Baidu, Qihoo, Vipshop, Sina (NasdaqGM: SINA) and Phoenix New Media (NYSE: FENG) made the bank’s list of earnings surprise candidates, according to Barron’s.  Sina is CQQQ’s fourth-largest holding with a weight of 6.6%. The stock gets an allocation of 4.4% in KWEB. [Internet Stocks Lift This China ETF]

The PowerShares Golden Dragon China Portfolio (NYSEArca: PGJ), which is not a pure tech/Internet ETF, allocates a combined 24% of its weight to the aforementioned stocks. That has PGJ sporting a P/E of almost 40.5, according to PowerShares data.

PowerShares Golden Dragon China Portfolio

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Amazon and Facebook.