AI & Chips in Hong Kong Capital Markets: Moonshot AI, one of China’s top AI labs, has reportedly closed a final funding round at about a $50B valuation and is lining up a Hong Kong IPO in Q1 next year, potentially raising up to $5B—another big signal that HK remains a key listing venue for AI. AI Data Center Power & Cooling: Green Circle Decarbonize Technology says it’s moving into AI data center infrastructure with ultra-low energy liquid cooling, aiming to cut thermal management costs as AI workloads drive higher power demand. Cybersecurity: Korean police opened a formal probe into AI-assisted attacks on financial firms, assigning 28 investigators and coordinating with regulators to determine whether cases fall under broader cybercrime jurisdiction. Cross-border Tech & Finance: Ant International and HSBC expanded real-time treasury management in the Middle East using tokenised deposits, including pilots linking the UAE with Hong Kong and Singapore. Hong Kong Tech & Infrastructure: Huanggang Port’s redeveloped “collaborative inspection” automated channels will let eligible HK residents clear both sides in one queue via the HK e-Channel app. Markets Watch: Hong Kong’s Hang Seng rose about 1% as tech and pharma led gains, while broader Asia stayed mixed amid concerns over higher government borrowing costs. Hong Kong Events: HKCEC reported 786 events in FY2025–26 (7.7M attendance) and highlighted 25 new exhibitions and conferences, reinforcing its role as a regional innovation and tech convening hub.