Survey: About 1/3 of private wealth management institutions in Hong Kong expect the allocation ratio to virtual assets to reach up to 10% within five years

ChainCatcher news, according to Jinshi reports, the Hong Kong Private Wealth Management Association (PWMA) released a survey on Friday showing that most private wealth management companies are taking a wait-and-see approach to virtual assets. However, in recent years, the trading volume of cryptocurrencies in Hong Kong has surged, and with the regulatory framework gradually improving, about one-third of wealth management institutions expect their allocation to virtual assets to be 6-10% within five years.