Hong Kong Exchanges and Clearing Limited (HKEX) announced today (28th) the launch of its "Virtual Asset Index Series" on November 15th. This initiative aims to provide reliable benchmark pricing for virtual assets, supporting Hong Kong's development as Asia's leading digital asset hub.
Key Features of the Virtual Asset Index Series
- Transparent Benchmarking: Offers standardized reference prices for Bitcoin (BTC) and Ethereum (ETH) during Asian trading hours
- Price Discrepancy Resolution: Addresses valuation gaps across global exchanges for virtual assets
- Dual-Component Structure: Includes both reference indices and settlement rates
Executive Commentary
HKEX Group CEO Bonnie Chan stated:
"We're pleased to introduce this index series to meet regional demand for this rapidly emerging asset class. By providing transparent, reliable real-time benchmarks, we aim to support informed investment decisions and foster healthy ecosystem growth."
Technical Implementation
- Calculation Methodology: 24-hour volume-weighted spot prices aggregated from major virtual asset exchanges
- Pricing Currency: USD-denominated real-time data
- Settlement Rates: Calculated daily at 4:00 PM Hong Kong time for financial product settlement
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Regulatory Significance
This marks Hong Kong's first virtual asset index series compliant with the EU's Benchmarks Regulation (BMR), jointly managed by:
- UK-registered benchmark administrator
- CCData (specialized virtual asset data provider)
Future Developments
HKEX will release detailed specifications regarding index design and calculation methodologies in subsequent announcements.
FAQ Section
Why is HKEX launching virtual asset indices now?
The initiative aligns with Hong Kong's strategic positioning as a digital asset hub and addresses growing institutional demand for standardized crypto benchmarks.
How will these indices benefit investors?
They provide:
- Transparent pricing references
- Asian-timezone specific data
- Regulated calculation methodologies
What makes this index series unique?
It combines:
- BMR compliance
- Institutional-grade calculation
- Asia-focused pricing data
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Disclaimer: This content provides market information only. All views expressed constitute neither investment advice nor represent any official stance. Investors should conduct independent research and bear full responsibility for their trading decisions.
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