HSBC lowered its target price for Pfizer (PFE.N) from $32 to $28.

Important News 1. Major adjustments to A-share trading rules begin today. 2. China Securities Regulatory Commission (CSRC): The upper limit for small-scale, rapid financing by listed companies on the Shanghai and Shenzhen Stock Exchanges has been raised from 300 million yuan to 600 million yuan, provided the planned financing scale does not exceed 20% of net assets. 3. People's Bank of China (PBOC): A 1 trillion yuan reverse repurchase operation will be conducted on July 6th, with a term of 3 months. 4. PBOC and two other departments: Key information infrastructure in important industries and sectors such as finance will be given priority protection. 5. Three departments: Adjustments to preferential policies for vehicle and vessel taxes on energy-saving vehicles and new energy vehicles. 6. Minister of Science and Technology Yin Hejun: Accelerate the development of strategic emerging industry clusters such as new energy, new materials, aerospace, and low-altitude economy. 7. Further clarification of the rights and obligations of all parties involved in the platform economy; a new version of the E-commerce Law is open for public comment. 8. China's logistics industry prosperity index rose to 50.6% in June, with balanced growth across regions. Individual Stock News 1. Jiangbolong: Net profit for the first half of the year is expected to increase by 62,204.03% to 74,393.95% year-on-year. 2. Dongyue Silicon Material: Net profit for the first half of the year is expected to increase by 904.88% to 952.28% year-on-year, driven by rising prices of major products in the organosilicon industry. 3. Hangzhou Electric Power: Net profit for the first half of 2026 is expected to increase by 852.03% to 957.82% year-on-year, driven by increased demand and price for optical fiber products. 4. Zhongji Xuchuang: Market rumors that the company's upstream material, luminescent film, has been blocked are untrue. 5. Montage Technology: Plans to complete the engineering R&D of its third-generation MRCD/MDB chip this year. 6. Dongxin Technology: Price increases for niche memory products continued in Q2, and prices are expected to continue rising in the second half of the year. 7. Fusai Technology: The company's robot component business has not yet generated formal orders. 8. CATL signed a strategic cooperation agreement with Beijing Green Exchange and others. 9. PENGDING HOLDING: Plans to raise no more than 9.6 billion yuan through a private placement to fund the Qingding AI server and high-speed optical module high-density interconnect laminate project. 10. Tinci Materials: Nantong Tinci terminates its 243,000-ton-per-year lithium battery and fluorine-containing new material project. 11. TONGJING Technology: Plans to acquire a controlling stake in Wuxi Shangji Semiconductor Technology Co., Ltd.; its stock remains suspended from trading. 12. LONGi Technology: Plans to acquire 100% equity of Northstar Technologies Limited for US$10 million, bringing its storage testing equipment technology to China. 13. OLED: Expects first-half net profit to increase by 492%-604% year-on-year. 14. CITIC Haitong: Expects first-half net profit to increase by 27% to 30% year-on-year. 15. China Merchants Energy Shipping: First-half net profit expected to increase by 214%-248% year-on-year. 16. YONGDING AG: First-half net profit expected to increase by 57%-120% year-on-year. 17. Tianshan Aluminum: Net profit for the first half of the year is expected to increase by 102% year-on-year, with both volume and price of high-purity aluminum and aluminum foil products rising. 18. Zhaojin Gold: Significant fluctuations in gold prices in the future will have a substantial impact on the company's operating performance.

European Commission President Ursula von der Leyen: We are working to finalize the 21st round of sanctions against Russia.