In October, the the final reading of the HSBC China PMI was 50.9, unchanged from a flash estimate.
"Focus will be on China's HSBC PMI flash estimate as a leading indicator of the broader Asian recovery. We expect a measured uptick rather than a surge," analysts at Mizuho Corporate Bank said in a note.
Bernanke takes the stand
Federal Reserve Chairman Ben Bernanke is expected to deliver a speech on Tuesday, while the minutes of the Fed's last meeting are expected on Wednesday. Both could potentially move markets, sensitive to any news that might shed some light on when the Fed could start tapering its bond-buying program.
(Read more: Christmas taper coming? This week will drop a hint)
"We don't think it will be long before tapering comes. It could come earlier than investors expect," Frederic Neumann, managing director and co-head of Asian economics research, told CNBC Asia's "Squawk Box" on Monday.
Elsewhere, the Bank of Japan concludes a two-day monetary policy meeting on Thursday, while the minutes from the Reserve Bank of Australia's latest meeting are due on Tuesday.
No major changes to policy are anticipated from Japan's central bank, but there could be some interest in Japanese trade data out on Wednesday, analysts said.
Exports are expected to rise 16.5 percent in October from a year earlier, according to a Reuters poll of analysts, after a rise of 11.5 percent in September.
Thai GDP due
Later on Monday, Thailand releases its third-quarter gross domestic product (GDP) data.
Economists polled by Reuters forecast the Thai economy expanded 2.9 percent on the year in the third quarter, compared with a 2.8 percent rise the quarter before.
(Read more: No capital controls for Thailand: Finance Minister)
Thailand's economy entered a technical recession in the second quarter, registering a 0.3 percent quarter-on-quarter contraction, after shrinking 1.7 percent in the first quarter.
"I think Thailand came out of a recession in the third quarter," said Neumann. "If you look at the fourth quarter, political turmoil is likely to weigh on economic growth so we're cautious on the outlook," he said, referring to recent anti-government protests.
—By CNBC.Com's Dhara Ranasinghe; Follow her on Twitter @DharaCNBC