The February Loan Prime Rate (LPR) is set to be announced. A window for adjusting domestic refined oil product prices will open. Apple Inc. will hold its annual shareholder meeting.

**Major Events** February LPR Announcement On February 24, the latest values for the 1-year and over-5-year LPR will be released. The National Interbank Funding Center, authorized by the People's Bank of China, previously announced that as of January 20, 2026, the 1-year LPR was 3.0% and the over-5-year LPR was 3.5%, both remaining unchanged from the previous period. This marks the eighth consecutive month without a change in the LPR.

Refined Oil Product Price Adjustment Window According to the "ten working days" principle, the next price adjustment window is at 24:00 on February 24. The previous adjustment window was at 24:00 on February 3, when domestic retail prices for gasoline and diesel were raised by 205 yuan/ton and 195 yuan/ton, respectively.

MSCI China Index February Adjustment Takes Effect On February 11, Beijing time, the international index compiler MSCI announced the results of its February index review. In this adjustment, the MSCI China Index added 37 stocks, including 33 A-shares such as Anji Technology, Baiyin Nonferrous Metals, Leo Group, Hongqiao Holdings, and Shannon Semiconductor, as well as 4 Hong Kong-listed stocks including Hesai-W, Pony.ai-W, SenseTime-W, and Changfei Optical Fiber and Cable. Simultaneously, the MSCI China Index removed 9 A-share constituents and 7 Hong Kong-listed and China-concept stock constituents. These adjustments will take effect after the market close on February 27, 2026.

Apple Holds Annual Shareholder Meeting Apple Inc. will hold its annual shareholder meeting online on February 24. This meeting is drawing market attention, focusing on Apple's future product development plans, the implementation path for AI technology, and adjustments to its supply chain layout. The technical collaboration between Apple and Alphabet is expected to drive deeper integration of AI functionalities within Apple's ecosystem products, offering users a new experience.

Locked-Up Shares Worth Nearly 87 Billion Yuan Become Tradable According to Wind data, in the first trading week after the Spring Festival holiday (February 24-27), A-shares will see 5.643 billion locked-up shares become eligible for trading. Based on the latest closing prices, the value of these shares exceeds 87 billion yuan. Among the individual stocks affected, two have locked-up share values exceeding 10 billion yuan each: Huaxi Nonferrous Metals and *ST Songfa.

**New Listing Opportunities** Two IPOs Scheduled for Next Week Wind data indicates that two new shares will be launched in the week following the holiday (February 24-27). Specifically, HiFiMan will debut on February 24, and Good Electric Material will debut on February 25.