China’s sizable middle class is on fire. A McKinsey & Company report projected that they would account for 76% of the country’s urban population by 2022. With thickening wallets and an urgent need to diversify investment options, more Chinese investors are turning their sights overseas, especially the US stock market.

In addition to its reputation as a more stable market, the attraction of US stock market was intensified by the remarkable performances of US-listed Chinese stocks. The wave, in turn, gave rise to another US IPO spree of Chinese tech firms this fall. Chinese online loan provider Qudian started trading as the fourth-largest US IPO this year. Several domestic peers join the trend by submitting IPO applications, including search engine Sogou, P2P lending platforms of PPDAI Group and Hexindai.

Given the trends, online brokerage service Tiger Brokers released a report to shed lights on preferences and demographics of Chinese-speaking traders who eyes US stock market.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.