The scale of the Chinese asset management industry has soared. Twenty years ago, the total amount of M2 in China was RMB 10 trillion; ten years ago, the total amount of M2 was RMB 47 trillion, and now M2 has reached RMB 174 trillion, and the total amount of money in the past 20 years has increased 16.4 times, with the money supply increasing 2.7 times over the past decade. Under a variety of factors, the Central Bank's currency over-supply is the main reason for the increase in Chinese asset prices. It is of no wonder that there are claims that in the era of currency over-supply, the important mode of wealth creation in China is actually about rising price.