China may be on holiday, but investors abroad are staying active. From Oct. 1 to Oct. 7, as the world’s factory celebrates National Day, the country’s mainland exchanges will be closed — leaving only the Hong Kong stock market open. This comes after a weeks-long rally fueled in part by record economic stimulus and renewed investor interest. China has seen its best trading performance since 2008, and financial backers are still betting on whether the rally will continue or end.

• Since the start of the week, popular Chinese ETFs like the iShares MSCI China ETF ($MCHI) and KraneShares CSI China Internet ETF ($KWEB) have drawn in $386M and $1B in inflows, according to etf.com.
• During the same period, shares ofMCHI
  andKWEB
  have risen 8% and 10%, respectively.

We’ll be back after these brief messages: When China returns from holiday, investors will have to digest whether the recent gains in Chinese stocks — ~30% in September — are sustainable. As analysts expect, a key factor will be whether China introduces more stimulus. One economic insider speculates China might consider a ¥10T special debt offering (USD $1.4T). However, past stimulus packages haven’t necessarily addressed China’s systemic issues or delivered lasting returns.