The IFEC study featured 1,000 respondents.
Just 47% of retail crypto investors in Hong Kong are aware of the Virtual Asset Trading Platform Regulatory Regime, a legislation which went into effect this June to protect the interest of retail investors in digital assets in the region.by the The Investor and Financial Education Council of Hong Kong.
Despite the improvement in adoption, most Hong Kong-ers said that their top investment preferences were stocks , mutual funds and trusts , followed by bonds . Around three-quarters of overall respondents said the primary goal of investing in crypto was for"short-term profits," alongside"fear of missing out." The survey featured 1,000 respondents between the ages of 18 and 69.
"Investors should understand the product characteristics and related risks before investing, in order to align their choices with their financial goals and risk tolerance level," said IFEC general manager Dora Li in response to the results. Meanwhile, Eric Chui, head of the Department of Applied Social Sciences at PolyU, commented:"Virtual asset investors should think more deliberately and rationally.
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Google’s Asia-Pacific Women Founders Fund Picks First Batch Of AI StartupsI'm an associate editor at Forbes, based in Hong Kong, covering Asia's most successful businesspeople and up-and-coming entrepreneurs. I edit the Korea's 50 Richest and 100 to Watch lists, and help research and write other Asia-related lists, including 30 Under 30 Asia and Hong Kong's 50 Richest. Previously I was a reporter covering law firms at Thomson Reuters and The American Lawyer's Law.com. You can email me at jkang[at]forbes.com and follow me on Twitter johnhjkang.
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