Shanghai Stock Exchange data: June 2026 new A-share accounts totaled 2.8646 mln, up 3.59% MoM and 73.99% YoY. YTD new accounts through June totaled 20.1614 mln, up 60.04% YoY.

U.S. special envoy Matthew Whitaker warned ahead of a summit with President Trump in Ankara that some European NATO members are not meeting defense-spending commitments. Under U.S. pressure, NATO leaders agreed at The Hague last year to raise defense-related spending to 5% of GDP by 2035. Whitaker said Poland, the Nordic countries, the Baltic states and Germany are leading, but several allies are lagging either because current spending is insufficient or because they have no credible path to meet the Hague pledge. He said Trump expects all allies to move immediately toward the 5% target and to act quickly.

At a July 1 investor call attended by over 900 participants, Sungrow said the global energy-storage market will expand sharply this year, with Europe stronger than expected. It said financing restrictions by some EU banks on projects using Chinese inverters affect roughly 20% of the European market and have limited impact on Sungrow because the company has low participation in those projects. Falling lithium carbonate prices are increasing demand for long-duration storage, and Sungrow now expects European market growth about 10% above prior forecasts.