According to Hong Kong media, the Hong Kong Stock Exchange will today launch the Hong Kong Exchange Virtual Asset Index Series, which will provide a transparent and reliable real-time price benchmark for the pricing of Bitcoin (BTC) and Ethereum (ETH) in the Asian time zone, provide a unified reference price for virtual assets, and address the price differences between virtual assets on global exchanges. Specifically, the reference index is based on the 24-hour volume-weighted benchmark spot price of Bitcoin or Ether, and is calculated based on the aggregate market prices of several major virtual asset exchanges, and is instantly denominated in US dollars. The reference exchange rate is designed for the settlement of financial products and is calculated at 4pm daily Hong Kong time. The launch of the index series is also a move by the Hong Kong region to build a leading digital asset hub in Asia. Ip Chi Heng, executive director of the intermediary department of the Hong Kong Securities Supervision Commission, has previously pointed out that virtual asset trading platform licenses will be issued by the end of this year, the virtual asset trading platform advisory group will be launched early next year, and the tokenization and Ensemble projects will continue to be supported.