Chinese government policy sets the operating rules for the companies these portfolios hold. A regulatory shift in one sector can reach company revenues before the fund's next rebalance.
Each fund on this list tracks a Chinese equity index, though the indices cover quite different ground – A-shares on mainland exchanges, large-caps listed in Hong Kong, and portfolios concentrated in internet or technology companies. WisdomTree China ex-State-Owned Enterprises Fund ($CXSE) has an additional screen built into its index: it excludes any company where the government holds more than 20% of shares.
How we built this list: We selected these funds based on their industry or investment category and ordered them by assets under management. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.
ETF Name | Ticker | Share Price | AUM | Expense Ratio | In Watchlists |
|---|---|---|---|---|---|
iShares MSCI China ETF | $52.62 | $6.08B | 0.59% | 818 | |
KraneShares CSI China Internet ETF | $24.58 | $4.70B | 0.69% | 1193 | |
iShares China Large-Cap ETF | $33.96 | $4.06B | 0.73% | 809 | |
Invesco China Technology ETF | $46.44 | $2.62B | 0.65% | 992 | |
Xtrackers Hvst CSI 300 China A Shs ETF Class A | $33.09 | $1.41B | 0.65% | 198 | |
WisdomTree China ex-State-Owned Enterprises Fund | $35.79 | $460.4M | 0.32% | 76 | |
State Street SPDR S&P China ETF | $87.11 | $458.3M | 0.59% | 263 | |
Franklin FTSE China ETF | $20.78 | $304.4M | 0.19% | 70 |
Past performance is not a reliable indicator of future performance.
Source: Stake market data. Figures in US$. Data updated as of 25 September 2026.
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1. iShares MSCI China ETF ($MCHI)
iShares MSCI China ETF (MCHI) share price over the last year: started at US$65.53, ended at US$52.62, a change of −19.7%. Range over the period: high US$66.99, low US$50.48. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$52.62 · Daily: -0.4% · AUM: US$6.08B · MER: 0.59%
iShares MSCI China ETF ($MCHI) is designed to track an index of Chinese equities that international investors can access. The portfolio aims to hold at least 90% of its assets in those index securities directly or in depositary receipts representing them.
The MSCI China index covers a broad range of Chinese companies rather than targeting one sector or market cap band. Both direct securities and depositary receipts make up the holdings, giving the fund a way to represent equities in different listed forms. That construction is intended to keep the portfolio closely aligned with the underlying index.
2. KraneShares CSI China Internet ETF ($KWEB)
KraneShares CSI China Internet ETF (KWEB) share price over the last year: started at US$41.95, ended at US$24.58, a change of −41.4%. Range over the period: high US$42.94, low US$23.63. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$24.58 · Daily: -0.4% · AUM: US$4.70B · MER: 0.69%
KraneShares CSI China Internet ETF ($KWEB) tracks an index designed to measure the price and yield performance of publicly traded internet companies based in China. The index aims to represent the investable universe of that segment, so the portfolio is concentrated in one country and one sector rather than reflecting the broader Chinese equity market.
China's internet industry covers a wide range of digital businesses, and the index is designed to evolve as that universe changes. Index rebalances can shift the fund's holdings as companies enter or exit the investable universe over time. That design keeps $KWEB aligned with the current shape of the Chinese internet sector rather than locking in a fixed set of names.
3. iShares China Large-Cap ETF ($FXI)
iShares China Large-Cap ETF (FXI) share price over the last year: started at US$40.98, ended at US$33.96, a change of −17.1%. Range over the period: high US$41.75, low US$31.59. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$33.96 · Daily: -0.8% · AUM: US$4.06B · MER: 0.73%
iShares China Large-Cap ETF ($FXI) is designed to track the FTSE China 50 Index, which is made up of 50 of the largest and most liquid Chinese companies listed on the Hong Kong Stock Exchange. The index concentrates on scale – the companies included are chosen for size and trading activity, giving the fund a relatively narrow but prominent slice of the Chinese equity market.
Because the portfolio holds just 50 names, $FXI is more concentrated than broader China indices. That construction means a handful of large companies can have an outsized effect on how the fund moves.
4. Invesco China Technology ETF ($CQQQ)
Invesco China Technology ETF (CQQQ) share price over the last year: started at US$58.20, ended at US$46.44, a change of −20.2%. Range over the period: high US$60.47, low US$44.72. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$46.44 · Daily: -0.3% · AUM: US$2.62B · MER: 0.65%
Invesco China Technology ETF ($CQQQ) is designed to track the FTSE China Incl A 25% Technology Capped Index, which concentrates on technology-sector companies in the Chinese market. The fund aims to hold at least 90% of its assets in the index's constituent securities, and it can also include American depositary receipts (ADRs) and global depositary receipts (GDRs) that represent those same underlying companies. ADRs and GDRs are certificates issued by banks that allow non-domestic shares to trade on other exchanges, so the fund's reach extends across different listing venues rather than a single market.
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5. Xtrackers Hvst CSI 300 China A Shs ETF Class A ($ASHR)
Xtrackers Hvst CSI 300 China A Shs ETF Class A (ASHR) share price over the last year: started at US$32.84, ended at US$33.09, a change of +0.8%. Range over the period: high US$37.30, low US$31.48. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$33.09 · Daily: -0.3% · AUM: US$1.41B · MER: 0.65%
Xtrackers Hvst CSI 300 China A Shs ETF Class A ($ASHR) aims to track the CSI 300 Index, which is designed to reflect the performance of China's A-share market. A-shares are stocks listed on mainland Chinese exchanges – the Shanghai and Shenzhen markets – rather than in Hong Kong or overseas. The index is composed of the 300 largest and most liquid names in that market, so $ASHR's portfolio is concentrated on the biggest companies trading onshore in China.
6. WisdomTree China ex-State-Owned Enterprises Fund ($CXSE)
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) share price over the last year: started at US$44.27, ended at US$35.79, a change of −19.2%. Range over the period: high US$45.34, low US$35.78. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$35.79 · Daily: -0.9% · AUM: US$460.4M · MER: 0.32%
The WisdomTree China ex-State-Owned Enterprises Fund ($CXSE) aims to track the WisdomTree China ex-State-Owned Enterprises Index. It's a float-adjusted, market cap weighted index built from Chinese common stocks. The index screens out any company where the government holds more than 20% of shares. That leaves $CXSE holding only stocks that sit outside state control.
7. State Street SPDR S&P China ETF ($GXC)
State Street SPDR S&P China ETF (GXC) share price over the last year: started at US$104.28, ended at US$87.11, a change of −16.5%. Range over the period: high US$106.67, low US$85.90. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$87.11 · Daily: -0.5% · AUM: US$458.3M · MER: 0.59%
The State Street SPDR S&P China ETF ($GXC) is designed to track the S&P/Citigroup BMI (Broad Market Index) China Index, a benchmark built around the Chinese composite equity market. The fund takes a passive approach, aiming to replicate that index's total return performance as closely as possible. Because the index draws from the broader composite market rather than a narrower large-cap slice, the fund is intended to cover a wider cross-section of Chinese equities.
$GXC's holdings shift as the index rebalances, rather than through active stock selection. That means the portfolio's composition reflects the index's own weighting methodology, not a fund manager's view on individual Chinese companies.
8. Franklin FTSE China ETF ($FLCH)
Franklin FTSE China ETF (FLCH) share price over the last year: started at US$25.78, ended at US$20.78, a change of −19.4%. Range over the period: high US$26.40, low US$20.27. Source: Stake market data. Past performance is not a reliable indicator of future performance.
Price: US$20.78 · Daily: -0.5% · AUM: US$304.4M · MER: 0.19%
The FTSE China RIC Capped Index is designed to measure the performance of Chinese large- and mid-capitalisation stocks, and Franklin FTSE China ETF ($FLCH) aims to track it as closely as possible. The 'capped' structure is intended to limit the weight any single holding can take within the index. At least 80% of the fund's assets sit in the index's component securities. The fund charges a 0.19% MER.
The large- and mid-cap scope covers the more established end of the Chinese equity market, rather than smaller or earlier-stage companies.
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Common questions
How do I invest in Chinese ETFs in New Zealand?
All eight funds in this list trade on U.S. exchanges, so you'll need a share trading platform with access to U.S. markets. Once you have an account, you search by ticker and place an order the same way you would for any other U.S.-listed security. Each fund trades throughout the day at market prices rather than at a single end-of-day price.
What are the key risks of Chinese ETFs?
Some of the key risks involve regulatory and political exposure – the Chinese government can intervene directly in specific industries, and policy changes can move quickly. Geopolitical tensions between China and other major economies add a further layer of uncertainty. For NZ investors, movements in the NZD/USD exchange rate affect what a purchase costs and what proceeds are worth in New Zealand dollars. The sector-focused funds here – those concentrated in internet or technology companies – carry more exposure to industry-specific regulatory action than the broader market funds do.
What types of China ETFs are in this list?
The eight funds here fall into a few distinct groups. Several aim to track the broader Chinese equity market across a wide range of industries, while $KWEB concentrates on internet companies and $CQQQ on the technology sector. $ASHR tracks mainland China's A-share market, giving exposure to stocks that most internationally accessible funds don't hold. $CXSE takes a different approach, screening out companies where government ownership exceeds 20%, so its holdings lean toward privately run businesses.
Disclaimer
Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.
This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.
Please refer to hellostake.com/pricing for the fees that apply. When you trade securities priced in another currency, currency conversion fees may apply and movements in the exchange rate may affect your returns.
Stake Desk
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This article combines AI and human review from our analysts to bring you accurate, informative investing content at speed. For questions or suggestions, contact stakedesk@stake.com.au.
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