Hong Kong R&D Funding: The Research Grants Council announced a record HK$478m package for 12 projects under its Areas of Excellence and Theme-based Research schemes, with TRS support spanning healthcare, green tech and AI. Local University Boost: PolyU said four RGC-funded projects total over HK$124m, including AI work tied to green fuels, smart manufacturing and the silver economy. Digital Finance & Markets: HKMA welcomed CMU’s direct linkage with Switzerland’s SIX and the launch of CMU OmniClear equity post-trade services, extending Hong Kong’s cross-border market connectivity. Crypto Tokenization: Bybit teamed with Finloop to offer FUIDL, a tokenized USD liquidity product backed by an AAA-rated money market fund, enabling it as collateral on Bybit. Cybersecurity Watch: A new Android RAT called “Flying Eagle” abuses Accessibility Services for keylogging, screen capture and gesture injection after fake PSB-themed app installs. AI + Policy Backdrop: A Reuters report says Asia’s AI-led chip rally is flipping into a rout as investors question whether spending will pay off, with Hong Kong stocks holding up better than parts of the region. Construction AI Push: Hong Kong launched the Smart QS Hackathon 2026 to apply AI to quantity surveying and speed up public works contract and payment processes. Energy Tech at HK Electronics Fair: Pknergy showcased “Modular Energy Flexibility” battery assembly solutions at HK Electronics Fair 2026. Regional Dealmaking: Guangdong, Hong Kong and Macao held a Beijing matching conference linking SOEs with GBA investment funds to accelerate industrial collaboration. Stock Move: The Hang Seng Index closed up 1.96% to 25,807.92.