HSBC lowers NetEase (NTES.O) price target to $150 from $162.

Domestic smartphone vendors have raised retail prices due to rising global storage and other semiconductor component costs. Shenzhen retail checks show summer foot traffic up and price adjustments mostly 300–1,000 yuan, with some high-end models up more than 1,000 yuan. Brand stores are using national trade-in subsidies to lower purchase thresholds. Industry sources say the increases reflect component-cost pressure and vendor product-strategy adjustments, and expect storage-chip supply tightness to persist.

Sichuan provincial government office issued a plan to scale deployment of new‑energy freight trucks, targeting a fleet exceeding 40,000 by end‑2027. The plan calls for use of the large‑scale equipment renewal policy and seeks funding from national ultra‑long special sovereign bond proceeds to back scrapping and replacement of eligible old commercial trucks with new‑energy trucks and to support purchases of new‑energy urban cold‑chain delivery vehicles.