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Chinese Stocks

Wonder if UTVG and CNEH movements have anything to do with this article
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HONG KONG (MarketWatch) -- Chinese banking and securities regulators signed an agreement with their U.S. counterparts Monday that will help lay the groundwork to enable mainland investors buy and sell U.S. securities, according to multiple reports.
Under the plan, Chinese banks will be able to buy U.S.-listed stocks and mutual funds for their clients.
The agreement signed between the U.S. Securities and Exchange Commission and the China Banking Regulatory Commission marks a further expansion of the Qualified Domestic Institutional Investor program (QDII) , and brings the U.S. in line with similar agreements signed between Beijing regulators and counterparts in Singapore, Hong Kong, Japan and the U.K.
"It's significant in the sense that in the long run Chinese money will invest in the U.S., but this is just part of the ongoing process," said Lan Xue, Citigroup's head of China Research in Hong Kong.
The QDII program enables authorized financial institutions in China to channel investors' funds abroad under approved products such as equity funds.