Next week focus: January CPI and PPI data will be released. These investment opportunities are the most reliable.

January CPI and PPI Data to be Released

On February 11, the National Bureau of Statistics will release January CPI and PPI data.

Caitong Securities expects the year-on-year growth rate of January CPI to be 0.4%. In January, pork prices slightly increased, fresh vegetable prices declined, fresh fruit prices rose, and gold prices surged significantly. However, due to the high base effect, the year-on-year growth rate of January CPI is expected to slightly decrease to 0.4%.

Regarding PPI, Caitong Securities forecasts a year-on-year decline of 1.5% for January. The factory gate price index rose by 1.7 percentage points to 50.6%, and the purchase price index for major raw materials increased by 3 percentage points to 56.1%.

January Financial Data to be Announced

Financial data such as new loans, M1, M2, and total social financing for January may also be released next week.

Zheshang Securities expects January new RMB loans to increase by 5 trillion yuan, a decrease of 130 billion yuan compared to the same period last year, with the growth rate falling back 0.2 percentage points to 6.2%. It is also expected that total social financing increased by 6.9 trillion yuan, about 980 billion yuan less than the same period last year, with the growth rate dropping 0.2 percentage points to 8.1%. M2 growth rate for January is expected to be 8.5%, unchanged from last month. M1 growth rate is forecasted at 2.2%, down from 3.8%, a decrease of 1.6 percentage points.

Hang Seng Index Company: Announcing Q4 2025 Index Review Results on February 13

The Hang Seng Index Company announced that it will release the results of the Q4 2025 Hang Seng Index series review on Friday, February 13, 2026. Changes to the Hang Seng Index components will take effect on Monday, March 9, 2026.

US January Unemployment Rate, Seasonally Adjusted Non-Farm Payrolls, and CPI Data to be Released

The US will soon release January CPI year-on-year data. Combined with non-farm payroll data, this will indicate the Federal Reserve’s next policy move. Additionally, if there are significant revisions to policy expectations, it could trigger coordinated adjustments in the US dollar index, US Treasury yields, and global risk assets.

Market Cap of Restrictions Lifted Next Week Exceeds 36 Billion Yuan

Wind data shows that next week (February 9 to February 13), 33 restricted stocks will be unlocked. Based on the latest closing prices, the total market value of the unlocked shares exceeds 36 billion yuan.

In terms of unlocked market value, February 9 is the peak day, with 12 companies unlocking a total of 30.741 billion yuan, accounting for 84.71% of the total unlocked value next week. Based on the February 6 closing prices, the top three in unlocked market value are: Hunan Youneng (240.96 billion yuan), Gansu Energy Chemical (40.08 billion yuan), and Mailande (27.44 billion yuan). In terms of the number of shares unlocked, the top three are: Gansu Energy Chemical (1.623 billion shares), Hunan Youneng (374 million shares), and Qingsong Construction (226 million shares).

【New Stock Opportunities】

One new stock will be issued next week

Wind data shows that one new stock will be issued next week, with Tongbao Optoelectronics applying for subscription on February 9.

(Source: Yicai)