Overview of this week's important schedule.

• Alibaba takes the lead, and the earnings report season for Chinese concept stocks has begun! Baidu, NetEase, and Bilibili will all be releasing their reports.

Recently, DeepSeek has emerged, leading to a strong rise in Chinese assets, with an increasing number of foreign institutions joining the bullish stance on China, and as the earnings report season for Chinese concept stocks kicks off, Chinese assets are about to迎来关键一周.

Among them, $BABA-W (09988.HK)$ 、 $BIDU-SW (09888.HK)$ 、 $BILIBILI-W (09626.HK)$ 、 $NTES-S (09999.HK)$ 、 $iQIYI (IQ.US)$ Corporate financial reports are receiving a lot of attention.

It is worth mentioning that thanks to Apple's choice of Alibaba as its main partner for developing "Apple Intelligence" in China, Alibaba's stock price soared, making it a focal point of this week's earnings report season. The market generally expects that Alibaba will achieve revenues of 278.716 billion yuan in the third quarter of the fiscal year 25, an increase of 7% compared to the same period last year; the EPS is projected to be 2.06 yuan, a year-on-year increase of 204%.

• Economic data over the past week has been mixed. Will there be more waves this week?

The previously released series of economic data from the USA has mixed signals. First, the CPI and PPI inflation data for January were both higher than market expectations, and the rebound in inflation combined with the resilience of the US economy may further increase resistance to interest rate cuts by the Federal Reserve in 2025, leading to a cooling of rate cut expectations. However, the subsequent retail sales data showed slight weakness, which boosted market confidence.

This week, a series of data reflecting the economic situation and inflation expectations in the USA will be released, including initial jobless claims for the week on Thursday and the February S&P Global PMI on Friday. The impact of this data on interest rate cut expectations will continue to affect the US stock market and is still worth special attention from investors.

• The Federal Reserve is about to release the meeting minutes, with the market focusing on two major issues.

On February 20th (Thursday) at 03:00 Beijing time, the Federal Reserve will release the January monetary policy meeting minutes, further providing clues about interest rate cuts for the market.

Federal Reserve Chairman Powell previously stated at a congressional hearing that given the strong performance of the US economy, the Federal Reserve is not in a hurry to make further rate cuts. The market currently expects that the Federal Reserve will remain observant for a longer time, possibly not cutting rates again until the fourth quarter.

Bank of America stated in its latest report that it will focus on two issues in the Federal Reserve's meeting minutes: first, whether Federal Reserve officials still have a tendency for further rate cuts, and whether the Federal Reserve is beginning to gradually accept the idea that the rate cut cycle has ended. Second, how the Federal Reserve views the impact of US President Trump's policies on the US economy; more specific details will provide clear clues for future policy directions.

• Other major financial events: Musk announces the new generation model Grok 3, and the Hang Seng Index quarterly review results are released.

The rise of DeepSeek has intensified industry competition, popping out GPT-5 and then pushing out Grok 3. Musk posted on social platform X that Grok 3 will be released at 8 PM Pacific Time on Monday (12 PM Beijing Time on Tuesday) with a live demonstration. He stated that this will be 'the smartest AI on Earth.'

Other important events include: The US stock market will be closed on Monday; HANG SENG BANK will announce the results of the fourth quarter 2024 Hang Seng Index seasonal review on Friday, February 21, and component stock changes will take effect on March 10, 2025 (Monday).

This week’s key performance calendar.

February 17, Monday

Keywords: US stock market holiday; Federal Reserve Governor Bowman will deliver a speech.

On Monday, economic data will be released, including Japan's GDP data and the Eurozone's seasonally adjusted trade balance for December.

In terms of financial events, the US stock market will be closed for one day due to Washington's birthday; Federal Reserve Governor Bowman and Philadelphia Fed President Harker will deliver speeches.

February 18, Tuesday

Keywords: Elon Musk releases the new generation model Grok 3; Baidu Earnings Reports; USA New York Federal Reserve Manufacturing Index

On Tuesday, economic data will be released, including the USA New York Federal Reserve Manufacturing Index and the Eurozone's February ZEW Economic Sentiment Index, and the Reserve Bank of Australia will announce its interest rate decision.

In financial events, Elon Musk announced that Grok 3 will be released on Monday evening at 8 PM Pacific Time (12:00 noon Beijing Time) with a live demonstration.

In terms of Earnings Reports, $BIDU-SW (09888.HK)$ 、 $iQIYI (IQ.US)$ The company will announce its latest Earnings Reports.

February 19, Wednesday.

Keywords: HSBC Holdings, Occidental Petroleum Earnings Reports; Statistics on housing prices in 70 cities in China.

On Wednesday, economic data including the Statistics on housing prices in 70 cities in China, total new housing starts in the USA, and the eurozone's seasonally adjusted current account for December will be successively revealed.

Regarding Earnings Reports, in the Hong Kong stock market. $HSBC HOLDINGS (00005.HK)$ 、 $HANG SENG BANK (00011.HK)$ As well as the USA stock market. $Occidental Petroleum (OXY.US)$ 、 $Carvana (CVNA.US)$ And other important companies will release their earnings.

February 20, Thursday

Keywords: Alibaba, NetEase, Bilibili, Walmart Earnings Reports; USA weekly initial unemployment claims; Federal Reserve meeting minutes.

On Thursday, in terms of economic data, China's one-year loan market quote rate will be released, and the USA will also publish the weekly initial unemployment claims, February Philadelphia Fed Manufacturing Index, and January Conference Board Leading Indicators among other important data.

Regarding financial events, the Federal Reserve will release the minutes from the January MMF policy meeting, and 2025 voting member Goolsbee will also give a speech.

In terms of Earnings Reports, reports from Chinese concept stocks are arriving in succession, $BABA-W (09988.HK)$ 、 $NTES-S (09999.HK)$ 、 $BILIBILI-W (09626.HK)$ and they will be gradually disclosed in the US stock market. $Walmart (WMT.US)$ 、 $Unity Software (U.US)$ The Earnings Reports are also worth paying attention to.

February 21, Friday.

Keywords: USA February S&P Global PMI data; Hang Seng Index quarterly review results announcement.

On Friday, important economic data worth attention include USA February S&P Global manufacturing/service/composite PMI preliminary values, and the final value of the University of Michigan's consumer sentiment index for February.

In terms of financial events, Hang Seng Index Company announced that it will disclose the quarterly review results of the Hang Seng Index for the fourth quarter of 2024 on February 21, 2025 (Friday), and the changes in constituent stocks will take effect on March 10, 2025 (Monday).

In terms of Earnings Reports, $STANCHART (02888.HK)$ 、 $Vipshop (VIPS.US)$ Other important companies will disclose their Earnings Reports.

Get a sneak peek at important financial events, discover investment opportunities early! Open futubull> Market> USA Stock>Financial Calendar/Selected macroeconomic data, seize the investment opportunities first!

In the new week, wishing mooers smooth investments!

Editor/new