China and Hong Kong ETF Flows: 2025 in Review
Discover the key drivers behind record-breaking inflows and shifting investor demand in the Asian ETF landscape
China’s ETF market experienced massive growth in 2025, reaching RMB 5.85 trillion in assets under management. Investors drove RMB 1.38 trillion in full-year inflows, marking the second-highest total on record. A historic shift occurred as fixed-income exchange-traded funds became the primary growth engine.
The Hong Kong ETF market also expanded, climbing to HKD 583.3 billion in assets. Investors actively sought out alternative strategies, flocking to actively managed covered-call ETFs for their income potential. Simultaneously, an intense appetite for technology exposure fueled strong interest in leveraged and inverse products tied to the Asian artificial intelligence supply chain.
Asset managers and financial professionals rely on this data to navigate shifting market dynamics and identify emerging opportunities. This report breaks down the profound changes across these pivotal markets, helping you interpret complex investor behavior and track the money moving through the region.