This week’s big news: Global markets enter “Christmas mode”

# Overview of Key Financial Events: December 22–28 (All Times in Beijing Time)

This week, focus on China - US economic data, the progress of the Federal Reserve Chair selection, the closure status of global stock markets around Christmas, Bank of Japan Governor Kazuo Ueda's public speech, etc.

In addition, the Huawei nova 15 launch event will be held, and Zhiyuan Robot will release the Qingtian Rental Platform. Leapmotor's 10th anniversary celebration and a brain - computer interface exhibition will also take place during the same week.

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## Economic Indicators

### US Latest Economic Data Including GDP

A flurry of US economic data will be released this week, with the core focus on the third - quarter real GDP to be announced on December 23. The market expects its annualized quarterly rate to reach 2.5%. The key highlight of this data lies in the resilience of the service sector and non - durable goods consumption, and whether it can effectively offset the exhaustion of durable goods demand caused by advance consumption due to the "tariff panic" in the second quarter. Meanwhile, inventory changes remain the biggest interfering variable. In terms of manufacturing, the US will release industrial output data for October and November, which is expected to show a trend of "first declining and then rising". However, durable goods orders are predicted to fall due to a sharp reduction in Boeing aircraft orders.

In addition, the US government will update the PCE data for July - September when releasing the third - quarter GDP report on December 23.

### Year - on - Year Profit of Large - scale Industrial Enterprises in China in November

On Saturday, December 27, China will release the year - on - year profit data of national large - scale industrial enterprises for November. After the year - on - year profit dropped by 5.5% in October, whether this month's data can stabilize and rebound has become a key window to observe the matching degree between micro - enterprise benefits and macro - economic vitality.

### China's 1 - year and 5 - year Loan Prime Rate (LPR) in December

The market generally expects that China's 1 - year and 5 - year LPR will remain unchanged in December, marking the seventh consecutive month of no movement. The 1 - year LPR, which serves as the benchmark for corporate loans, will stay at 3.00%, and the 5 - year LPR, which guides mortgage costs, will remain at 3.50%. The market holds the view that the next interest rate cut will occur at the beginning of next year to guide loan interest rates downward.

### Year - on - Year Tokyo CPI in Japan in December

Bloomberg predicts that Tokyo's CPI will cool down significantly in December, but this will not change the Bank of Japan's path of reducing stimulus measures. The overall indicator is expected to rise by 2.2% year - on - year, down from 2.7% in November. Nevertheless, the core - core indicator (excluding fresh food and energy), which excludes these fluctuations, may edge up slightly from 2.8% to 2.9% due to the transmission effect of rising labor costs and a weak yen. A higher core - core reading should strengthen the Bank of Japan's confidence that the price increase is persistent enough to justify further tightening after the expected interest rate hike on December 19.

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## Financial Events

### Christmas Holiday: Closure of US, Hong Kong, European, South Korean Stock Markets and Suspension of Brent Crude Oil Futures Trading

Stock markets in the New York Stock Exchange, South Korea, Germany, France, Italy, the United Kingdom, Australia, New Zealand, Singapore, India, Indonesia, Malaysia, the Philippines, and China's Taiwan region will be closed.

For Hong Kong stocks, December 25 (Thursday) to December 26 (Friday), 2025 are public holidays in Hong Kong, during which Hong Kong stock markets will be closed, and there will be no northbound trading under the Shanghai - Shenzhen - Hong Kong Stock Connect.

In terms of commodities, the Chicago Mercantile Exchange (CME) will suspend the trading of precious metals, US crude oil, foreign exchange, and stock index futures contracts for the whole day. The Intercontinental Exchange (ICE) will also suspend the trading of Brent crude oil futures contracts for the entire day.

### Christmas Eve: Early Closure of US Stocks, Closure or Early Closure of European Stocks, and Half - day Trading of Hong Kong Stocks

The New York Stock Exchange will close early at 02:00 Beijing Time on December 25. Stock exchanges in European countries like Germany, France, and Italy will be closed for a full day or a half - day. Australia, Singapore, and New Zealand will have partial trading days, while the Philippines stock market will be closed.

In addition, Hong Kong stocks will trade for a half - day and close randomly between 12:08 and 12:10. Regarding the Hong Kong Stock Connect, services will not be available from the afternoon of December 24 (Wednesday) to December 26 (Friday), and will resume as usual on December 29 (Monday).

### Continued Progress in the Selection of the Next Federal Reserve Chair

As reported by Wall Street News, the selection process for the next Federal Reserve Chair is still ongoing. The candidate list has been narrowed down to four people: Kevin Hassett, Kevin Warsh, Christopher Waller, and Rick Rieder from BlackRock. The latter will undergo an interview in the last week of the year.

Furthermore, Trump stated that the next Federal Reserve Chair must be a "super dove" and that the candidate will be announced soon.

### The 19th Session of the Standing Committee of the 14th National People's Congress of China Held in Beijing from December 22 to 27

According to Xinhua News Agency, the 56th Chairperson's Meeting of the Standing Committee of the 14th National People's Congress was held in the Great Hall of the People in Beijing on the afternoon of the 15th, presided over by Chairman Zhao Leji. The meeting decided that the 19th Session of the Standing Committee of the 14th National People's Congress would be held in Beijing from December 22 to 27.

### Zhiyuan Robot to Release Qingtian Rental Platform on December 22

Zhiyuan Robot will hold a launch event for the Qingtian Rental Platform on December 22. It is reported that the first batch of leasing service providers and users can participate in the experience activities to realize on - demand robot rental.

### Huawei: December New Product Launch Scheduled to Unveil nova 15 Series and Other All - Scenario New Products

Huawei officially announced that it will hold the nova 15 series and all - scenario new product launch event on December 22. At that time, the Huawei nova 15 series, tablets, wearables, and new HarmonyOS - powered smart home products will be unveiled together.

### Honor Win Series to Be Officially Released on December 26

The Honor Win Series will be officially launched on December 26, featuring the first new phone equipped with a 10,000mAh battery and the Snapdragon 8E5 chip.

### Hulunbuir to Offer "Snow Vacation" from December 24 to 28

The "Special Work Plan for the 2025 'Snow Vacation' in Hulunbuir City" has been issued. Students from grades 1 to 8 in the compulsory education stage will enjoy a 5 - day "3+2" vacation from December 24 to 28.

### Leapmotor's 10th Anniversary Launch Event

At Leapmotor's 10th anniversary launch event on December 28, more new car plans and new technologies will be announced.

### 2025 Shenzhen International Brain - Computer Interface Innovation Technology Exhibition

The 2025 Shenzhen International Brain - Computer Interface Innovation Technology Exhibition will be held at the Shenzhen World Exhibition & Convention Center from December 28 to 30. In addition, the 2025 Industrial Green and Low - Carbon Development Conference will be held in Chengdu from December 23 to 24.

### Guangzhou Futures Exchange: Adjustment to the Minimum Opening Order Quantity for Polysilicon Futures Contracts from December 22

Starting from the trading session on December 22, 2025, the Guangzhou Futures Exchange will adjust the minimum opening order quantity per trading instruction for polysilicon futures contracts PS2601, PS2602, PS2603, PS2604, PS2605, PS2606, PS2607, PS2608, PS2609, PS2610, PS2611, and PS2612 from 1 lot to 5 lots, while the minimum closing order quantity per trading instruction will remain at 1 lot.

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## Earnings Reports

Oracle Japan will release its latest earnings report next week.

In terms of next - week earnings reports, Oracle Japan will release its latest results on Tuesday, December 23. In addition, US real estate company Limoneira, GTIM, and Spanish Broadcasting System (SBSA) will also announce their earnings reports.

### Shenzhen Stock Exchange to Review the GEM IPO Application of Shenzhen Dapu Microelectronics Co., Ltd. on December 25

As disclosed on the official website of the Shenzhen Stock Exchange, the Listing Committee of the Shenzhen Stock Exchange is scheduled to review the GEM IPO application of Shenzhen Dapu Microelectronics Co., Ltd. on December 25. Dapu Micro is the first unprofitable enterprise accepted by the Shenzhen Stock Exchange. It is an industry - leading semiconductor storage product provider in China, and one of the few domestic companies with full - stack independent R & D capabilities of "controller chips + firmware algorithms + modules" for enterprise - level SSDs and the ability to achieve mass shipments.

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## IPO and New Stock Updates

### A - Share Subscription Arrangements

Shaanxi Tourism (December 22), Xinguangyi (December 23), and Hengdongguang (December 23) will conduct online offerings.

### Hong Kong Stock Listing Schedule

- December 22 (4 companies): Impression Dahongpao, Nanhua Futures Co., Ltd., BenQ Hospital, and Huaren Bio - B.

- December 23 (3 companies): Qingsong Health, Nuobikan, and Hansaitai - B.

- December 30 (6 companies): Meilian Co., Ltd., Xunce, Wuyi Vision, Wo'an Robot, Linqingxuan, and Insilico Medicine.

All the above - mentioned Hong Kong - listed companies will be listed on the Main Board.

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Source: Wall Street News

## Risk Warning and Disclaimer

The market is risky, and investment needs to be cautious. This article does not constitute personal investment advice and does not take into account the special investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are in line with their specific circumstances. Investment made based on this article shall be the user's own responsibility.