Standard Chartered Plc’s Erwin Sanft and Templeton Emerging Markets Group’s Mark Mobius are predicting that the rally could extend as the government promotes growth. Premier Li Keqiang affirmed that the government will “ensure” a minimum annual economic growth rate of 7.5%. Meanwhile, the country’s manufacturing industries expanded at its fastest clip in 18 months over July, along with strong earnings growth.

Additionally, the low valuations could continue to attract investors. FXI shows a 7.8 price-to-earnings ratio and GXC has a 9.1 P/E ratio.

The ETFs include Chinese H-shares, or stocks issued by Chinese companies incorporated in the mainland that are listed on the Hong Kong Stock Exchange.

In comparison, a string of new China ETF launches are based of Chinese A-shares, or mainland-listed stocks that trade on Shanghai or Shenzhen exchanges, including the Market Vectors ChinaAMC A-Share ETF (NYSEArca: PEK), db X-trackers Harvest CSI 300 China A-Shares Fund (NYSEArca: ASHR) and the KraneShares Bosera MSCI China ETF (NYSEArca: KBA). [Asia’s A-Shares ETF Market Differs From U.S.]

For more information on China, visit our China category.

Max Chen contributed to this article.