Survey: About one-third of Hong Kong's private wealth management institutions are expected to allocate up to 10% of their assets to virtual assets within five years.

On November 22, Jinshi Data News, the Private Wealth Management Association (PWMA) of Hong Kong released a survey on Friday, showing that most private wealth management companies are taking a wait-and-see attitude towards virtual assets. However, in recent years, the trading volume of cryptocurrencies in Hong Kong has soared, coupled with the gradual improvement of regulatory systems. About one-third of wealth management institutions expect the allocation ratio of virtual assets to be 6-10% within five years.