Hong Kong Exchanges and Clearing is expanding into the index business with plans to launch more proprietary benchmarks and related investment products.
The operator of Hong Kong’s stock exchange will debut the first exchange-traded fund tracking its HKEX Tech 100 Index on Friday. The index, launched on December 9, tracks the 100 largest technology companies listed in Hong Kong across six sectors, including AI, robotics and biotechnology.
Richard Leung, the exchange’s group chief information officer, said at a briefing on Thursday that HKEX is in discussions with issuers in Hong Kong and mainland China to launch more ETFs linked to the benchmark, while also exploring products ranging from futures to over-the-counter derivatives.
In addition to the HKEX Tech 100 Index, the exchange has launched three cross-market benchmarks: the HKEX Tech & US Tech 100, HKEX Bursa Malaysia Large Cap and HKEX KRX Semiconductor indices. Gregory Yu, head of markets at HKEX, said it is only natural for HKEX to develop indices that catalyse market liquidity.
