HKEX will launch a weekly stock options series. The series has been approved by the Hong Kong Securities and Futures Commission and will be available for trading by market participants on November 4, 2024, once the market is ready.

The following stocks will have new options series added:$HSBC HOLDINGS (00005.HK)$and$HKEX (00388.HK)$N/A.$TENCENT (00700.HK)$,$KUAISHOU-W (01024.HK)$,$BYD COMPANY (01211.HK)$,$PING AN (02318.HK)$,$MEITUAN-W (03690.HK)$,$JD-SW (09618.HK)$,$BIDU-SW (09888.HK)$and$BABA-W (09988.HK)$

Earlier, Robren Lo, head of the Securities Product Development Department of HKEX, said: "I am pleased to introduce weekly stock options products later this year to further enhance the attractiveness of Hong Kong's derivatives market and provide more product choices to assist investors in effectively managing risks. HKEX will strive to enrich the product portfolio and promote market development, further consolidating Hong Kong's position as a leading hub for derivatives trading and risk management in Asia.

It is reported that weekly stock options are a new series of contracts in addition to the existing monthly stock options contracts, designed to meet the trading and risk management needs of investors. Weekly contracts allow investors to manage their positions in response to short-term or specific events (such as corporate performance announcements). As the expiration time of each period options contract is relatively short, the options premium is also relatively low.

$Hang Seng Index (800000.HK)$and$Hang Seng H-Share Index ETF (02828.HK)$

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