"It's time to invest in Hong Kong, which is the gateway to China," says Mark Skousen, who looks to the iShares MSCI Hong Kong ETF (NYSE: EWH).

In his High Income Alert, the leading advisor explains, "While China's stock markets are wild, illiquid and unregulated, the Hong Kong market is among the freest and most transparent in the world."

"iShares Hong Kong, an exchange-traded fund, replicates the performance of the Hong Kong market. And I like the outlook here, as Hong Kong is home to many of the premier companies in the region.

With its own economic stimulus program in place, a relatively stable banking system, and a stock market that has been resilient in recent months, numerous leading global investment advisors are looking bullishly towards China.

From technology to power, and from individual stocks to ETFs, and from Hong Kong to Taiwan to mainland China, we turn to seven leading advisors for their favorite ways for US investors to take a stake in Asia.

"We're excited about the prospects for participation in the dynamic Hong Kong stock market through the iShares MSCI Hong Kong Index (ASE: EWH), our latest new buy," says Jim Trippon.

In his China Stock Digest, the advisor explains, "The ETF provides us with access to the Hong Kong Exchange's best equities, stocks which are usually inaccessible to foreign investors."

"This exchange-traded fund provides many of the benefits usually attributed to a mutual fund without the high expense ratio that some funds charge. As an ETF, the shares can be bought and sold as quickly and easily as any stock on the New York Stock Exchange.

"EWH uses a 'passive' or indexing investment approach, which attempts to approximate the investment performance of its benchmark index compiled by Morgan Stanley Capital International (MSCI).

"The EWH Fund does not match exactly the high-flying and well-known Hang Seng Index, which continues to set records, topping the 30,000 mark in October. In tracking the Morgan Stanley Capital International Index, EWH is based on a portfolio of large cap, value-oriented equities.