HKEX IPO surge: Hong Kong Exchanges and Clearing posted record Q2 earnings, with net income up 21% to HK$5.38 billion as trading volumes stayed strong and IPO activity—especially AI and tech listings—kept the fundraising engine running. Prudential expansion: Prudential Hong Kong will lease 83,000 sq ft across Swire Properties’ One Taikoo Place and One Island East, expanding its long-term headquarters footprint and signalling confidence in the city’s insurance and wealth market. Customs crackdown on Opatra: Hong Kong customs arrested two Opatra London staff over allegations of aggressive, high-pressure sales tactics; the case follows multiple complaints and raids, with branches reportedly suspending operations. AI chip supply shift: ByteDance and Tencent reportedly received about 10,000 Nvidia H200 chips each after Beijing loosened its import block, with regulators steering buyers toward Hong Kong-linked channels. Robotics IPO mania: Unitree’s Shanghai debut sent shares up as much as 629%, underscoring investor appetite for China’s humanoid robotics theme. Cross-border logistics: UPS won US approval to transfer six weekly Hong Kong all-cargo frequencies to Clark, boosting capacity ahead of its expanded Philippines hub. Stablecoin infrastructure: OSL said Ceffu now supports USDGO custody, aiming to meet institutional requirements for independent third-party holding. Markets backdrop: Asian equities were mixed as tech stocks slid and oil prices rose, keeping rate-and-inflation worries in focus.