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China Galaxy Securities said in a research note that oil prices have retreated since mid‑June and civil aviation passenger declines in weeks 24–25 of 2026 have narrowed to single digits. With July domestic aviation fuel surcharges and gasoline prices

2026-07-05

China Galaxy Securities said in a research note that oil prices have retreated since mid‑June and civil aviation passenger declines in weeks 24–25 of 2026 have narrowed to single digits. With July domestic aviation fuel surcharges and gasoline prices expected to fall back toward pre‑war levels and autumn holidays Imminent, Q3 travel passenger growth is likely to turn positive, supporting marginal earnings improvement across the travel sector.

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2026-07-05

Nomura says the global storage industry’s core imbalance is a severe supply shortage and AI-driven structural demand growth has not yet peaked. Investor fears of an imminent glut supply are materially overblown, and recent market weakness could offer

Nomura says the global storage industry’s core imbalance is a severe supply shortage and AI-driven structural demand growth has not yet peaked. Investor fears of an imminent glut supply are materially overblown, and recent market weakness could offer a window to reassess storage valuations. Nomura notes semiconductor capex-to-capacity conversion is very slow; a Korean investment plan of about 4,800 trillion won will take at least 5–10 years to translate into actual capacity. High-margin HBM (high-bandwidth memory) is crowding out general-purpose memory capacity, further tightening supply. Nomura adds Meta’s recent decision is not an inflection point for weaker AI hardware demand; Meta bringing compute to market may help stabilize and push down per-token prices that have risen amid current compute shortages.
2026-07-05

CPCA secretary-general Cui Dongshu said on July 5 the recent adjustment to vehicle-and-vessel tax for energy‑saving and new‑energy vehicles is a landmark step toward implementing parity between fuel and electric vehicles and marks the new‑energy sect

CPCA secretary-general Cui Dongshu said on July 5 the recent adjustment to vehicle-and-vessel tax for energy‑saving and new‑energy vehicles is a landmark step toward implementing parity between fuel and electric vehicles and marks the new‑energy sector’s move from policy support to market‑based maturity via tax optimization. He said the reform favors full electrification, aligns with the auto industry’s long‑term high‑quality and market‑balanced development, and that parity should be implemented by calibrating taxes to technical attributes, emissions and usage scenarios to match responsibilities and ensure fair tax burdens rather than by blunt equalization.
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