Hong Kong Banking Leadership: DBS says Sebastian Paredes will retire from executive duties on 1 March 2027, handing the Hong Kong CEO role to Ng Sier Han, as the bank leans further into digital, data and AI to grow wealth and corporate banking. AI & Public Services: Hong Kong’s Digital Policy Office hosted an “AI+ Civil Service” session, with the government pushing 30 AI efficacy projects across 13 departments to speed up workflows and reduce waiting times. AI Industry Momentum (Mainland): Xinhua reports China is building a locally tailored but nationally coordinated AI ecosystem, with surging demand for AI terminals and expanding computing capacity. Heavy-Duty AI IPO Momentum: CiDi, newly listed in Hong Kong, reported 97% revenue growth in 1H 2026 and sharply improved gross margin and cash position. Pharma Services Resilience: Hong Kong-listed pharma contractors rose as investors bet on continued demand despite US pressure to cut Chinese supply-chain reliance. Tech Deal Watch: Alibaba is selling Lingxi Games to Trustar Capital in a deal aimed at funding its AI push, underscoring how gaming assets are being monetised for AI and data centres. Shipping Safety Spotlight: A toxic gas leak at a shipbreaking yard in Bangladesh killed nine workers, renewing calls for real oversight of “green” recyclers. Markets Mood: Asian shares were mixed after US stocks slipped from records on softer US retail sales and weaker consumer sentiment, keeping rate expectations in focus.