On Thursday, Roundhill Investments launched a new ETF tracking leading Chinese concept stocks, named Roundhill China Dragons ETF, $Roundhill China Dragons ETF(DRAG.US). It aims to track an equally weighted basket of 5 to 10 of the largest and most innovative Chinese tech companies. At launch, it included nine mega-cap tech firms. Roundhill previously introduced the $Magnificent Seven ETF - Roundhill(MAGS.US), which tracks the U.S. "Magnificent Seven" stocks and has surged 40% this year. Can Roundhill replicate this "legend" with its new "China Dragons" ETF?

Currently, the ETF's holdings include $Tencent(TCEHY.US), $PDD(PDD.US), $Alibaba(BABA.US), $Meituan(MPNGY.US), $BYD Company(BYDDY.US), $Xiaomi Corporation(XIACY.US), $JD.com(JD.US), $Baidu(BIDU.US), and $NetEase(NTES.US)—all well-known representatives of Chinese tech stocks. Heavyweight holdings like Tencent, Alibaba, and Meituan have seen their shares rise between 48% and 148% this year. According to Roundhill, these nine large-cap tech companies collectively demonstrate competitive advantages through economies of scale, solid fundamentals, and faster growth compared to peers.

For more China asset-related ETFs, visit: China Concept Stocks Are Hot—How to Trade Chinese Assets 24/7 via ETFs - LongPort