Since there are currently no single ETFs that provide something like a total Chinese market play, the fastidious investor could include an ETF like GXC, which tracks everything but Chinese A-shares, with ASHR for broader exposure to the Chinese market.

KraneShares also says it is close to launching its own Chinese A-shares ETF, the KraneShares Bosera MSCI China A ETF (KBA). [KraneShares Eyes Its Own China A-Shares Play]

Additionally, rival A-shares products such as the Market Vectors China ETF (NYSEArca: PEK) and the newly minted, actively managed PowerShares China A-Share Portfolio (NYSEArca: CHNA) hold swaps on A-shares indices, not actual stocks, though CHNA is seeking RQFII approval. [Deutsche Offers New Spin on China ETFs]

For more information on China, visit our China category.

Max Chen contributed to this article.