Hong Kong Trade & Finance: Guangdong kept double-digit trade growth for five straight months, hitting a May import-export record of 948.19 billion yuan (+20.3% y/y), with Hong Kong among the top partners (+40.0%), a reminder that the Greater Bay Area’s supply chains are still accelerating. Cross-border Markets & Rates: Global risk sentiment improved after Trump said the US and Iran could sign a peace deal soon, lifting equities and easing oil; gold, however, headed for a second weekly drop as rate-hike expectations stayed sticky. US-China Tech Friction: China said it was “strongly dissatisfied” with the Pentagon’s updated list targeting major Chinese tech firms (including Alibaba, Baidu, BYD and solar makers Trina/JA Solar), warning of possible retaliation—another signal for Hong Kong’s tech and capital markets. Shipping & Green Maritime: Hong Kong rolled out incentive schemes to promote green maritime fuels and vessel registration, aiming to speed up decarbonisation in shipping. Construction & Automation Trials: Hong Kong’s Development Bureau will test ~150kg heavy drones to carry materials across multiple sites under a regulatory sandbox, targeting safer, cheaper maintenance and emergency response. Local Industry Tech: ROMA Green Finance set up an AI/HPC infrastructure investment vertical focused on energy-efficient, distributed compute paired with behind-the-meter power—an ESG angle on Hong Kong’s digital infrastructure push. Energy Deal Watch: ENN Natural Gas’ planned HK$90.5bn ENN Energy acquisition collapsed after missing regulatory approvals by June 12, underlining deal risk in the city’s energy sector.