AGP Executive Report
Last update: 6 hours agoAI Safety Shock to Markets: Calls from top AI leaders to slow development triggered a tech sell-off, dragging AI-linked stocks in Asia and Hong Kong, with SoftBank among the biggest losers. Energy & Inflation Pressure: Oil jumped after Saudi Arabia shut a key pipeline amid Red Sea drone attacks, while diesel prices in the US topped US$6 a gallon—raising rate-hike worries. Hong Kong Silver Economy: Financial Secretary Paul Chan said Hong Kong’s ageing-driven “silver economy” could reach HK$500b by 2034, urging tech-enabled eldercare. Northern Metropolis Land Clearances: Hong Kong began clearing villages and wetlands for a HK$224b Northern Metropolis tech hub, displacing long-time residents. Cybersecurity Collaboration: Hong Kong officials led a cybersecurity delegation to China Cybersecurity Week events in Jinan and Guangzhou, focusing on AI security governance. Fintech Funding: Qupital raised US$300m to expand cross-border trade financing using an AI risk engine. Personal Finance Update: MoneyHero reported Q2 revenue of US$15.8m and a net loss, with Hong Kong and Singapore still core markets. IPO & Tech Capital: Forms Syntron’s HK$940m listing drew cornerstone investors tied to Hong Kong’s tech IPO push. Security Alert: Over 700 Hong Kongers reported iPhone 18 Pro-related credit card scams, with police investigating unauthorised orders.
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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