Survey: About a third of private wealth managers in Hong Kong expect to allocate up to 10% of their assets to virtual assets within five years

The Hong Kong Private Wealth Management Association (PWMA) released a survey on Friday showing that most private wealth managers are taking a wait-and-see attitude towards virtual assets. However, 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 managers expect their allocation to virtual assets to be 6-10% within five years. (Jin Ten)