Hong Kong Exchange to Launch Virtual Asset Index Series in November 2024

According to Odaily, the Hong Kong Stock Exchange (HKEX) announced today that it will launch the Hong Kong Exchange Virtual Asset Index Series on November 15, 2024. This initiative aims to provide a reliable benchmark price for the rapidly emerging asset class of virtual assets, supporting Hong Kong's development as a leading digital asset hub in Asia. The index series will offer transparent and reliable benchmark pricing for Bitcoin and Ethereum within the Asian time zone, specifically UTC+8. It is designed to provide a unified reference price for virtual assets, addressing the price discrepancies of these assets across global exchanges. The CEO of the Hong Kong Exchanges and Clearing Limited, Nicolas Aguzin, expressed enthusiasm about the launch, stating, 'We are pleased to introduce the Hong Kong Exchange Virtual Asset Index Series to meet the regional demand for this rapidly emerging asset class. By providing transparent and reliable real-time benchmarks, we hope to assist investors in making informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and reinforcing Hong Kong's status as an international financial center.'