Forced-Labour Trade Crackdown: The US Trade Representative moved under Section 301 against 60 economies for failing to ban forced-labour imports, proposing responsive action that could reshape trade talks. Mainland Finance Push: Shanghai issued new guidance to build a global asset management hub, targeting CNY55 trillion by 2030 and stressing cross-border yuan allocation and risk control. Hong Kong Capital & Markets: Chinese investors pulled record flows from Hong Kong-listed stocks as AI-linked mainland shares looked more attractive, with analysts pointing to “opportunity cost” for staying in H shares. Local Policy & Courts: An administrator overseeing the fire-ravaged Wang Fuk Court said it will review the tribunal decision and arrange an owners’ meeting, after a bid to extend deadlines was dismissed. CE’s Central Asia Tour: Chief Executive John Lee led a 70-member delegation to Kazakhstan and Uzbekistan, pitching Hong Kong as a “super-connector” for trade, finance and technology links. Innovation & Tech: HKUST and CalmCar signed up to set up a Physical AI Innovation Center, aiming to advance full-stack physical AI for robotics and smart manufacturing. Space Milestone: China launched Shenzhou-23, with Li Jiaying (Lai Ka-ying)—a Hong Kong Police Force veteran—becoming the first HKSAR taikonaut. Cyber/Finance Security: HKMA warned the public about fraudulent websites and fake investment schemes tied to e-HKD. Wealth & Infrastructure: Hong Kong’s push to strengthen cross-border wealth management continues alongside major airport upgrades, including Terminal 2 opening.