HKEX ETFs hit record HK$616.5B AUM, average daily turnover up 23%

Record AUM and turnover together suggest Hong Kong's ETF complex is deepening rather than just inflating, with the 23% turnover gain outpacing asset growth and pointing to more active use of these products. The inclusion of leveraged and inverse products in the headline figure is worth noting: those vehicles can amplify flows in both directions, so their share of the total shapes how much of this activity is directional trading versus longer-horizon allocation. Whether turnover keeps climbing alongside AUM, or the two decouple as market conditions shift, is the open question.