According to Zhītōng Cáijīng APP, on June 27, Hong Kong Exchanges and Clearing Limited (00388) announced that it will launch weekly Hang Seng Tech Index options on September 2. The plan is subject to regulatory approval. The Hong Kong Stock Exchange will provide a 50% trading fee discount for this product until further notice. The product will also be exempt from the Hong Kong Securities and Futures Commission's levy for the first six months after its launch.
According to the Hong Kong Stock Exchange, weekly Hang Seng Tech Index options are options contracts that expire every week. There will be two sets of weekly contracts: the current week and the following week's contracts. Investors can manage their positions based on short-term risks and specific events.
The Hong Kong Stock Exchange launched weekly Hang Seng Index options and weekly Hang Seng China Enterprises Index options in 2019. The average daily trading volume of these products increased from about 6,000 contracts in 2020 to over 19,000 contracts now. The launch of weekly Hang Seng Tech Index options and the upcoming weekly stock options will further enrich the Hong Kong Stock Exchange's derivatives product portfolio and provide the market with more short-term option choices.
Since the launch of Hang Seng Tech Index futures contracts in 2020, the Hang Seng Tech Index derivatives product portfolio of the Hong Kong Stock Exchange has become one of the most active product categories in trading. The average daily trading volume of futures contracts increased from about 14,000 contracts in 2021 to over 116,000 contracts now. The Hang Seng Tech Index options also set a new record for daily trading volume with 315,770 contracts traded on May 3 this year.
The average daily trading volume of the Hong Kong Stock Exchange's derivative product market in 2023 was 1.35 million contracts, an increase of 4% from the previous year. The upward trend continues in 2024, with the average daily trading volume exceeding 1.56 million contracts as of May this year, an increase of 13% from the same period last year.