AGP Executive Report
Last update: 3 hours agoGrowth and Markets: Hong Kong’s economy grew 5.2% year on year in the third quarter, with exports and domestic demand supporting growth. September retail sales rose 6.4%, while restaurant receipts gained 3.1%. China’s reported pause on IPOs amid an AI-driven selloff adds uncertainty for regional markets. AI and Banking: The HKMA launched Project SAGE to address risks from AI agents in financial services and introduced a toolkit to prepare banks for post-quantum cybersecurity threats. Digital Finance: Standard Chartered launched corporate tokenised deposits in Hong Kong, enabling round-the-clock settlement through the HKMA’s EnsembleTX network, which is expanding to support more participants. GBA Links: Guangdong, Hong Kong and Macao officials pledged to deepen cooperation and attract investment to the Greater Bay Area. Separately, Hong Kong Airport Authority and Turkish Airlines signed an agreement to strengthen air links and aviation cooperation. Market Changes: Crypto.com plans to shut its Hong Kong consumer app in February 2027, citing regulatory changes.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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