--- title: "Next week's heavy schedule: China's Two Sessions, US Non-Farm Payroll, developments in Iran, MiniMax JD Bilibili financial report" description: "On the macro level, China's Two Sessions discuss the government work report and the 14th Five-Year Plan, while the U.S. February non-farm payrolls and the Federal Reserve's Beige Book will reveal the " type: "news" locale: "en" url: "https://longbridge.com/en/news/277339055.md" published_at: "2026-03-01T05:43:15.000Z" --- # Next week's heavy schedule: China's Two Sessions, US Non-Farm Payroll, developments in Iran, MiniMax JD Bilibili financial report > On the macro level, China's Two Sessions discuss the government work report and the 14th Five-Year Plan, while the U.S. February non-farm payrolls and the Federal Reserve's Beige Book will reveal the true state of employment. Geopolitically, the U.S. and Israel launch an attack on Iran, with Iran claiming it will initiate the most intense offensive, and new rounds of negotiations are taking place among Russia, Ukraine, and the U.S. On the industrial front, the Electronic Spring Festival kicks off at the 2026 Mobile World Congress, Alibaba Qianwen releases AI glasses, and Apple will hold a new product launch event next week. In terms of earnings reports, MiniMax, JD.com, Bilibili, Broadcom, Credo, and others will announce their performance results intensively **March 2 - March 8 Weekly Major Financial Events Overview, all times are in Beijing time:** **** **The core themes for next week are as follows:** **Macroeconomic Theme: China and the U.S. simultaneously enter a policy observation window.** Domestically, the Fourth Session of the 14th National People's Congress and the Fourth Session of the 14th Chinese People's Political Consultative Conference will open on March 5 and March 4, respectively, **to discuss the government work report and other related reports, as well as the draft outline of the 15th Five-Year Plan for national economic and social development.** Across the ocean, **the U.S. February non-farm payroll data** and the **Federal Reserve's Beige Book** will be released together; if the job market significantly "slows down" as expected, it will reshape the interest rate cut path. **Geopolitical Theme: Focus on Iran and Russia-Ukraine.** According to CCTV, the Iranian Islamic Revolutionary Guard Corps stated that the Iranian armed forces are about to launch their "most intense offensive actions," targeting bases in Israel and the U.S. **At the same time, Ukraine and Russia may hold a new round of talks on March 4-5 under U.S. mediation.** **Technology Theme: MWC ignites a "New Era of Intelligence," with hardware and AI competing on the same stage.** The 2026 World Mobile Congress will be held, themed "New Era of Intelligence," with the deep integration of AI and communication being the biggest highlight. Alibaba's "Qianwen" will release its first AI glasses of the same name on March 2, officially entering the AI hardware track; Apple will hold a simultaneous launch event in New York, Shanghai, and London on March 4, expected to introduce new MacBook products equipped with the M5 chip. **Earnings Report Theme: AI computing power and application performance will be concentrated for verification.** On March 2, MiniMax will release its first annual report after going public in Hong Kong; on March 5, JD.com and Bilibili will announce their earnings reports, with the market focusing on consumer recovery and cost reduction and efficiency improvement results. Chip giant Broadcom will report after the market closes on March 4, with its AI business guidance being highly anticipated; "optical interconnect giant" Credo will also announce its earnings report on March 2. * * * Today's insights exclusive New Year ceremony starts with a collection of insights~ Buy more for more benefits・Incredible value! Perfect for gifting friends and family / keeping for personal collection * * * ## Economic Indicators - **U.S. February Non-Farm Payrolls and ADP Employment, Federal Reserve Economic Beige Book, ISM Manufacturing** On March 6, the U.S. will release February non-farm payroll data, **with the market expecting new jobs to significantly slow to 60,000, and Bloomberg Economics even predicting a possible negative growth due to the impact of the cold wave.** The unemployment rate is expected to remain stable at 4.3% In January, non-farm employment exceeded expectations with an increase of 130,000 jobs, but the market questioned its authenticity and sustainability. On March 4, the U.S. February ADP employment data will also be released. **On March 5, the Federal Reserve will publish the Beige Book on economic conditions**, which will provide important reference for the Federal Reserve's March interest rate meeting. In addition, on March 2, the U.S. will release the February ISM Manufacturing Index, and on March 6, the U.S. January retail sales data will be announced. - **China's February official Manufacturing PMI and foreign exchange reserves** On March 4, China's February official Manufacturing PMI will be released **.** In January of this year, some manufacturing sectors entered the traditional off-season, and China's official Manufacturing PMI fell to 49.3% that month. On March 7, Saturday, China's February foreign exchange reserve data will be released. Previously, China's foreign exchange reserves increased by 1.23% at the end of January, with gold reserves increasing for 15 consecutive months. ## Financial Events - **China's Two Sessions will be held** According to CCTV News, **the Fourth Session of the 14th National People's Congress and the Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference will open in Beijing on March 5 and March 4, respectively.** According to Xinhua News Agency, the main agenda suggested by the National Committee of the Chinese People's Political Consultative Conference is as follows: to hear and review the work report of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and the report on the proposal work since the Third Session of the 14th National Committee; to attend the Fourth Session of the 14th National People's Congress of the People's Republic of China, **to hear and discuss the government work report and other relevant reports, and to discuss the draft outline of the 15th Five-Year Plan for national economic and social development.** According to research reports from CITIC Securities and other brokerages, the market is highly concerned about the government's work report on economic growth targets, fiscal and monetary policy orientation, and clues related to the "15th Five-Year Plan." - **Closely monitor the developments in Iran, as the Iranian Supreme Leader Khamenei was assassinated, and Iran claims it will launch the most intense attacks** According to CCTV News reporters, it was reported on March 1 local time that Iranian Supreme Leader Khamenei was assassinated on the morning of February 28. The Iranian Islamic Revolutionary Guard Corps stated that the Iranian armed forces will soon begin their "most intense offensive operations," targeting bases in Israel and the United States. Over the past weekend, Xinhua News Agency reported that on February 28, the U.S. and Israel launched a joint military strike against Iran, leading to a sharp escalation in regional tensions. U.S. President Trump posted on social media on February 28, stating that Iranian Supreme Leader Khamenei "is dead." - **Electronic Spring Festival Gala: The 2026 World Mobile Communications Conference will be held from March 2 to 5** The 2026 Mobile World Congress (MWC 2026) in Barcelona is about to kick off, with the theme "The IQ Era," breaking the boundaries of traditional communication exhibitions and becoming a global technology platform integrating multiple fields such as artificial intelligence, communication technology, robotics, and 6G foresight. Mobile phones remain the core highlight of the exhibition, with domestic manufacturers like Vivo, Xiaomi, Honor, and Red Magic accelerating their global layout with heavyweight new products, while international brands like Samsung are responding with hardcore technology upgrades. Meanwhile, cutting-edge explorations such as humanoid robots and the deep integration of AI and communication make this exhibition an important barometer for the future development of the technology industry. - **Alibaba's Qianwen will launch its first AI glasses of the same name** According to Wall Street Insights on February 27, Alibaba's personal AI assistant "Qianwen" will launch multiple different forms of AI hardware products for the global market this year. Qianwen will unveil its first AI glasses of the same name at the 2026 Mobile World Congress (MWC) in Barcelona, Spain, and will open online and offline reservations across all channels on March 2. According to insiders at Alibaba, in addition to AI glasses, Qianwen will also successively release AI rings, AI headphones, and other products for the global market within the year. - **Apple will hold a launch event on March 4, with updates to the Mac series coming soon** Apple Inc. announced that it will hold a new product launch event on March 4. The company is preparing to announce multiple new devices in the coming weeks. The iPhone manufacturer has invited media to gatherings in New York, Shanghai, and London, stating that it will host an offline "Experience" event. This invitation suggests that this showcase will be more low-key than typical launch events held at its headquarters in Cupertino, California. **Apple has been planning to release multiple new products in the first half of 2026, including: a new MacBook Pro (expected to feature M5 Pro/Max chips), a new MacBook Air (featuring M5 chips), a low-priced MacBook available in multiple colors (rumored to be priced around $699), and new iPad models (including the 12th generation iPad and M4 chip version of iPad Air). Additionally, Apple plans to release the iPhone 17e soon, which is an update targeting the mid-range smartphone market.** - **The HarmonyOS Intelligent Driving Technology Renewal Conference will be held, and the 2026 XPeng X9 pure electric version will be launched** At 14:00 on March 4, the HarmonyOS Intelligent Driving Technology Renewal Conference will be held. In addition, the 2026 XPeng X9 pure electric version will be launched on March 2, making it the longest pure electric seven-seater in the world. - **German Chancellor Merz will visit the U.S. to meet Trump** According to reports, German Chancellor Friedrich Merz will seek clarification on the U.S. tariff policy on EU goods during talks with U.S. President Donald Trump in Washington on March 3. - **2026 FOMC voting member Harker speaks on the dollar's safe-haven status, and FOMC permanent voting member Williams speaks** On March 3, FOMC permanent voter and New York Federal Reserve President John Williams delivered a speech. On March 7, 2026 FOMC voter and Cleveland Federal Reserve President Loretta Mester will speak on the dollar's safe-haven status. - **International Monetary Fund's "Asia 2050" Conference, OECD Spring Financial Market Week 2026** The International Monetary Fund's "Asia 2050" conference begins in Bangkok, running from March 4 to March 6, discussing the economic future of the region. Additionally, the OECD Spring Financial Market Week 2026 will continue until March 6. - **NASA's Manned Lunar Mission Scheduled for March Delayed Again** NASA Administrator Jared Isaacman stated that due to technical issues, the "Artemis 2" lunar mission will undergo rocket rollback, canceling the planned launch in March. Previously, NASA officials indicated plans to launch the "Artemis 2" manned lunar flight on March 6. The launch has been postponed multiple times. - **UK Office for Budget Responsibility Releases Spring Forecast** A statement from the UK government shows that Chancellor of the Exchequer Reeves has requested the Office for Budget Responsibility (OBR) to prepare an economic and fiscal forecast report, scheduled for release on March 3, 2026. Chancellor Reeves will deliver a budget update speech in Parliament. ## Earnings Reports: MiniMax, Bilibili, JD.com, Broadcom, Credo A series of significant earnings reports are coming in. On March 2, MINIMAX, listed on the Hong Kong stock market, will release its first earnings report and hold a conference call on the same day. On March 5, JD.com, Bilibili, and chip giant Broadcom will release their earnings reports and hold conference calls. Additionally, "optical interconnect giant" Credo, Marvell Technology, Dingdong Maicai, Yixin Group, and Manbang will also announce their performance. - **Broadcom Conference Call** Broadcom will announce its financial results for the first quarter of fiscal year 2026 after the US stock market closes on Wednesday, March 4, 2026. A conference call will be held at 2:00 PM Pacific Time, which corresponds to 6:00 AM Beijing Time on March 5. - **Bilibili Conference Call** Bilibili plans to release its earnings report before the US market opens on March 5, 2026, and will hold a conference call. The conference call is scheduled for 7:00 AM Eastern Time on March 5, corresponding to 8:00 PM Beijing Time on March 5, 2026. - **JD.com Conference Call** JD.com's earnings conference call for the fourth quarter and full year of 2025 is scheduled for 8:00 PM HKT on March 5, 2026, corresponding to 8:00 PM Beijing Time on March 5, 2026. - **MiniMax Conference Call** MiniMax will announce its financial results for the full year of 2025 on March 2, 2026. The company's management will hold a conference call to discuss the results on Monday, March 2, 2026, at 8:00 PM Beijing Time (7:00 AM Eastern Time) - **“Light Interconnection Giant” Credo Conference Call** AI connection chip manufacturer Credo has released a strong earnings forecast, expecting Q3 revenue for fiscal year 2026 to be between $404 million and $408 million, significantly exceeding the market expectation of $341 million. The company has also raised its full-year outlook, anticipating a year-over-year revenue growth of over 200%. Driven by the surge in demand for AEC and optical connection products from AI data centers, the company's performance continues to explode. The company will announce its complete financial report after the U.S. stock market closes on Monday, March 2, 2026, and will disclose more detailed financial data during the earnings conference call at 2:00 PM Pacific Time (6:00 AM Beijing Time on March 3). 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