China’s New Wealth Control Measures and Citizens’ Dilemma

China has long imposed restrictions on its citizens’ access to information and movement, but a new wave of measures is targeting their financial freedom. Beijing is cracking down on informal channels between Chinese households and global capital markets, with rules on overseas investment now explicitly covering individuals and threatening to confiscate “illegal gains”. The government is mobilizing private wealth to advance its state-led push for technological self-reliance and national rejuvenation, emphasizing the subordination of financial latitude to national security. Chinese investors are facing shrinking opportunities due to geopolitical tensions, exemplified by SpaceX excluding Chinese investors from its recent IPO. The…