diff --git a/CHANGELOG.md b/CHANGELOG.md
index d523b6731..b6198388d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,136 @@
+# [3.4.0-beta.1](https://github.com/vuejs/core/compare/v3.3.11...v3.4.0-beta.1) (2023-12-13)
+
+
+### Bug Fixes
+
+* **compiler-core:** use the same resolved options for all compile stages ([#9760](https://github.com/vuejs/core/issues/9760)) ([0dc875d](https://github.com/vuejs/core/commit/0dc875d53e5d869b44d0c1a70736ec859337b58f))
+* **hydration:** should not warn mismatch for nullish prop ([33159a5](https://github.com/vuejs/core/commit/33159a5916bf7686fe53517befa59b450b34e974))
+* **hydration:** swap client/server labels for hydration mismatch warnings ([f41fd86](https://github.com/vuejs/core/commit/f41fd86d5f26bd0009b4ca285ddc3cefaafa9f7c)), closes [#9098](https://github.com/vuejs/core/issues/9098) [#5953](https://github.com/vuejs/core/issues/5953)
+* **runtime-core:** fix suspense crash when patching non-resolved async setup component ([#7290](https://github.com/vuejs/core/issues/7290)) ([bb0c889](https://github.com/vuejs/core/commit/bb0c8899cadd03af22e23c0383aaab363635c5b4)), closes [#5993](https://github.com/vuejs/core/issues/5993) [#6463](https://github.com/vuejs/core/issues/6463) [#6949](https://github.com/vuejs/core/issues/6949) [#6095](https://github.com/vuejs/core/issues/6095) [#8121](https://github.com/vuejs/core/issues/8121)
+* **runtime-core:** properly pop warning context when mounting components with async setup ([69a2acc](https://github.com/vuejs/core/commit/69a2acc6ea159da8300a68ecc8953f19932c251b))
+* **ssr:** fix suspense hydration of fallback content ([#7188](https://github.com/vuejs/core/issues/7188)) ([60415b5](https://github.com/vuejs/core/commit/60415b5d67df55f1fd6b176615299c08640fa142))
+* **ssr:** make isInSSRComponentSetup state sharable across copies of Vue ([e04d821](https://github.com/vuejs/core/commit/e04d821422102446704e223c03e50d26cbb1fe69))
+* **Suspense:** handle switching away from kept-alive component before resolve ([aa0c13f](https://github.com/vuejs/core/commit/aa0c13f637df7eb27faa2545ee731f543c0813ec)), closes [#6416](https://github.com/vuejs/core/issues/6416) [#6467](https://github.com/vuejs/core/issues/6467)
+* **Suspense:** properly fix [#6416](https://github.com/vuejs/core/issues/6416) ([0db336f](https://github.com/vuejs/core/commit/0db336ff6c640fb9d3e48943c69f4c1737412be4))
+* **types:** add `xmlns:xlink` to `SVGAttributes` ([#9300](https://github.com/vuejs/core/issues/9300)) ([0d61b42](https://github.com/vuejs/core/commit/0d61b429ecf63591d31e09702058fa4c7132e1a7)), closes [#9299](https://github.com/vuejs/core/issues/9299)
+* **types:** support for generic keyof slots ([#8374](https://github.com/vuejs/core/issues/8374)) ([213eba4](https://github.com/vuejs/core/commit/213eba479ce080efc1053fe636f6be4a4c889b44))
+
+
+### Features
+
+* **compiler-core:** add current filename to TransformContext ([#8950](https://github.com/vuejs/core/issues/8950)) ([638f1ab](https://github.com/vuejs/core/commit/638f1abbb632000553e2b7d75e87c95d8ca192d6))
+* **compiler-sfc:** promote defineModel stable ([#9598](https://github.com/vuejs/core/issues/9598)) ([ef688ba](https://github.com/vuejs/core/commit/ef688ba92bfccbc8b7ea3997eb297665d13e5249))
+* **compiler-sfc:** support import attributes and `using` syntax ([#8786](https://github.com/vuejs/core/issues/8786)) ([5b2bd1d](https://github.com/vuejs/core/commit/5b2bd1df78e8ff524c3a184adaa284681aba6574))
+* **defineModel:** support local mutation by default, remove local option ([f74785b](https://github.com/vuejs/core/commit/f74785bc4ad351102dde17fdfd2c7276b823111f)), closes [/github.com/vuejs/rfcs/discussions/503#discussioncomment-7566278](https://github.com//github.com/vuejs/rfcs/discussions/503/issues/discussioncomment-7566278)
+* MathML support ([#7836](https://github.com/vuejs/core/issues/7836)) ([d42b6ba](https://github.com/vuejs/core/commit/d42b6ba3f530746eb1221eb7a4be0f44eb56f7d3)), closes [#7820](https://github.com/vuejs/core/issues/7820)
+* **runtime-core:** provide full props to props validator functions ([#3258](https://github.com/vuejs/core/issues/3258)) ([8e27692](https://github.com/vuejs/core/commit/8e27692029a4645cd54287f776c0420f2b82740b))
+* **ssr:** add `__VUE_PROD_HYDRATION_MISMATCH_DETAILS__` feature flag ([#9550](https://github.com/vuejs/core/issues/9550)) ([bc7698d](https://github.com/vuejs/core/commit/bc7698dbfed9b5327a93565f9df336ae5a94d605))
+* **ssr:** improve ssr hydration mismatch checks ([#5953](https://github.com/vuejs/core/issues/5953)) ([2ffc1e8](https://github.com/vuejs/core/commit/2ffc1e8cfdc6ec9c45c4a4dd8e3081b2aa138f1e)), closes [#5063](https://github.com/vuejs/core/issues/5063)
+* **types:** add emits and slots type to `FunctionalComponent` ([#8644](https://github.com/vuejs/core/issues/8644)) ([927ab17](https://github.com/vuejs/core/commit/927ab17cfc645e82d061fdf227c34689491268e1))
+* **types:** export AriaAttributes type ([#8909](https://github.com/vuejs/core/issues/8909)) ([fd0b6ba](https://github.com/vuejs/core/commit/fd0b6ba01660499fa07b0cf360eefaac8cca8287))
+* **types:** export ObjectPlugin and FunctionPlugin types ([#8946](https://github.com/vuejs/core/issues/8946)) ([fa4969e](https://github.com/vuejs/core/commit/fa4969e7a3aefa6863203f9294fc5e769ddf6d8f)), closes [#8577](https://github.com/vuejs/core/issues/8577)
+* **types:** expose `DefineProps` type ([096ba81](https://github.com/vuejs/core/commit/096ba81817b7da15f61bc55fc1a93f72ac9586e0))
+* **types:** expose `PublicProps` type ([#2403](https://github.com/vuejs/core/issues/2403)) ([44135dc](https://github.com/vuejs/core/commit/44135dc95fb8fea26b84d1433839d28b8c21f708))
+* **types:** improve event type inference when using `h` with native elements  ([#9756](https://github.com/vuejs/core/issues/9756)) ([a625376](https://github.com/vuejs/core/commit/a625376ac8901eea81bf3c66cb531f2157f073ef))
+* **types:** provide ComponentInstance type ([#5408](https://github.com/vuejs/core/issues/5408)) ([bfb8565](https://github.com/vuejs/core/commit/bfb856565d3105db4b18991ae9e404e7cc989b25))
+* **types:** support passing generics when registering global directives ([#9660](https://github.com/vuejs/core/issues/9660)) ([a41409e](https://github.com/vuejs/core/commit/a41409ed02a8c7220e637f56caf6813edeb077f8))
+
+
+### Performance Improvements
+
+* use sync watcher for defineModel local mode ([7e60d10](https://github.com/vuejs/core/commit/7e60d1058ff06e3d37c8608f3449453321220edc)), closes [/github.com/vuejs/rfcs/discussions/503#discussioncomment-7566278](https://github.com//github.com/vuejs/rfcs/discussions/503/issues/discussioncomment-7566278)
+
+
+
+# [3.4.0-alpha.4](https://github.com/vuejs/core/compare/v3.3.10...v3.4.0-alpha.4) (2023-12-04)
+
+
+### Bug Fixes
+
+* **compiler-core:** fix referencing typo ([#9708](https://github.com/vuejs/core/issues/9708)) ([3071de4](https://github.com/vuejs/core/commit/3071de44bc4bf669ab6b48fd8db8d728c30fdb0c))
+* **parser:** fix interpolation parsing in v-pre ([53aaa1e](https://github.com/vuejs/core/commit/53aaa1eb2876baf9de16b2f2c77b2c5fd5173900))
+* **parser:** properly set initial inXML state based on root ns ([47ea285](https://github.com/vuejs/core/commit/47ea285be3dcb66a83a593346995b5900d6c5478))
+* **parser:** should reset inRCDATA state ([ef97e8b](https://github.com/vuejs/core/commit/ef97e8b07d8350106c940f23679444b698832067))
+
+
+### Features
+
+* **compiler-core:** support accessing Error as global in template expressions ([#7018](https://github.com/vuejs/core/issues/7018)) ([bcca475](https://github.com/vuejs/core/commit/bcca475dbc58d76434cd8120b94929758cee2825))
+* **compiler-sfc:** analyze import usage in template via AST ([#9729](https://github.com/vuejs/core/issues/9729)) ([e8bbc94](https://github.com/vuejs/core/commit/e8bbc946cba6bf74c9da56f938b67d2a04c340ba)), closes [#8897](https://github.com/vuejs/core/issues/8897) [nuxt/nuxt#22416](https://github.com/nuxt/nuxt/issues/22416)
+* **compiler-sfc:** bump postcss-modules to v6 ([2a507e3](https://github.com/vuejs/core/commit/2a507e32f0e2ef73813705a568b8633f68bda7a9))
+* **compiler:** lift vnode hooks deprecation warning to error ([8abc754](https://github.com/vuejs/core/commit/8abc754d5d86d9dfd5a7927b846f1a743f352364))
+* use enum to replace const enum ([#9261](https://github.com/vuejs/core/issues/9261)) ([fff7b86](https://github.com/vuejs/core/commit/fff7b864f4292d0430ba2bda7098ad43876b0210)), closes [#1228](https://github.com/vuejs/core/issues/1228)
+
+
+
+# [3.4.0-alpha.3](https://github.com/vuejs/core/compare/v3.4.0-alpha.2...v3.4.0-alpha.3) (2023-11-28)
+
+
+### Bug Fixes
+
+* **parser:** directive arg should be undefined on shorthands with no arg ([e49dffc](https://github.com/vuejs/core/commit/e49dffc9ece86bddf094b9ad4ad15eb4856d6277))
+
+
+### Features
+
+* **dx:** link errors to docs in prod build ([#9165](https://github.com/vuejs/core/issues/9165)) ([9f8ba98](https://github.com/vuejs/core/commit/9f8ba9821fe166f77e63fa940e9e7e13ec3344fa))
+
+
+
+# [3.4.0-alpha.2](https://github.com/vuejs/core/compare/v3.3.9...v3.4.0-alpha.2) (2023-11-27)
+
+
+### Bug Fixes
+
+* avoid confusing breakage in @vitejs/plugin-vue ([ceec69c](https://github.com/vuejs/core/commit/ceec69c8ccb96c433a4a506ad2e85e276998bade))
+* **compiler-core:** fix line/column tracking when fast forwarding ([2e65ea4](https://github.com/vuejs/core/commit/2e65ea481f74db8649df8110a031cbdc98f98c84))
+* **compiler-sfc:** fix ast reuse for ssr ([fb619cf](https://github.com/vuejs/core/commit/fb619cf9a440239f0ba88e327d10001a6a3c8171))
+* **compiler-sfc:** support `:is` and `:where` selector in scoped css rewrite ([#8929](https://github.com/vuejs/core/issues/8929)) ([c6083dc](https://github.com/vuejs/core/commit/c6083dcad31f3e9292c687fada9e32f287e2317f))
+* **compiler-sfc:** use correct compiler when re-parsing in ssr mode ([678378a](https://github.com/vuejs/core/commit/678378afd559481badb486b243722b6287862e09))
+
+
+* feat!: remove reactivity transform (#9321) ([79b8a09](https://github.com/vuejs/core/commit/79b8a0905bf363bf82edd2096fef10c3db6d9c3c)), closes [#9321](https://github.com/vuejs/core/issues/9321)
+
+
+### Features
+
+* **compiler-core:** support specifying root namespace when parsing ([40f72d5](https://github.com/vuejs/core/commit/40f72d5e50b389cb11b7ca13461aa2a75ddacdb4))
+* **compiler-core:** support v-bind shorthand for key and value with the same name ([#9451](https://github.com/vuejs/core/issues/9451)) ([26399aa](https://github.com/vuejs/core/commit/26399aa6fac1596b294ffeba06bb498d86f5508c))
+* **compiler:** improve parsing tolerance for language-tools ([41ff68e](https://github.com/vuejs/core/commit/41ff68ea579d933333392146625560359acb728a))
+* **reactivity:** expose last result for computed getter ([#9497](https://github.com/vuejs/core/issues/9497)) ([48b47a1](https://github.com/vuejs/core/commit/48b47a1ab63577e2dbd91947eea544e3ef185b85))
+
+
+### Performance Improvements
+
+* avoid sfc source map unnecessary serialization and parsing ([f15d2f6](https://github.com/vuejs/core/commit/f15d2f6cf69c0c39f8dfb5c33122790c68bf92e2))
+* **codegen:** optimize line / column calculation during codegen ([3be53d9](https://github.com/vuejs/core/commit/3be53d9b974dae1a10eb795cade71ae765e17574))
+* **codegen:** optimize source map generation ([c11002f](https://github.com/vuejs/core/commit/c11002f16afd243a2b15b546816e73882eea9e4d))
+* **compiler-sfc:** remove magic-string trim on script ([e8e3ec6](https://github.com/vuejs/core/commit/e8e3ec6ca7392e43975c75b56eaaa711d5ea9410))
+* **compiler-sfc:** use faster source map addMapping ([50cde7c](https://github.com/vuejs/core/commit/50cde7cfbcc49022ba88f5f69fa9b930b483c282))
+* optimize away isBuiltInType ([66c0ed0](https://github.com/vuejs/core/commit/66c0ed0a3c1c6f37dafc6b1c52b75c6bf60e3136))
+* optimize makeMap ([ae6fba9](https://github.com/vuejs/core/commit/ae6fba94954bac6430902f77b0d1113a98a75b18))
+* optimize position cloning ([2073236](https://github.com/vuejs/core/commit/20732366b9b3530d33b842cf1fc985919afb9317))
+
+
+### BREAKING CHANGES
+
+* Reactivity Transform was marked deprecated in 3.3 and is now removed in 3.4. This change does not require a major due to the feature being experimental. Users who wish to continue using the feature can do so via the external plugin at https://vue-macros.dev/features/reactivity-transform.html
+
+
+
+# [3.4.0-alpha.1](https://github.com/vuejs/core/compare/v3.3.7...v3.4.0-alpha.1) (2023-10-28)
+
+
+### Features
+
+* **compiler-core:** export error message ([#8729](https://github.com/vuejs/core/issues/8729)) ([f7e80ee](https://github.com/vuejs/core/commit/f7e80ee4a065a9eaba98720abf415d9e87756cbd))
+* **compiler-sfc:** expose resolve type-based props and emits ([#8874](https://github.com/vuejs/core/issues/8874)) ([9e77580](https://github.com/vuejs/core/commit/9e77580c0c2f0d977bd0031a1d43cc334769d433))
+* export runtime error strings ([#9301](https://github.com/vuejs/core/issues/9301)) ([feb2f2e](https://github.com/vuejs/core/commit/feb2f2edce2d91218a5e9a52c81e322e4033296b))
+* **reactivity:** more efficient reactivity system ([#5912](https://github.com/vuejs/core/issues/5912)) ([16e06ca](https://github.com/vuejs/core/commit/16e06ca08f5a1e2af3fc7fb35de153dbe0c3087d)), closes [#311](https://github.com/vuejs/core/issues/311) [#1811](https://github.com/vuejs/core/issues/1811) [#6018](https://github.com/vuejs/core/issues/6018) [#7160](https://github.com/vuejs/core/issues/7160) [#8714](https://github.com/vuejs/core/issues/8714) [#9149](https://github.com/vuejs/core/issues/9149) [#9419](https://github.com/vuejs/core/issues/9419) [#9464](https://github.com/vuejs/core/issues/9464)
+* **runtime-core:** add `once` option to watch ([#9034](https://github.com/vuejs/core/issues/9034)) ([a645e7a](https://github.com/vuejs/core/commit/a645e7aa51006516ba668b3a4365d296eb92ee7d))
+
+
+
 ## [3.3.11](https://github.com/vuejs/core/compare/v3.3.10...v3.3.11) (2023-12-08)
 
 
diff --git a/package.json b/package.json
index 5d38cae71..307fd60ee 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "private": true,
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "packageManager": "pnpm@8.12.0",
   "type": "module",
   "scripts": {
diff --git a/packages/compiler-core/package.json b/packages/compiler-core/package.json
index 4a4e4cafb..e8ff790bb 100644
--- a/packages/compiler-core/package.json
+++ b/packages/compiler-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-core",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/compiler-core",
   "main": "index.js",
   "module": "dist/compiler-core.esm-bundler.js",
diff --git a/packages/compiler-dom/package.json b/packages/compiler-dom/package.json
index 5b31c8496..792dc4f5d 100644
--- a/packages/compiler-dom/package.json
+++ b/packages/compiler-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-dom",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/compiler-dom",
   "main": "index.js",
   "module": "dist/compiler-dom.esm-bundler.js",
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index 376d30272..d4a5d7508 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/compiler-sfc",
   "main": "dist/compiler-sfc.cjs.js",
   "module": "dist/compiler-sfc.esm-browser.js",
diff --git a/packages/compiler-ssr/package.json b/packages/compiler-ssr/package.json
index 28d1edbd0..5e971f39a 100644
--- a/packages/compiler-ssr/package.json
+++ b/packages/compiler-ssr/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-ssr",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/compiler-ssr",
   "main": "dist/compiler-ssr.cjs.js",
   "types": "dist/compiler-ssr.d.ts",
diff --git a/packages/reactivity/package.json b/packages/reactivity/package.json
index a5bf7857f..2a6e9f480 100644
--- a/packages/reactivity/package.json
+++ b/packages/reactivity/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/reactivity",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/reactivity",
   "main": "index.js",
   "module": "dist/reactivity.esm-bundler.js",
diff --git a/packages/runtime-core/package.json b/packages/runtime-core/package.json
index 662e028e8..07d00ef28 100644
--- a/packages/runtime-core/package.json
+++ b/packages/runtime-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-core",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/runtime-core",
   "main": "index.js",
   "module": "dist/runtime-core.esm-bundler.js",
diff --git a/packages/runtime-dom/package.json b/packages/runtime-dom/package.json
index 222b0b372..775d23dc1 100644
--- a/packages/runtime-dom/package.json
+++ b/packages/runtime-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-dom",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/runtime-dom",
   "main": "index.js",
   "module": "dist/runtime-dom.esm-bundler.js",
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index 5bda0292f..fa576e21f 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/server-renderer",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "@vue/server-renderer",
   "main": "index.js",
   "module": "dist/server-renderer.esm-bundler.js",
diff --git a/packages/shared/package.json b/packages/shared/package.json
index 32303e5ca..3a51780d4 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/shared",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "internal utils shared across @vue packages",
   "main": "index.js",
   "module": "dist/shared.esm-bundler.js",
diff --git a/packages/vue-compat/package.json b/packages/vue-compat/package.json
index 3904c55ab..aa47aecf5 100644
--- a/packages/vue-compat/package.json
+++ b/packages/vue-compat/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compat",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "Vue 3 compatibility build for Vue 2",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
diff --git a/packages/vue/package.json b/packages/vue/package.json
index 331542647..eb3372d49 100644
--- a/packages/vue/package.json
+++ b/packages/vue/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "3.4.0-alpha.4",
+  "version": "3.4.0-beta.1",
   "description": "The progressive JavaScript framework for building modern web UI.",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",