AGP Executive Report
Last update: 4 hours agoFintech: The HKMA launched Project SAGE to address risks from AI agents in finance, while Standard Chartered introduced tokenised deposits that enable round-the-clock settlement across participating banks. Economic Growth: Hong Kong’s GDP grew 5.2% in the third quarter, supported by exports and domestic demand; September retail sales rose 6.4%, and restaurant receipts increased 3.1% year on year. Aviation: Airport Authority Hong Kong and Turkish Airlines agreed to deepen cooperation on air links, cargo, operations and talent training, as the airline positions Hong Kong as a second hub. Greater Bay Area: Regional officials pledged to keep building a world-class bay area, with science and technology collaboration and industrial investment high on the agenda. Building Maintenance: Following the deadly Wang Fuk Court fire, the government announced tighter oversight of building repair work and measures to combat bid-rigging in maintenance and renovation projects.
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