China exchange traded funds have been attracting greater interest, with some value investors now looking at the growing emerging market as a cheaper play, especially after government officials assuaged market concerns.

The world’s largest ETFs tracking Chinese stocks are attracting more inflows than at any time since the boom-and-bust in 2015 as state investors were said to be stemming the market bleeding, Bloomberg reports.

Specifically, the Shanghai-listed China 50 ETF experienced $1.19 billion in inflows this October while the Shanghai Composite Index suffered through one of its worst months since January 2016. Other mainland-listed large-cap funds including China CSI 500 ETF and the Hong Kong-listed CSOP FTSE China A50 ETF have also attracted heavy inflows.

Meanwhile, among U.S.-listed China ETFs, the iShares China Large-Cap ETF (NYSEArca: FXI) attracted $230.8 million in new inflows, iShares MSCI China ETF (NYSEArca: MCHI) added $291.3 million and Xtrackers CSI 300 China A-Shares ETF (NYSEArca: ASHR) saw $125.8 million in inflows over the past month, according to XTF data.

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