Cross-border Wealth & Markets: Chinese investors are selling Hong Kong-listed stocks in record numbers as mainland AI-linked shares look more attractive, with Bloomberg-compiled ETF outflows hitting a weekly record and Goldman cutting H-share weight on “opportunity cost.” AI Funding Watch: DeepSeek is set to raise about 50 billion yuan in its first round, with Tencent and CATL among the biggest backers, underscoring China’s push for a self-sufficient AI stack. Hong Kong Tech & Research: HKUST and CalmCar have signed up to build a Physical AI Innovation Center aimed at full-stack physical AI for areas like robotics and autonomous driving. Local Finance & Regulation: HKMA has warned the public about fraud using fake e-HKD and fraudulent websites, while Hong Kong’s digital policy office unveiled new cybersecurity initiatives for 2026 amid rising AI-driven scam risks. Housing & Courts: An administrator overseeing the fire-ravaged Wang Fuk Court said it will arrange an owners’ meeting but is still reviewing the tribunal decision after a bid to extend deadlines was dismissed. Culture & Heritage: Haw Par Mansion is set to be restored as Villa Haw Par, a non-profit arts and culture hub opening to the public by end-2026. Sports & Community: Hong Kong will host Fiji Kulas for the first of two women’s friendlies, while “King Sir” Chung King-fai, a theatre titan, has died at 89.