The latest report from the Hurun Research Institute, 'Quality of Life Report for China's High Net Worth Individuals', indicates that in the coming year, China's high net worth individuals are inclined to increase their holdings in gold and overseas investments while reducing their investments in real estate, with overall investment enthusiasm decreasing by 17 percentage points compared to last year.

Among them, the proportion planning to increase gold holdings is the highest (20%), followed by A-shares and overseas investments tied for second place (14%); meanwhile, real estate has become the asset category with the most significant reduction, with 26% of high net worth individuals choosing to cut back their allocations.

If true, the peak for gold and the low point for real estate may not have arrived yet.