Two new exchange-traded funds (ETFs) are targeting the Chinese market using contrasting strategies. The Roundhill China Dragons ETF focuses on nine large companies that resemble U.S. tech giants and has seen a nearly 5% decline since its launch on October 3. In contrast, the Rayliant Quantamental China Equity ETF, in operation since 2020, emphasizes local shares that might be lesser-known to U.S. investors but offer high growth potential, boasting a 24% increase this year. Roundhill's CEO Dave Mazza highlights the ETF's focus on significant companies, while Rayliant's Jason Hsu promotes access to local names that can yield substantial returns. Hsu notes that non-tech sectors, like restaurant chains, might outperform tech stocks, reflecting a different growth narrative in China. The differing growth trajectories and investment focuses of these ETFs illustrate the complexities of investing in the Chinese market.