Hong Kong AI & finance policy: The Insurance Authority welcomed three more insurers into its AI Cohort programme, bringing core participants to 10 since August 2025, as it pushes insurers to build Centres of Excellence and roll out AI use cases with stronger governance. Markets & rates: Hong Kong stocks slipped as investors priced in potential US Fed hikes; the dollar held a more-than-two-month high while the yen weakened toward intervention territory. Corporate funding & listings: Lenovo plans to raise US$2 billion via 2033 zero-coupon convertible bonds in Hong Kong to refinance debt and support buybacks, while CSOP launched the city’s first ETF tracking Korea’s Kospi 200. Tech governance: BNP Paribas blocked staff access to Anthropic’s Claude models in Asia, joining other banks tightening controls on third-party AI tools. Hong Kong property & housing: The Housing Authority approved a 2026-27 PRH allocation forecast of about 34,500 flats (up 44%), and also approved two new subsidised sale flat schemes to expand rental options and help elderly owners. Local operations: The observatory hoisted the highest black rain signal, closing schools, and the Labour Department urged employers to set contingency work arrangements during rainstorm warnings. Cross-border business: Preparations for the 9th China-Eurasia Expo in Xinjiang are complete, with 2,000+ exhibitors and Hong Kong/Macau investment promotion pavilions.