Artificial Intelligence (AI) continues to be hot, and as a result, Hong Kong exchange traded funds (ETFs) tracking related concepts have performed well. As of the closing of trading on Thursday, the assets under management (AUM) of Southbound Leveraged ProShares (07709) exceeding 40 billion Hong Kong dollars, making it the largest individual stock leveraged and inverse product in the world. Southbound Leveraged ProShares tracks the Korean stock SK Hynix, using a synthetic strategy based on swaps to achieve daily performance of twice (2x) that of Hynix through direct investment in swaps. It was listed on October 16, 2025, with an initial price of around 7.8 Hong Kong dollars. With the closing price of 76.88 Hong Kong dollars on Thursday, it has gained 8.85 times since its listing. Data shows that as of the end of March this year, a total of 242 ETPs are listed on the Hong Kong Stock Exchange, with 213 being ETFs and 29 being L&I products. The assets covered by L&I products have expanded to include Hong Kong stocks, mainland A shares, US stocks, and gold.