Here is a preview of the major economic and financial events scheduled for the week of July 5th to July 13th, all times are in Beijing Time.
Key Highlights for the Upcoming Week
On the macroeconomic data and policy front, China's June Consumer Price Index (CPI) and Producer Price Index (PPI) figures are set for release on July 9th. Market participants will be watching to see if the "K-shaped divergence" in pricing persists. On the same day, the Federal Reserve will publish the minutes from its June FOMC meeting, the first chaired by the new Chair Wash. With half of the committee members already projecting at least one rate hike this year, the minutes' potential to cement a hawkish tone will directly impact global asset pricing. Additionally, the U.S. will hold hearings on proposed tariffs for 60 countries, introducing a new variable in trade frictions that warrants attention. Saudi media has reported that a new round of talks between the U.S. and Iran is scheduled for July 11th in Pakistan.
In capital markets, a combined pressure from lock-up expiries for Zhipu AI, MiniMax, and Iluvatar totaling over HK$850 billion is set to test the scarcity premium of these AI unicorns for the first time. Major initial public offerings (IPOs) like Luxshare Precision and Sanhuan Group are also launching in Hong Kong simultaneously, putting pressure on the market's liquidity. SpaceX is set for a rapid inclusion into the Nasdaq-100 index, while SK Hynix is preparing for a record-breaking U.S. listing via American Depositary Receipts (ADRs). New trading rules for A-shares take effect, expanding the daily price limit for ST stocks to 10%, subtly altering the market landscape. The curtain rises on the U.S. Q2 earnings season, while a wave of interim report previews is due for Chinese A-shares.
In the technology sector, the annual Sun Valley Summit will gather tech titans including Apple's Tim Cook, Amazon's Jeff Bezos, Meta's Mark Zuckerberg, and OpenAI's Sam Altman, though the absence of Elon Musk and Jensen Huang is notable. Europe's inaugural physical AI summit, the MACHINA Summit, is scheduled for July 7th in Paris, coinciding with a domestic embodied intelligence robotics conference in China where production timelines for companies like Tesla, UBTech, and Zhiyuan Robotics may be disclosed. In aerospace, the Zhuque-3 Y2 rocket is expected to launch again from Jiuquan around July 9th to further validate vertical landing technology, while the maiden flight test of the Long March 10B rocket is targeted for July 10th-13th from Wenchang to demonstrate the world's first "sea-based net recovery" system.
Key Economic Indicators
China's June CPI and PPI data will be released on Thursday, July 9th. Analysts like Li Chao from Zheshang Securities anticipate the continuation of a "K-shaped divergence," with industrial product prices remaining stronger than consumer prices. Forecasts suggest a June CPI year-on-year increase of 1.1% and a PPI rise of 4.1%, up 0.2 percentage points from the previous month.
China's June financial data and foreign exchange reserves are also due. The country's foreign exchange reserves figure will be announced on July 7th. Notably, the People's Bank of China has been increasing its gold reserves for 19 consecutive months. During the week of July 9th, China's latest June financial data is expected. Zheshang Securities projects that financial data might be a relatively weak component of June's macro figures, with potential slowdowns in credit expansion and fund activity. Estimates point to new RMB loans of approximately 2.0 trillion yuan and new total social financing of around 2.89 trillion yuan for June.
Major Financial Events
The annual Allen & Company Sun Valley Conference is expected to take place from July 7th to 10th in Sun Valley, Idaho. This gathering, often dubbed the "billionaires' summer camp," brings together top tech magnates, media moguls, and AI leaders for several days of high-level, closed-door discussions and deal-making. An obtained attendee list shows Apple CEO Tim Cook, Amazon's Jeff Bezos, Meta's Mark Zuckerberg, and OpenAI's Sam Altman are among the confirmed attendees, with new faces like Disney's incoming CEO also making their debut. Notably, Elon Musk and Nvidia's Jensen Huang are absent this year.
The U.S. Trade Representative's office (USTR) is scheduled to hold public hearings on July 7th to review a proposal to impose additional tariffs on 60 economies worldwide. According to previous announcements, the USTR plans to levy tariffs of 10% or 12.5% on these economies, citing their alleged failure to prohibit imports of products made with forced labor.
Saudi Arabia's Al Arabiya television reported, citing sources, that a new round of negotiations between the United States and Iran is set for July 11th in Pakistan.
Zhipu AI and MiniMax are set to see their first post-IPO lock-up share expiries in Hong Kong on July 8th and 9th respectively, with a combined potential market value exceeding HK$850 billion. MiniMax's expiry is particularly significant. Morgan Stanley has previously cautioned that both companies have extremely small free floats and significant liquidity premiums; the expiry will mark the first reversal in their supply-demand dynamics, posing a serious test to their scarcity-driven stock price premiums. Additionally, the first lock-up period for Iluvatar's cornerstone shares in Hong Kong is expected to end around July 8th.
Reports indicate that OpenAI plans to release GPT-5.6 on July 7th, strategically timed around the expiration of Claude Fable 5's quota plan. Leaked code suggests GPT-5.6 will include three sub-models and introduce a "speed dial" feature. Internal tests reportedly show GPT-5.6 outperforming Fable 5 in efficiency and response speed while being more competitively priced.
The Federal Reserve will release the minutes from its June FOMC meeting on Thursday, July 9th. This will be the first set of minutes under Chair Wash's leadership. The June "dot plot" showed half of the committee members projecting at least one rate hike this year. Markets will scrutinize the minutes for further confirmation of this hawkish tilt and whether any members have elevated rate hikes to a baseline scenario. It's worth noting that Chair Wash has implemented reforms to communication protocols, which may result in shorter and less detailed minutes this time. Additionally, FOMC permanent voter Williams and 2026 voter Logan are scheduled to speak on July 9th and 10th. Deutsche Bank research notes this speaking calendar is unusually light, and historically similar quiet periods have often preceded or followed monetary policy turning points, warranting investor caution. The collective silence from Fed officials following the June meeting has drawn significant market attention.
The NATO Summit is scheduled for July 7th and 8th in Ankara, Turkey. U.S. officials have unilaterally declared the summit will be "very successful," but in reality, the U.S. and Europe face several disagreements on NATO defense issues.
South Korea's main opposition party's special committee is set to hold a closed-door review meeting on July 6th to initiate a review of capital market policies, focusing particularly on the regulation of single-stock leveraged ETFs. The rapid expansion of leveraged ETFs for stocks like Samsung Electronics and SK Hynix after their listing has been criticized for exacerbating market volatility and harming retail investor interests.
UK Prime Minister Keir Starmer stated that the process to elect a new Labour Party leader will begin on July 9th. He announced that he has requested the party's national executive committee to establish a timetable, with the nomination process starting on July 9th and concluding before the parliamentary summer recess. This means the new Labour leader will be in place before Parliament reconvenes in September.
European Central Bank President Christine Lagarde, who has stated she does not rule out leaving her post early to enter French politics if macroeconomic uncertainty subsides, is scheduled to attend the Eurozone finance ministers' meeting on July 9th and the broader EU finance ministers' meeting the following day. This level of attendance is unusual, as such meetings have traditionally been handled by the ECB Vice President.
The MACHINA Summit, Europe's first dedicated physical AI/embodied intelligence summit, will be held on July 7th in Paris, France. It represents the highest-profile international robotics/humanoid robotics event in July.
Several major industry conferences are scheduled in China: the 25th China Internet Conference in Beijing from July 8th-10th; the 23rd Changchun International Automobile Expo from July 11th-20th; the 2026 China (Nanjing) Embodied Intelligence Robotics Industry Exhibition in Nanjing from July 10th-12th, where production schedules and component tenders for companies like Tesla, UBTech, and Zhiyuan Robotics may be announced; and the 2026 "Robotics+" Innovation and Development Conference in Jining, Shandong from July 11th-13th, which is expected to feature the release of a significant "Robotics+" application scenarios white paper.
OPEC+ has stated that seven member countries will hold their next meeting on July 5th.
The Zhuque-3 rocket is expected to launch again from Jiuquan around July 9th to verify its vertical landing and recovery technology.
The maiden flight test for the Long March 10B rocket is reportedly targeted for the window of July 10th to 13th. It will launch from the Wenchang Commercial Space Launch Site to validate the world's first "sea-based net recovery" technology. Concurrently, the Zhuque-3 Y2 is also expected to launch again during this period for another first-stage re-entry and recovery mission.
Earnings, Listings, and Other Market Events
South Korean semiconductor giant SK Hynix is tentatively scheduled to list its American Depositary Receipts (ADRs) on the Nasdaq on July 10th. The company announced a planned issuance of up to 45.45 trillion won worth of depositary receipts. If achieved, this scale would be comparable to Alibaba Group's record-breaking $25 billion IPO.
MLCC leader Sanhuan Group is expected to list on the Hong Kong stock exchange on July 9th. According to filings, the company plans to issue 71 million shares at a maximum price of HK$100.30 per share. Additionally, Qiyunshan Food is offering 25 million shares in Hong Kong at a price range of HK$5 to HK$8 per share, also expected to start trading on July 9th.
Apple's key supplier, Luxshare Precision, is expected to list on the Hong Kong stock exchange on July 9th. The company officially launched its H-share global offering on June 30th, planning to issue approximately 383.5 million shares with a maximum offer price of HK$63.28 per share, aiming to raise a net amount of about HK$24 billion. This marks Luxshare's first foray into the Hong Kong market since its 2010 Shenzhen listing and is one of the most significant IPOs in Hong Kong's consumer electronics/precision manufacturing sector this year.
SpaceX is set to be included in the Nasdaq-100 index on July 7th, becoming one of the fastest companies ever added to the index. The inclusion comes less than a month after its record-breaking public market debut and is expected to trigger a wave of buying from passive index-tracking funds. Nasdaq announced that index providers will begin purchasing shares after the close on July 6th, with SpaceX officially joining the index before the market opens on July 7th, with an estimated weighting of less than 1%.
New A-share trading rules will take effect on July 6th. The adjustments include optimizing the fund closing price mechanism, expanding the application of post-market fixed-price trading, and increasing the daily price fluctuation limit for main board ST stocks to 10%.
South Korea will launch 24-hour foreign exchange trading for the Korean won starting July 6th. This represents the most significant relaxation of foreign exchange controls in decades and is a core measure in its bid for an upgrade to developed market status by MSCI. However, the timing is delicate as the won has fallen to a 17-year low, depreciating over 6% year-to-date. With South Korea's economic structure shifting from net capital inflow to net outflow, the National Pension Service increasing overseas allocations, and foreign capital continuing to exit the Korean stock market, 24-hour trading could exacerbate short-term foreign exchange volatility.
Kingsoft Cloud announced price increases of approximately 15% to 50% for its AI computing power-related products and services, effective from 00:00:00 Beijing Time on July 12th, 2026.
July marks the beginning of the interim report season. A wave of earnings previews and official reports is imminent for A-shares, with mandatory previews for main board companies (required for those reporting losses, turning profitable, or with year-on-year changes exceeding ±50%) due by July 15th. Overseas, the U.S. Q2 earnings season kicks off with reports from companies like Fast Retailing, PepsiCo, and Delta Air Lines. The period for earnings previews from international giants is also set to intensify starting July 9th.
Comments