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The PowerShares Golden Dragon Halter USX China Portfolio has begun trading on the American Stock Exchange as PJX. The fund mirrors PowerShares Capital Management’s Halter USX China Index, which invests in companies that are listed in the United States but derive the bulk of their revenues from China.

This unique combination means that the investments are less risky, since the companies must comply with domestic securities regulation, but tap into the growing market of China.

"The stocks that make up the Halter USX China Index are required to abide by the regulatory and reporting requirements of the U.S.-regulated securities markets," said Tim Halter, co-managing director and co-founder of the index. "These regulations include requirements for minimum corporate governance, disclosure and accounting standards."

The companies must have market capitalization greater than $50 million (based on the average closing price over the previous 40 days), trade on either the NYSE, Nasdaq, or Amex, and do most of their business in China.

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