Five Chinese tech-focused ETFs launched on Friday, testing investor appetite for chipmakers, new materials producers and machine tool manufacturers amid an escalating Sino-U.S. tech war, and a global rout in tech shares.

The new batch of exchange-traded funds (ETFs) were given regulatory approval at record pace over the weekend, in an apparent effort by authorities to bolster battered tech stocks ahead of the politically key Communist Party Congress next month.

New China ETFs test investor appetite amid Sino-U.S. tech war, market rout comes via ChinaTechNews.com.