Nearly one-fourth of Hong Kong’s young retail investors aged 18-29 have traded virtual assets in the past year, compared to 9 percent of those aged 30-49, according to a survey by the Investor and Financial Education Council.
IFEC interviewed about 1,000 retail investors between the ages of 18 and 69 on their attitudes and behaviors related to virtual asset investments in June and July.
The survey found that 8 percent of respondents had invested in crypto assets and related products, higher than 1 percent in 2019 and 6 percent in 2021.
Three-fourths of interviewed investors said their crypto investments were aimed at short-term returns, while only 7 percent traded on the belief that virtual assets will trend.
Among young investors, 23 percent had traded crypto in the past 12 months, surging from 3 percent in 2019 and 12 percent in 2021.
Separately, the Securities and Futures Commission yesterday started a consultation on market sounding, aiming to regulate intermediaries from the misuse and leakage of non-public information that should be used to assess some trading, such as private share placement.
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