The China Concept Index rose 4.4% for the year, YINN rose 36%, Kingsoft Cloud rose over 177%, GDS rose 160%, and Nio fell over 50%

The Nasdaq Golden Dragon China Index closed up 0.39% at 6763.26 points, with a cumulative increase of 4.43% in 2024.

In the ETFs, the China Technology Index ETF (CQQQ) closed down 1.70%, with a cumulative increase of 9.84% for the year; the FTSE China 3x Long ETF (YINN) closed down 0.46%, with a cumulative increase of 36.06% for the year; the China Internet Index ETF (KWEB) closed up 0.45%, with a cumulative increase of 12.01% for the year