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Chinese Investors Return to the Stock Market, Turning Away Cryptocurrencies

  • Chinese investors are turning away from cryptocurrencies and showing increased interest in the Chinese stock market, particularly following the government's economic stimulus and promise of interest rate cuts.
  • The recent rise in Chinese stocks has attracted investors who are prioritizing equities over digital assets such as cryptocurrencies.
  • Some investors are selling off stablecoins like USDT to enter the Chinese stock market.
  • Although cryptocurrency investments are banned in China, investor interest in digital assets remains high through over-the-counter brokers.

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