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

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