https://archive.is/ZTJ9Q

Ultrawealthy Asians are turning to Chinese stocks as they look to benefit from the artificial intelligence boom, while also seeking to profit from falling interest rates and the rally in gold, according to private bankers and wealth managers in the region.

Collective fortunes of ultrawealthy Asians, or those with a net worth of $30 million or more, ballooned 10% in the first half of this year, according to Wealth-X, a market research company specializing in analyzing the wealthy. As their nest eggs have grown, well-heeled investors in Asia have begun turning their attention to the rally in Chinese stocks.