CITIGROUP research note: Li Auto (02015.HK) launched the updated L8 overnight; the model adds capabilities but discontinues a six‑seat option. Citigroup estimates debut‑month orders around 8,500, settling to monthly sales of 5,000–6,000 driven by trade‑up demand. BYD (01211.HK) unveiled the revised Denza N8L overnight; price is up RMB20,000 versus the previous model, reflecting a larger battery (72.26 kWh) and a 430 km pure‑electric range, with features otherwise similar; projected monthly sales

The offices of the Ministry of Industry and Information Technology, the Ministry of Finance and the National Financial Regulatory Administration jointly issued a notice implementing the 2026 first-unit (set) major technical equipment insurance compensation policy. Coverage extends to all fields in the Guiding Catalogue for Promotion and Application of First Unit (Set) Major Technical Equipment (2024 edition). In principle, complete machines will be supported on a unit (set) basis; core systems, key components, major equipment key supporting items and basic parts will be supported in principle on a batch basis. Lower-value single-unit machines—such as high-end industrial machine tools, specialized electronic equipment, new agricultural machinery and precision instruments—may be supported by batch; higher-value single items—such as aero engines, ship engines and other high-value core systems or key components—may be supported on a unit (set) basis.

Bank of England Monetary Policy Committee member Taylor said the central bank must guard against 'short-term bias' to avoid repeating past mistakes.