The "Hype" is based on the following.
The Hong Kong Hang Seng Index [$HSI] is currently operating in a Golden Cross state. By that I mean the lower moving average [50 day] crossed over the longer moving average 200 day. This crossover occurred on or about 9/13 or 9/14/12. Bullish country.
The same can be said about FXI and also by other technical indicators that support this latest Bullish trend.