Survey: About one-third of private wealth management institutions in Hong Kong expect to allocate up to 10% of virtual assets within the next five years

According to a report by Golden Ten, the Hong Kong Private Wealth Management Association (PWMA) released a survey on Friday showing that most private wealth management companies are adopting a wait-and-see attitude towards virtual assets. However, in recent years, the amount of cryptocurrency trading in Hong Kong has surged, and coupled with the gradual improvement of regulatory systems, about one-third of wealth management institutions expect their allocation ratio to virtual assets to be 6-10% within five years.