Labour Policy: Hong Kong’s Enhanced Supplementary Labour Scheme tightens imported-worker rules from 16 June, with a tiered vetting mechanism; food and beverage services are first hit, moving to a stricter 3:1 manning ratio (local to imported) plus longer local recruitment and mandatory job-fair attendance. Infrastructure & Northern Metropolis: AtkinsRéalis and AECOM win a design-and-construction contract for the Northern Metropolis Highway (San Tin Section), a key 9km east-west corridor linking major roads and supporting new housing and tech development. Mainland-HK Coordination: Xia Baolong begins a Hong Kong visit focusing on housing and Northern Metropolis, touring a modular-built public housing project using mainland factory-made modules. ESLS/Workforce Planning: The government also launches public consultation on the first five-year economic and social development plan (2026-2030), setting out priorities from Northern Metropolis to green transformation and livelihood measures. Capital Markets: MMG seeks about $1.6b via a share placement and $800m convertible bond sale to refinance debt and fund growth. Shipping & Trade Risks: EU sanctions expand to more Russia-linked shipping and shadow-fleet networks, including entities tied to Hong Kong-registered firms. Energy/Geopolitics: Markets digest the US-Iran framework toward reopening the Strait of Hormuz, while oil prices ease and investors watch the details ahead of a Geneva signing. AI & Manufacturing: Kingboard Laminates surges on AI hardware demand, highlighting Hong Kong’s role in the electronics supply chain.