diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7cfac15899..e97c0c5540 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,26 @@
+## [2.7.4](https://github.com/vuejs/vue/compare/v2.7.3...v2.7.4) (2022-07-08)
+
+
+### Bug Fixes
+
+* **build:** fix mjs dual package hazard ([012e10c](https://github.com/vuejs/vue/commit/012e10c9ca13fcbc9bf67bf2835883edcd4faace)), closes [#12626](https://github.com/vuejs/vue/issues/12626)
+* **compiler-sfc:** use safer deindent default for compatibility with previous behavior ([b70a258](https://github.com/vuejs/vue/commit/b70a2585fcd102def2bb5a3b2b589edf5311122d))
+* pass element creation helper to static render fns for functional components ([dc8a68e](https://github.com/vuejs/vue/commit/dc8a68e8c6c4e8ed4fdde094004fca272d71ef2e)), closes [#12625](https://github.com/vuejs/vue/issues/12625)
+* **ssr/reactivity:** fix array setting error at created in ssr [[#12632](https://github.com/vuejs/vue/issues/12632)] ([#12633](https://github.com/vuejs/vue/issues/12633)) ([ca7daef](https://github.com/vuejs/vue/commit/ca7daefaa15a192046d22d060220cd595a6a275f))
+* **types:** fix missing instance properties on defineComponent this ([f8de4ca](https://github.com/vuejs/vue/commit/f8de4ca9d458a03378e848b1e62d6507f7124871)), closes [/github.com/vuejs/vue/issues/12628#issuecomment-1177258223](https://github.com//github.com/vuejs/vue/issues/12628/issues/issuecomment-1177258223)
+* **types:** fix this.$slots type for defineComponent ([d3add06](https://github.com/vuejs/vue/commit/d3add06e6e18a78a3745240632fecd076eb49d19))
+* **types:** fix type inference when using components option ([1d5a411](https://github.com/vuejs/vue/commit/1d5a411c1e3aa062aa5080432cf3f852f1583ed2))
+* **types:** global component registration type compat w/ defineComponent ([26ff4bc](https://github.com/vuejs/vue/commit/26ff4bc0ed75d8bf7921523a2e546df24ec81d8f)), closes [#12622](https://github.com/vuejs/vue/issues/12622)
+* **watch:** fix watchers triggered in mounted hook ([8904ca7](https://github.com/vuejs/vue/commit/8904ca77c2d675707728e6a50decd3ef3370a428)), closes [#12624](https://github.com/vuejs/vue/issues/12624)
+
+
+### Features
+
+* defineAsyncComponent ([9d12106](https://github.com/vuejs/vue/commit/9d12106e211e0cbf33f9066606a8ff29f8cc8e8d)), closes [#12608](https://github.com/vuejs/vue/issues/12608)
+* support functional components in defineComponent ([559600f](https://github.com/vuejs/vue/commit/559600f13d312915c0a1b54ed4edd41327dbedd6)), closes [#12619](https://github.com/vuejs/vue/issues/12619)
+
+
+
 ## [2.7.3](https://github.com/vuejs/vue/compare/v2.7.2...v2.7.3) (2022-07-06)
 
 
diff --git a/package.json b/package.json
index 29c5ec3b67..10d852d4db 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "2.7.3",
+  "version": "2.7.4",
   "packageManager": "pnpm@7.1.0",
   "description": "Reactive, component-oriented view layer for modern web interfaces.",
   "main": "dist/vue.runtime.common.js",
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index 2cf6872ed9..eb5a596719 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "2.7.3",
+  "version": "2.7.4",
   "description": "compiler-sfc for Vue 2",
   "main": "dist/compiler-sfc.js",
   "types": "dist/compiler-sfc.d.ts",
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index e791637f9c..a296a8bfc3 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue-server-renderer",
-  "version": "2.7.3",
+  "version": "2.7.4",
   "description": "server renderer for Vue 2.0",
   "main": "index.js",
   "types": "types/index.d.ts",
diff --git a/packages/template-compiler/package.json b/packages/template-compiler/package.json
index 5d2a22ad2d..2f8e92fa83 100644
--- a/packages/template-compiler/package.json
+++ b/packages/template-compiler/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue-template-compiler",
-  "version": "2.7.3",
+  "version": "2.7.4",
   "description": "template compiler for Vue 2.0",
   "main": "index.js",
   "unpkg": "browser.js",