AI Funding Watch: China’s DeepSeek is set to raise about 50 billion yuan (US$7.4b) in its first round, with Tencent and CATL among the biggest backers, valuing the startup at up to 400 billion yuan—another sign of how fast Hong Kong-linked capital markets are being pulled into China’s AI boom. China Capital Controls: Chinese investors are reporting tighter access to overseas trading platforms as Beijing pushes investors to use approved channels, with some accounts restricted to selling and withdrawing. HK Finance & Regulation: The HKMA warned the public about fraudulent websites and fake investment schemes tied to e-HKD, while Hong Kong’s securities regulator flagged AI-driven cyber threats for licensed firms. Wealth & Markets: RBC Wealth Management Asia is expanding in Singapore with a Global South Asia team and senior hires, as Asia markets ride AI optimism but oil stays sensitive to Middle East headlines. Property Stress in China: China’s property service firms are struggling to collect management fees amid the real estate slump, threatening revenue and upkeep. Local Governance/Disputes: An administrator overseeing Wang Fuk Court says it will arrange an owners’ meeting after a tribunal decision, but hasn’t set a timeline. Business Travel & Trade Links: Hong Kong’s CE leads a 70-member delegation to Kazakhstan and Uzbekistan to explore deals, including finance and direct air links. Payments: FOMO Pay in Singapore will add DuitNow QR acceptance ahead of the RTS Link opening in Jan 2027, boosting cross-border convenience for Malaysian visitors.