Next week's major schedule: Trump issues a 48-hour ultimatum to Iran, Boao Forum, Meituan, Pinduoduo, Xiaomi financial reports.

Next week's major schedule: Trump issues a 48-hour ultimatum to Iran, Boao Forum, Meituan, Pinduoduo, Xiaomi financial reports.

March 23 - March 29 Major Financial Events of the Week, all times in Beijing Time: Next week's core themes: First, a "Super Earnings Week" and the resonance with tech product launches. Meituan, Pinduoduo, Xiaomi, Kuaishou, Pop Mart, BYD, and Muxi will release annual reports, with market focus on AI commercialization, overseas expansion, and performance in stock competition. Huawei’s Spring Launch and Apple’s AirPods Max 2 will directly boost sentiment in the consumer electronics sector. Additionally, the "physical AI first stock" MayView's new product launch is also noteworthy. Second is the "energy storm" brought about by geopolitical tensions. Trump demanded that Iran fully open the Strait of Hormuz within 48 hours, or the US would strike and destroy all types of power plants in Iran, compounded by the G7 foreign ministers’ meeting, the Danish election, and Japan’s inflation data. Geopolitical struggles and concerns of secondary inflation will reshape central bank expectations. Also, Europe enters daylight saving time next weekend; investors should pay attention to the earlier trading hours. Lastly, high-profile forums densely release industrial signals. The Zhongguancun Forum, Boao Forum, China Development Forum, and WTO Ministerial meetings are coming one after another. From brain-machine interfaces, 6G to the entire semiconductor chain (SEMICON China), from grain and liquor (Sugar & Wine Convention) to rare metal export policies, many industry summits will define industry investment logic for 2026. Economic Indicators - China industrial enterprise profits, Japan February CPI, US S&P Global PMI, etc. On Monday, March 22, South Korea releases March 20-day imports and exports data YoY. On March 24, Japan publishes February CPI. The market anticipates that Japan’s inflation may cool down, curbed by energy subsidies from the Kishida government. As oil price surges raise energy costs and hurt the economy, slower inflation will likely incline the Bank of Japan to keep rates steady. Additionally, US S&P Global manufacturing PMI and Eurozone manufacturing PMI for March will be released on March 24. China’s January to February industrial enterprise profits above designated size will be released on March 27 (Friday). - Minutes from Bank of Japan monetary policy meeting The Bank of Japan will release minutes for the January monetary policy meeting on February 25. The rate decision announced on March 19 showed the BOJ voted 8-1 to keep rates unchanged at 0.75%. Governor Kazuo Ueda stated that due to the Iran situation, it's difficult to clearly state whether policy should focus more on inflation control or economic support. Geopolitical Situation - Wall Street closely watches Middle East conflict: Trump threatens Iran with a 48-hour ultimatum to open the Strait of Hormuz Currently, Middle Eastern conflict remains a core focus for Wall Street. Investors closely follow developments and the chain reactions from soaring energy prices. With the conflict entering its third week, international oil prices have climbed more than 40%, raising concerns among governments and central banks about rising inflation and economic stagnation. According to CCTV News, on the 21st Trump posted on social media, demanding Iran fully open the Strait of Hormuz within 48 hours, else the US would strike and destroy all types of power plants in Iran, "the largest one will be first". - G7 foreign ministers focus on Middle East and Russia-Ukraine issues G7 foreign ministers will meet March 26-27 in France; talks will focus on Middle East and Russia-Ukraine issues. - Denmark calls early elections; Greenland’s future in focus Denmark's PM announced early elections for March 24, with Greenland’s future in focus. Major Industry Conferences - Zhongguancun Forum 2026 Annual Meeting March 25-29 in Beijing The 2026 Zhongguancun Forum Annual Meeting will be held March 25-29 in Beijing, co-hosted by the Ministry of Science and Technology, NDRC, MIIT, SASAC, CAS, CAE, CAST, and Beijing municipal government. 6G, brain-machine interfaces, cell and gene therapy... this forum will feature 60 parallel forums in frontier fields, deeply exploring innovation and industrial applications. This year will see the first National Natural Science Foundation Academic Forum, focusing on bionic intelligence, power + computing integration, high-speed maglev transport technologies, and major scientific questions. - Zhongguancun Forum Brain-Machine Interface Innovation Forum The "Zhongguancun Forum Brain-Machine Interface Innovation Development Forum" will be held March 27 in Beijing, themed "Innovation Aggregation · Brain Intelligence Prosperity -- Empowering Brain-Machine Interface Innovation and Industrial Cluster". - Perovskite x Space Photovoltaic Forum convenes in Wuxi March 25 March 25-27, the 11th Perovskite and Tandem Cell (Yangtze Delta) Industrialization Forum and 1st Space PV Technology Innovation Forum kicks off in Wuxi. Visits to Tongneng LightStorage 100MW perovskite PV module line and Jidian LightPower GW-level module line are arranged during the event. - 114th National Sugar & Wine Convention, March 26-28 The 114th National Sugar & Wine Convention will be held March 26-28, 2026, in Chengdu, using Western Expo and Century City venues, expanding product boundaries with richer categories and more practical layouts to meet diverse needs and connect industry chain upstream and downstream. - Domestic rare earth and rare metals conference The China Minmetals Chemicals Import-Export Chamber has notified of a rare earth and rare metals export policy and situation briefing on March 25, 2026. Commerce Ministry and Customs leaders will attend and speak, interpreting export policies and situations, helping officials understand enterprise issues. - Semiconductor Carnival—SEMICON China opens in Shanghai SEMICON China 2026 (Shanghai International Semiconductor Show) will be held March 25-27, 2026, at Shanghai New International Expo Center. This is the world's largest and most comprehensive semiconductor "carnival", covering chip design, manufacturing, packaging, testing, equipment, materials, PV, display and the full industry chain. Chinese Academy of Sciences, Changchun Optical Precision Mechanics and Physics Institute will debut at the show. - Boao Forum for Asia 2026 Annual Meeting, China Development Forum 2026 Annual Meeting The Boao Forum for Asia 2026 Annual Meeting will be held March 24-27 in Hainan, themed "Shaping a Common Future: New Situation, New Opportunities, New Cooperation", featuring high-end dialogues, sub-forums, roundtables, etc. China Development Forum 2026 Annual Meeting will be held March 22-23 in Beijing, with Hong Kong Financial Secretary Paul Chan attending. - WTO 14th Ministerial Conference, Commerce Minister Wang Wentao to attend According to The Paper, MOFCOM spokesperson He Yongqian said the WTO 14th Ministerial Conference (MC14) will be held March 26-29 in Yaoundé, Cameroon, Commerce Minister Wang Wentao will lead China’s delegation. - Milken Global Investor Forum, US Houston CERAWeek Energy Conference Milken Global Investor Forum is held next week in Hong Kong, focusing on capital flows shaping Asia-Pacific strategy, technology, and regional growth. US annual CERAWeek Energy Conference is held in Houston, March 26-27, discussing future of energy, climate, technology, and geopolitics. - 2026 Global Developer Pioneer Summit opens According to Shanghai Municipal Economic Information Commission and organizers, the 2026 Global Developer Pioneer Summit (GDPS 2026) will be held March 27-29 at Shanghai Xuhui West Bund International Convention Center. The core vision aims to break industry-research integration bottlenecks and improve efficiency from industry demand to scientific research applications. (The Paper) - Trump and CEOs of Tractor Supply companies to attend White House event A White House official revealed President Trump will host an event at the White House on March 27 (US National Agriculture Day), meeting CEOs of John Deere, Tractor Supply, and CNH Industrial. Over 800 farmers will attend with Trump on the South Lawn. Agriculture Secretary Rollins and other officials will also attend. New Product Releases & Other Events - Huawei holds Spring All-Scenario Product Launch Huawei Terminal announces a Spring All-Scenario Product Launch on March 23. Products such as Huawei Enjoy 90 Plus, Enjoy 90 Pro Max and various HarmonyOS smart vehicles are expected to be unveiled. - Apple opens pre-orders for AirPods Max 2 Apple launches the over-ear AirPods Max 2 headphones, not only upgrading noise cancellation but also adding multiple functions popularized in AirPods Pro series. Apple claims AirPods Max 2’s noise reduction is 1.5 times that of the first model (released end of 2020). Priced at $549, same as last generation, pre-orders begin March 25; available in stores early April. Five colors: Blue, Purple, Orange, Midnight, and Starlight (pale gold). - Google launches Gemini-powered Google Marketing Platform, Arm chip event Google announced it will launch its Gemini-powered Google Marketing Platform at the Google NewFront conference on March 23. Arm announces a chip event on March 24, details not yet revealed. - Europe begins daylight saving time, market trading hours move forward by one hour Starting next weekend, Europe begins daylight saving time, and financial market trading hours and economic data releases will be one hour earlier than winter time. Earnings Next week, Meituan, Pinduoduo, Xiaomi, Kuaishou, Pop Mart, BYD, and Muxi will release annual results, with focus on AI commercialization, overseas expansion, and performance in stock competition. China Telecom, China Mobile, CNOOC, PetroChina, Haidilao, Zhihu, etc. will also release earnings. In addition, the "physical AI first stock" MayView's new product release is also noteworthy. - Xiaomi Group Conference Call Xiaomi Group earnings date: March 24, 2026 (Tuesday), releasing 2025 full-year results. Conference call time: March 24, 7:30 PM (Beijing time), investor call. - Pinduoduo Conference Call Pinduoduo 2025 Q4 and full-year earnings conference call at 7:30 AM March 25 (US Eastern Daylight Time), which is 7:30 PM Beijing time, March 25. - Kuaishou Conference Call Kuaishou earnings release: March 25, 2026 (Wednesday), after Hong Kong market closes, for Q4 and full year ending December 31, 2025. Conference call: March 25, 7:00 PM Beijing time (7:00 AM US Eastern Time). - Meituan Conference Call Meituan earnings release: March 26, 2026, after market close, releasing Q4 and full-year results ending December 31, 2025. Conference call: March 26, 7:00 PM Hong Kong time (7:00 AM US Eastern Time). - MayView announces latest results and physical AI new product launch Hong Kong-listed "Physical AI" MayView will release its 2025 results and new physical AI product launch on March 26. 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