Belt and Road in Hong Kong: The 11th Belt and Road Summit opened with John Lee saying Hong Kong turns the initiative into “tangible global benefits,” citing 323bn US dollars in trade with partner economies and 32 signed MOUs on day one across finance, professional services and construction. Banking & credit push: China injected 540bn yuan into major state banks to shore up capital and spur lending, though analysts say the scale still falls short of what’s needed to revive growth. AI finance and listings: DeepSeek is reported to be working with CITIC Securities on a STAR Market IPO process, as it seeks fresh capital for compute, model work and talent. Cross-border payments upgrade: Citi plans tokenized deposits for instant cross-border foreign currency transfers for Japanese corporate clients, potentially beyond standard banking hours, linking Japan with Citi hubs including Hong Kong. Oil shock for industry: Brent jumped above $100 a barrel on renewed US-Iran tensions, raising inflation fears and rattling global markets. Local business ties: Bangladesh and Hong Kong signed an investment promotion and protection agreement at the summit, while Bangladesh’s minister urged Hong Kong investors to expand into high-tech, green tech, renewables and light engineering. Hong Kong leadership legacy: Tung Chee-hwa, Hong Kong’s first post-handover chief executive, died at 89, with tributes highlighting his role in early integration under “one country, two systems.” Tourism marketing: The Hong Kong Tourism Board launched “Only in Hong Kong,” a new global campaign built around street-level moments and local textures. Smart manufacturing cooperation: Huachen AI Parking signed a framework cooperation with Hong Kong-based Beyinda to expand precision metal components into mainland new-energy vehicle, charging and energy storage markets. Food and logistics trade: Philippines exporters reported 290.71m US dollars in export sales tied to Asia Fruit Logistica in Hong Kong, including deals for Cardaba bananas and work on preservation tech for transit.