Hong Kong Stock Exchange to launch virtual asset index series

BlockBeats news, October 28, Hong Kong Stock Exchange announced today that it will launch the Hong Kong Stock Exchange Virtual Asset Index Series (Index Series) on November 15, 2024, to provide a reliable benchmark price for virtual assets, a rapidly emerging asset class, and support 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 such assets on global exchanges.

Hong Kong Stock Exchange Group Chief Executive Officer Chan Yik Ting said: "We are pleased to launch the Hong Kong Stock Exchange Virtual Asset Index Series to meet the region's demand for this rapidly emerging asset class. 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." (Jinshi)