Hong Kong wealth management companies expect virtual asset allocation to reach 6-10% within five years

According to PANews, a survey by the Hong Kong Private Wealth Management Association (PWMA) showed that most private wealth management companies are taking a wait-and-see attitude towards virtual assets.

In recent years, the amount of cryptocurrency transactions in Hong Kong has soared, and the regulatory system has gradually improved. About one-third of wealth management institutions expect their allocation ratio to virtual assets to be 6-10% within five years.