Data Centres & Power Chain: A surge in data-centre builds is lifting demand for transformers and advanced cooling, with lead-time bottlenecks becoming a key constraint for operators and suppliers. AI Aviation Decarbonisation: Cathay Pacific and Google are expanding AI trials to cut contrail warming, building on early results showing about 40% less warming impact on tested flights. Digital Assets & Trading: OSL Exchange says it has become Hong Kong’s largest digital-asset trading platform, ranking first in spot and stablecoin volumes. Cross-Border Healthcare: AXA Hong Kong and Macau launched GBA EverGuard medical insurance aimed at Greater Bay Area diagnosis, treatment and rehabilitation, responding to rising mainland demand. Solar Policy & Imports: The government approved duty and tax waivers for importing machinery and spare parts for renewable solar power plants, plus related tax changes. Stablecoins & FX Liquidity: TransFi’s CEO warns local-currency stablecoin growth will strain 24/7 FX liquidity and increase conversion costs outside normal trading hours. Sanctions-Era Bullion Flows: Russian gold imports to Hong Kong hit a record near 100 tonnes in the first seven months, as Western restrictions push trade toward Asian hubs. Retail & Consumer: Shein’s Hong Kong IPO continues to disappoint, with shares down sharply in the first week after pricing at HK$48.56. Food Safety: Hong Kong authorities prosecuted a restaurant after a viral case involving a live newborn rat found in a takeaway lunchbox. Telecom Legal Watch: Huawei’s US RICO trial is set to begin, framing the case as a major test of how telecom sanctions and alleged criminal enterprise claims are handled.