hedge-funds/

I wonder if Chinese citizens can easily access gold markets and purchase and hold gold like you can in most other Asian countries? Surely the CCP could not object to that although it does take liquidity out of productive capital investment it also builds a national reserve of wealth and capital.