The China Concept Index closed down more than 1.5%, YINN fell 3% but rebounded over 4% this week, Bilibili closed down 2.7%, Kingsoft Cloud rose over 23%, and WiMi Hologram Cloud rose over 77%

The Nasdaq Golden Dragon China Index closed down 1.54% at 6867.49 points, with a cumulative increase of 0.57% this week.

Among ETFs, the FTSE China 3x Long ETF (YINN) closed down 3.00%, rebounding 4.17% this week; the China Internet Index ETF (KWEB) closed down 1.39%, with a cumulative decline of 0.58% this week after a 5.44% pullback last week; the China Technology Index ETF (CQQQ) closed down 0.71%, falling 0.61% this week, while the FTSE China 3x Short ETF (YANG) closed up 3.12%, down 5.12% this week