Next week's major schedule: Alibaba and Meituan earnings reports, the US "final ultimatum day" to Ukraine, and the Fed's favorite inflation indicator.

Next week's major schedule: Alibaba and Meituan earnings reports, the US "final ultimatum day" to Ukraine, and the Fed's favorite inflation indicator.

Overview of Major Financial Events for the Week of November 24 - November 30, all times in Beijing Time:

Key Focus Next Week: Financial reports from Alibaba, Meituan, Li Auto, NIO, Pony.ai and WeRide. The latest China-US economic data, the Federal Reserve will release the latest Beige Book on economic conditions. Huawei's new product launch event, expected to unveil the Mate80 series. Trump plans to sign a new AI policy at the White House – "Genesis Mission." Trump says November 27 is the deadline for Ukraine to accept the U.S. "28-point plan."

In addition, the central banks of New Zealand and South Korea will announce interest rate decisions. “Big Short” Michael Burry says tech giants are "overstating profits due to underestimating depreciation" and will reveal more details on November 25. November 27, U.S. markets closed for Thanksgiving. November 30, “U.S. Black Friday” shopping festival begins.

Financial Reports

  • Alibaba, Meituan, Li Auto, NIO Financial Reports

Earnings season continues, Alibaba’s financial report will be released next Tuesday before the U.S. market opens, Meituan’s latest financial report will be released next Friday before market open. Leading new energy vehicle companies Li Auto and NIO will also release their earnings.

In addition, newly IPO’d Hong Kong robotaxi companies Pony.ai and WeRide, as well as Dell, HP, Chow Tai Fook, Bosideng and other companies will also release their financial reports.

Economic Indicators

  • U.S. Q3 GDP Revision, "Fed’s Favorite Inflation Indicator" PCE Price Index

Ahead of the Fed’s December rate meeting, a series of key economic data delayed by the government shutdown will be released.

The U.S. Department of Commerce announced that next Wednesday, November 26, the Q3 GDP revision, October personal income and expenditures, and the PCE price index report will be released. The U.S. Department of Labor says September PPI will be released on November 25.

Market expectations are that, boosted by consumer spending, U.S. economic growth that quarter may still exceed 3.0%. The “Fed’s favorite inflation indicator” — the PCE price index, is not expected to show significant acceleration.

  • China’s Official November Manufacturing PMI, October Profits of Large Industrial Enterprises

Next week, China’s November official manufacturing PMI and October profits of large industrial enterprises will be released. Looking back at last month, early demand release before the “National Day” holiday and a more complex international environment led to a decline in manufacturing prosperity. China’s October official manufacturing PMI dropped to 49, but high-tech manufacturing, equipment manufacturing, and consumer goods industries PMI continued to expand.

Financial Events

  • Trump: November 27 is Ukraine’s last chance to accept the U.S. “28-point plan”

Trump gave an ultimatum that November 27 is the deadline for Ukraine to accept the U.S. “28-point plan.” According to CCTV News, the key points of the “28-point plan” include Russia signing a non-aggression agreement with Ukraine and Europe, and Ukraine pledging not to join NATO. Zelensky said he would propose alternatives for a peace plan, but "would never give the enemy a reason to say Ukraine doesn't want peace." However, Trump stated that Zelensky must agree to the peace plan, or else the conflict will continue. Putin said Russia is willing to negotiate for peace, but the details of the plan need to be substantially discussed.

  • Trump plans to sign a new AI policy at the White House — “Genesis Mission”

WallstreetCN reports that Trump plans to launch the “Genesis Mission” at the White House next Monday. The plan is compared to the “Manhattan Project” and the “Space Race.” The order may require national labs to carry out more work in emerging AI technology fields, and may involve public-private cooperation mechanisms.

Trump also called for Congress to approve unified federal AI regulatory standards, advocating for a streamlined federal approval process to avoid barriers caused by fragmented state regulations.

  • Huawei New Product Launch, Mate80 Series, New Kirin Chip to Debut

Huawei officially announced a new product launch on November 25 at 14:30, where the Mate 80 series, Mate X7, and multiple new all-scenario products will be introduced.

Reports say the Huawei Mate 80 series may be equipped with the brand-new Kirin 9030 chip for the first time. Previously, Huawei had disclosed the roadmap for the Ascend and Kunpeng chips.

The Huawei Mate 80 series is also expected to feature the new HarmonyOS 6 operating system. One of the highlights of HarmonyOS 6 is the intelligent framework, with the first batch of 80+ HarmonyOS intelligent agents already online, including Ctrip AI Travel Assistant, Damai Smart Agent, Ant Health Manager, iFlytek Xiao Yi, and others.

  • “Big Short” Michael Burry: Tech giants “underestimate depreciation leading to overstated profits,” will reveal more details on November 25

WallstreetCN reports that Michael Burry recently posted on his social media platform that tech giants are artificially inflating profits by extending the “useful life” of assets and thus underestimating depreciation. He estimates that from 2026 to 2028, large tech firms will overstate profits by $176 billion due to underestimated depreciation.

Burry promised to reveal more details on November 25. He specifically pointed out that by 2028, Oracle's profits may be overstated by 26.9%, and Meta's profits by 20.8%.

  • Asian General Aviation Exhibition

The Asian General Aviation Exhibition will be held in Zhuhai, Guangdong, November 27-30, 2025.

  • 2025 China Automotive Supply Chain Conference, November 24-26 in Wuhu City.
  • Alibaba’s first self-developed flagship dual-screen AI glasses set to launch on November 27.

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