automaticeye

Pause For Concern On Chinese Currency ETN

Questions because I don't know the answers:
Why not invest then in Chinese ADR's to gain exposure to some of this appreciation? Blue Chip Chinese Companies that get most or all of their Revenue from Mainland China?
How will the HKD move with the move up in RMB? You can get HKD from E*Trade although it pays 0% as well. From there you can invest in securities locally (Hong Kong Market) or leave the currency in HKD.
While these options are more loosely tied to the direct investment in RMB, should some of the currency effect apply over the long-term (in years)?