Over 260 U.S.-listed ETFs feature some exposure to China with marquee names including the iShares China Large-Cap ETF, which is the largest China-related ETF that tracks Chinese companies listed on the Hong Kong stock exchange. H-shares, or the Chinese stocks trading in Hong Kong are some of the least expensive stocks in the world and FXI has a price-to-earnings ratio below that of the MSCI Emerging Markets Index.

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“Valuations make the case for buying Hong Kong stocks. Their lagging performance has left the MSCI measure of the city’s shares trading at a 38 percent discount to MSCI Inc.’s global gauge on a price-earnings basis. The city also comes out well on Transparency International’s corruption perceptions index and its foreign currency debt is rated AAA by S&P Global Ratings, while many of its largest companies have overseas earnings that shield them from a stuttering local economy,” according to Bloomberg.

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iShares MSCI Hong Kong ETF