Chinese stocks have rebounded strongly over the past few days as Beijing announced easing of zero-covid policies and support for the struggling housing market. Monday’s meeting between President Biden and Chinese leader Xi also generated hopes of easing of tensions between the two countries. 

Investors cheered relaxation of pandemic controls since they had massively disrupted supply chains. A $34 billion funding program to ease a severe cash crunch in the housing sector sent shares of real estate companies soaring.

Given how oversold these stocks were, an impressive rebound makes a lot of sense.  In the near term, these stocks will continue to be driven by geopolitical and regulatory headlines than by fundamentals.

The iShares MSCI China ETF (MCHI Quick QuoteMCHI - Free Report) provides broad market-cap weighted exposure to Chinese stocks. Tencent (TCEHY Quick QuoteTCEHY - Free Report) , Alibaba (BABA Quick QuoteBABA - Free Report) and JD.com (JD Quick QuoteJD - Free Report) are among the top holdings.

The KraneShares CSI China Internet ETF (KWEB Quick QuoteKWEB - Free Report) holds Chinese internet companies listed in both the US and Hong Kong. It is still down about 27% so far this year even after the recent rally.

To learn more about MCHI, KWEB and the Global X MSCI China Real Estate ETF (CHIR Quick QuoteCHIR - Free Report) , please watch the short video above.