When a central bank enacts loose monetary policies, investors typically try to ride the wave. As the People Bank of China increases its monetary stimulus, Chinese stocks, along with related exchange traded funds, could rally.

JPMorgan Chase & Co. )NYSE JPM) raised its position on Chinese stocks to neutral from underweight, arguing that shares will rally through October after the Hang Seng China Enterprises Index entered a bull market, Bloomberg reports.

The iShares China Large-Cap ETF (NYSEArca: FXI), which tracks the 25 largest Chinese equities traded on the Hong Kong Stock Exchange, is up 8.3% year-to-date while the SPDR S&P China ETF (NYSEArca: GXC), which includes New York and Hong Kong-listed Chinese companies, is up 6.0%,

China’s central bank enacted a larger-than-estimated increase in new credit and reduced reserve requirements for some lenders. [China ETFs: Low Inflation Leaves Room for More Stimulus]

“The scale of monetary stimulus since June is a surprise,” Adrian Mowat, JPMorgan’s chief Asia and emerging-market strategist, wrote. “All these changes indicate a more aggressive approach to driving growth.”