This is tied not just to financials in China but also because Beijing might make a play for Wall Street. The Federal Reserve has now allowed 3 Chinese banks to come into the US and set up shop. These 3 are positioned 1, 2, and 4 in this ETF. There are about 22 bank positions in this one. The biggest one is Industrial Bank of China, which has $2.7 trillion of US assets.
Global X China Financials is a American stock, trading under the symbol CHIX-N on the NYSE Arca (CHIX). It is usually referred to as AMEX:CHIX or CHIX-N
In the last year, there was no coverage of Global X China Financials published on Stockchase.
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In the last year 0 stock analysts on Stockchase covered Global X China Financials. The stock is worth watching.
On 2024-02-16, Global X China Financials (CHIX-N) stock closed at a price of $10.28.
(A Top Pick Nov 27/13. Down 5.64%.) Feels this has established a pretty good bottom at around $12.50. Chart shows a good support. This has 3 really large Chinese banks and they have been given approval by the federal reserve in the US, the open branches of their bank in the US. You are going to see the time when Chinese banks are buying US banks.