Hong Kong Stock Exchange to launch virtual asset index series

HKEX announced today that it will launch the HKEX Virtual Asset Index Series (Index Series) on November 15, 2024 to provide a reliable benchmark price for this rapidly emerging asset class, supporting Hong Kong's development into Asia's leading digital asset center. The Index Series will provide a transparent and reliable benchmark for the pricing of Bitcoin and Ethereum in the Asian time zone, and is committed to providing a unified reference price for virtual assets to resolve the price differences between global exchanges for such assets. HKEX Group Chief Executive Officer Chan Yik Ting said: "We are pleased to launch the HKEX Virtual Asset Index Series to meet the demand for this rapidly emerging asset class in the region. By providing a transparent and reliable real-time benchmark, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and consolidating Hong Kong's position as an international financial center." (Jin Shi)