Wealth & Succession: Lombard Odier says Hong Kong’s private wealth rebound is shifting client priorities from wealth creation to preservation and orderly transfer, with succession “gaps” still hardest to fix. Luxury Retail Rescue: Harvey Nichols’ future is in focus as PR veteran Lynne Franks urges Mike Ashley to step in, after the luxury department store warned it could shut within a year without a rescue. AI Geopolitics: Manus, an AI agent startup, is restarting as an independent firm after Beijing blocked Meta’s $2bn acquisition, with some user data slated for deletion to meet jurisdiction rules. Infant Formula Trust: FrieslandCampina (Hong Kong) launched a batch-based test report lookup system after Macau ordered withdrawal of a Frisolac Prestige Stage 1 batch over lead levels. Applied Arts: MATA is using interactive forum theatre to tackle family conflict and youth emotional literacy, bringing stagecraft into community healing. Hong Kong IPO Watch: Reuters reports Shein is preparing a Hong Kong listing as early as Aug. 19, targeting a $30–$40bn valuation amid tariff and margin pressure. Market Mood: Hong Kong tech shares slipped as JD.com fell nearly 3% ahead of earnings, while global markets stayed cautious on oil and US inflation. Energy Shock Factor: Marine heatwaves are being flagged as a public health threat, with researchers calling for emergency-style recognition as ocean warming cascades into health harms. Finance Infrastructure: Deutsche Bank was named Europe’s first non-Chinese yuan clearing institution, giving EU firms a more direct, regulated gateway into China’s cross-border payments. TVB AI Push: Hong Kong broadcaster TVB plans an AI computing joint venture to diversify revenue, building on its ByteDance collaboration.