AI & Financial Stability: HKMA chief Eddie Yue warned Hong Kong to brace for an “AI bubble” risk and the threat of quantum computers that could undermine encrypted finance, urging banks to keep strong capital buffers and resilient risk controls. Healthcare Governance: The Medical Council of Hong Kong said it restarted and completed a disciplinary inquiry after a cerebral palsy case judgment, stressing a fair, efficient process and aiming to end prolonged pressure on the doctor and family. Northern Metropolis Planning: The first Northern Metropolis pilot tender drew only two confirmed bidders, with the “two-envelope” model pushing developers to build an innovation ecosystem alongside housing—an approach some firms appear reluctant to take on. Cross-border Youth & Jobs: More Hong Kong students are choosing mainland summer internships as placements expand, with corporate slots up sharply since 2023. National Security & Public Narrative: A Hong Kong museum exhibit added an “absconders” wall tied to Australia-linked foreign interference cases, including bounties on named activists. Regional Security: Taiwan condemned new Chinese patrol orders east of the island as undermining the status quo, while Marcos said China’s sanctions on a Philippine defense chief were “very unhelpful” and only raise tensions. Public Events & Military Presence: Residents toured PLA Navy ships during a five-day open-ship visit marking the 29th anniversary of the 1997 handover. Aviation Incident: Cathay Pacific evacuated passengers after smoke was reported in the cabin on landing in Hong Kong, with preliminary findings pointing to an overheating air-conditioning system.