The current NDRC's 'Regulations on the Management of Overseas Investments' is still in the public consultation phase, but I think its impact will be huge. First, buying property overseas will definitely require filing for the record, as it involves land ownership. Crypto investments fall under the category of overseas investments prohibited by the state, with illegal gains to be confiscated and fines imposed As for stocks, it only mentions that legal channels don't require reporting. If you invest in US or Hong Kong stocks through other channels, your illegal gains might also be confiscated in the future