High-net-worth individuals and family offices may raise investments in mainland China and Hong Kong next year, encouraged by Beijing’s stimulus measures, according to bankers from UBS, JPMorgan Private Bank, and Standard Chartered. The Chinese government is expected to finalise more economic support by March’s National People’s Congress, possibly raising its deficit ratio and expanding bond issuance. Analysts also see potential US tariff hikes under President-elect Donald Trump as a challenge, which could lower China’s growth by one to two percentage points. Taiwan’s semiconductor sector and India’s domestic economy also remain attractive for diversification. Some bankers recommend buying equities, short-term bonds, and gold as volatility persists. US rate cuts could spur shifts from cash to higher-yielding assets, prompting more borrowing. Private equity is also gaining momentum.