AGP Executive Report
Last update: 10 hours agoHong Kong Growth Watch: Hong Kong’s economy grew 4.3% year-on-year in Q2 2026, driven by a surge in goods exports (+28.8%) and resilient domestic demand, with the government flagging “solid” momentum for the second half. Monetary & Fiscal Snapshot: The HKMA said Exchange Fund assets rose to HK$4.46 trillion as of June-end, while June data showed deposits up slightly (+0.1%) and loans rising (+1.3%). Separately, the government reported a Q2 surplus of HK$12.8 billion, supported by a one-off transfer to the Capital Works Reserve Fund. Regulatory Clampdown: The SFC ordered Futu to freeze about HK$125m in client assets tied to suspected IPO fraud involving a false demand scheme. Web3 Governance: The government appointed three non-official members to its Web3 Development Task Force, aiming to guide Hong Kong’s push toward a responsible digital asset hub. Tech & Markets: DeepSeek released a public beta of its V4 Flash model, intensifying AI price competition, while Hong Kong’s biotech and AI ecosystem also saw momentum with HKSTP announcing a PIC/S GMP-certified stem cell facility milestone.
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