If that proves to be the case, the Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) will be an ETF to watch for tactical short-term traders. CWEB attempts to deliver 200% of the daily returns of the CSI Overseas China Internet Index — a widely followed gauge of China internet stocks. It remains to be seen if the CXMT IPO is enough to renew global investors’ interest in China stocks. After all, the ETF’s index is home to what some experts believe are top China stocks to own. In Morningstar’s recent ranking of the top China stocks, both Alibaba (BABA) and Tencent (TCEHY) made the cut.