Hong Kong Financial Connectivity: The PBOC, HKMA and SFC welcomed HKEX’s plan to link with CFETS via the new FIC Trading Platform for fixed income and currency trading, aiming to deepen offshore RMB business and boost Hong Kong’s role as an international financial centre. Capital Markets Watch: Momenta began trading in Hong Kong after its IPO, underscoring investor appetite for AI and autonomous driving listings even as global tech sentiment stays jumpy. Regulatory & Integrity: ICAC tabled its 2025 annual report in LegCo, highlighting anti-corruption results and international recognition, while Hong Kong Customs arrested a hobby shop owner over alleged non-delivery and payment-related fraud. Health Oversight: Lawmakers pushed for a 24-hour reporting rule after an IVF embryo biopsy specimen mix-up at HEAL Fertility went undisclosed for weeks, calling for tighter definitions of “serious incidents.” Cross-border Crime: Authorities charged people over a gold-smuggling and VAT-fraud scheme using electronics shipments routed through Hong Kong. Geopolitics & Markets: Fresh US strikes on Iran sent oil prices up sharply and rattled equities, feeding broader risk concerns that spill into Asia’s trading mood. China-Taiwan Tensions: China’s coast guard “law-enforcement patrols” east of Taiwan raised blockade-style fears, adding to regional uncertainty.