Shenzhen Component: highest level in 11 years
The Shenzhen Component index finished up 2.13% after the Dragon Boat Festival holiday, marking its highest point in 11 years.
Snapshot · The Prof G Pod with Scott Galloway
China Decode: Hong Kong's AI Crackdown, Lululemon’s Marketing Backlash, and World Cup Fever
Explore episode
Jun 23, 2026
Where this was said
Episode Introduction & China Market Check
At 3:05 · chapter starts 2:03
Alice Han and James Kynge open China Decode with the week's agenda: AI restrictions in Hong Kong, Lululemon's cultural misstep, and World Cup fever without a Chinese team. Before diving in, Alice delivers a market snapshot: Chinese equities surged after the Dragon Boat Festival holiday, with the Shanghai Composite up 1.78% and the Shenzhen Component up 2.13% — its highest level in 11 years. The People's Bank of China held rates steady. Notable gainers included Bank of China (+2.8%), semiconductor equipment firm Nara Technology (+3.3%), and electric battery maker CATL (+4.4%).
Shanghai Composite closed up 1.78% post-Dragon Boat Festival
Following the Dragon Boat Festival holiday, the Shanghai Composite closed up 1.78% and the Shenzhen Component hit its highest level in 11 years.
JPMorgan Cuts Hong Kong Off from Anthropic's Claude
JPMorgan Chase has barred its Hong Kong employees from accessing Anthropic's AI models, following a similar move by Goldman Sachs. What looks like a compliance decision is actually a geopolitical statement: Hong Kong is no longer treated as a separate jurisdiction by U.S. firms.
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