Asia Tech Wire (June 27) -- Hong Kong Exchanges and Clearing Ltd. announced Thursday that it will launch weekly Hang Seng Tech Index options on Sept. 2nd.

However, the company said the plan is still pending regulatory approval.

HKEX will offer a 50% discount on trading fees for this product until further notice.

Meanwhile, the Securities and Futures Commission of Hong Kong will waive the levy for the first six months after the launch of the product.