Hong Kong Fire Inquiry: An independent committee probing the deadliest Hong Kong fire in decades is hearing final arguments in the Wang Fuk Court blaze that killed 168 people, with hearings due to wrap up Friday. Airport Watch: Hong Kong International Airport’s net profit fell 16.8% to HK$2 billion for 2025-26 as expenses rose on third-runway operating costs and last year’s aircraft salvage work, though revenue and passenger/cargo volumes grew. Aviation Connectivity: Cathay Pacific will add four Latin American destinations via Madrid through Iberia code-share, while boosting Madrid frequency to daily from Oct 25. AI Governance: The government outlined new AI governance, computing, security and training plans for wider public-sector adoption, including work led by the Digital Policy Office. Crypto & Funds: Hong Kong approved its first “digitally native” tokenised fund, letting investors hold direct legal ownership on a public blockchain, as the city steps up its challenge to the US crypto hub. Tokenised Capital Markets: DigiFT and SBI Global Asset Management launched a tokenised Japanese high-dividend equity fund on Solana, targeting accredited and institutional investors. Autonomous Vehicles Pilot: Transport Department issued a pilot licence for autonomous light-bus trials linking Hong Kong Science Park and MTR University Station. Business & Legal: Dentons hired an ex-Ashurst partner to expand disputes capabilities in Hong Kong, while Wilson Sonsini and King & Wood led on Dtech Technology’s $598m HK listing. China Macro Spillover: China’s Q2 growth slowed to 4.3% (weakest in over three years) as weak domestic demand offset export strength—an external backdrop for Hong Kong investors. Luxury Demand: Richemont reported strong Q1 sales growth driven by jewellery, with share price jumping on the update.