Locals favor equity investments
Tuesday, January 26, 2021
More than 80 percent of local investors are keen on equities, a survey by Hong Kong Investment Funds Association showed.
The survey was conducted by Cimigo in November via on-line questionnaire. It interviewed 843 Hong Kong residents who are aged 25-65 years with a monthly income of more than HK$30,000 or with over HK$500,000 liquid assets.
The survey found 73 percent plan to invest in deposit products.
About 76 percent preferred Hong Kong markets, followed by the mainland market (49 percent) and US market (44 percent).
Baby boomers favor China (61 percent), while millennials are more inclined to invest in the United States (58 percent).