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According to informed sources, the Hong Kong government plans to raise HKD 15 billion to 20 billion (USD 1.9 billion to 2.6 billion) by issuing multi-currency digital green bonds, which will be the largest transaction of its kind globally.The sources said that these bonds will be denominated in US dollars, Hong Kong dollars, euros, and offshore renminbi, with pricing potentially as early as next Monday. Due to the involvement of undisclosed information, the sources requested anonymity. The Hong Kong government has commissioned several banks to arrange a series of fixed income investor meetings this week.

The Hong Kong Securities and Futures Commission announced the implementation of the strategic action plan for the first five-year plan, which will shortly introduce a new licensing system for digital assets, and implement digital asset custody supervision, CrypTech market supervision, and anti-money laundering capability building.In the medium to long term, it will develop a regulatory framework for tokenized investment products as needed, covering tokenized gold and other real-world assets. The agency will also support the Hong Kong Special Administrative Region government in establishing a central clearing and settlement system for gold, and developing gold and commodity products priced in Renminbi.

According to Zhitong Finance, on September 23, the President of the Hong Kong Monetary Authority, Eddie Yue, stated in a speech at the Treasury Markets Summit that Hong Kong's stock, currency, and bond markets have matured, and digital finance is rapidly emerging.The Centralized Debt Instruments Settlement System (CMU) will launch new services by the end of this year, providing on-chain 24-hour real-time settlement, supporting digital Hong Kong dollars and central bank digital currencies (CBDC), and will also explore the acceptance of tokenized deposits and regulated stablecoins for settlement on the platform.

The research report from Shenwan Hongyuan indicates that in the second half of the year, the core fluctuation range of the 10-year U.S. Treasury yield may be between 4.5% and 5%. The U.S. dollar index is positively correlated with oil prices in the short term, and the U.S.-Iran conflict may lead to upward pressure on the dollar index.Inflation expectations linked to oil prices are the core variable for short-term interest rates, potentially falling back to 4.3% in an optimistic scenario, while in a pessimistic scenario, it may exceed 5%.

The AI Summit (China·Chongqing Station) hosted by the renowned Asia-Pacific incubator Star River is about to open, with the event scheduled for September 28, 2026. Star River founder Jemmy, co-founders River He and Bison Liu will attend the summit.This summit focuses on cutting-edge innovative technologies in the AI industry, conducting in-depth discussions around the application of AI technology and the construction of industrial ecosystems. DGrid AI, as a partner of this summit, will participate in discussions on relevant topics. DGrid AI, as a decentralized AI intelligent reasoning network, provides developers with low-cost, verifiable AI multi-model calling services through a unified access layer.The summit gathers industry peers and sincerely invites AI enthusiasts from all walks of life to come and exchange ideas, jointly exploring new opportunities in the AI industry and promoting collaborative innovation and development in the industry.

On September 21, netizen "Zhang Kangkang kk" revealed on social media that Tang Jie, the founder of Zhipu and a professor at Tsinghua University, filed a complaint on Xiaohongshu regarding a user post. The complaint stated that the post used phrases like "code is pretty much the same as copy, both start with c and steal code" without factual basis, fabricating rumors that Zhipu's ZCode was involved in code theft and plagiarism. It also used terms like "Uncle Tang Jie" to associate Tang Jie with the plagiarism rumors for character defamation, while utilizing AI technology to synthesize Tang Jie's image with anime materials in a defamatory context. The complainant believed the content constituted malicious defamation and commercial disparagement, damaging both Tang Jie's personal reputation and Zhipu AI's reputation, and requested the platform to take down the post and deal with the user who posted it.On the same day, Zhipu announced that it had completed rectifications regarding the safety issues of the independent desktop AI programming client ZCode in response to community feedback and apologized to all users. The company has open-sourced ZCode, handing over the code to community supervision, and will establish a regular product security vulnerability mechanism moving forward. Previously, developers discovered that ZCode had silently uploaded user local repository data without prior notice. On September 18, Zhipu publicly apologized and made an emergency fix, explaining that the root cause was the "repository indexing" feature, which was enabled by default and had no option to turn it off. On September 20, Taiyuan Chengming Technology Co., Ltd. sent a letter to Zhipu, accusing ZCode of unauthorized uploading of company data assets and trade secrets, making claims for rights protection and reserving the right to pursue legal responsibility.

TSMC's 2-nanometer N2 mass production marks the transition of advanced semiconductor processes from FinFET to GAA generation. Industry analysts point out that with the simultaneous increase in process complexity, CMP track counts, wafer monitoring frequency, and material specifications, the demand for equipment, CMP consumables, reclaimed wafers, and advanced materials is rising, providing growth opportunities for suppliers like Zhongsha, Shengyang Semiconductor, Xinying Materials, and Songsheng. TSMC's N2 adopts nanosheet GAA technology, which can improve performance by 10% to 15% at the same power consumption compared to N3E, or reduce power consumption by 25% to 30% at the same speed, with chip density increasing by over 15%.In Zhongsha's largest customer Diamond Disk business, advanced processes account for 63%, with N3 and N2 each accounting for 22%, and 1.4 nanometers already shipped in small quantities; after N3 enters N2, the value of CMP content increases by 10% to 15%. Shengyang Semiconductor's monthly production capacity for reclaimed wafers is adjusted to 1.1 to 1.2 million pieces by the end of 2026, with a capital expenditure budget of 4.82 billion yuan for 2026, and it is estimated that the compound annual growth rate for reclaimed wafer expansion from 2025 to 2029 will reach 25% to 30%. Xinying Materials' core products Rinse, BARC, and EBR are expected to see shipments rise seasonally as N2 capacity ramps up, while Songsheng's semiconductor revenue accounted for 66% in the first half of the year, with a year-on-year increase of about 25%, and TSMC-related revenue increased by about 170% year-on-year.

According to the Industrial and Commercial Times, TSMC is advancing the 1.4 nanometer (A14) advanced process and accelerating the construction of the Central Science Park's fourth factory. As of early September 2026, the construction progress of the Central Science Park Phase II P1 factory is smooth, with completion expected in April 2027, followed by equipment installation and trial production; the P2 factory is being advanced simultaneously, with completion expected by the end of 2027 for equipment adjustment with the P1 factory and readiness for mass production.The report states that all four 1.4 nanometer wafer fabs in the Central Science Park are expected to be completed and enter large-scale mass production by the second quarter of 2028. Major customers for A14 include Apple, NVIDIA, AMD, Qualcomm, MediaTek, Broadcom, and cloud service providers, with an estimated monthly capacity of 120,000 to 160,000 12-inch wafers, contributing an estimated annual revenue of $45 billion to $52 billion for TSMC.

A former bank executive was recently sentenced for forging documents to fraudulently obtain over 1.6 billion Hong Kong dollars in illegal loans, and using the funds to purchase Bitcoin and conduct cryptocurrency bribery.

The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Xu Zhengyu, stated at a press conference on financial development measures for the first five-year plan for economic and social development and the Chief Executive's 2026 Policy Address that digital assets and financial technology are new growth engines for Hong Kong, with digital bonds issued in Hong Kong accounting for about 50% of the global share.Before the end of 2026, a pilot program for the tokenization of Exchange Fund Bills will be implemented, and the Central Moneymarkets Unit (CMU) will establish a digital asset platform within 2026 to provide one-stop services for digital bond issuance and settlement. In terms of regulation and market development, this includes improving the licensing system for virtual assets, enhancing the regulatory framework for tokenized investment products, promoting the trading of regulated stablecoins on licensed platforms, and encouraging the expansion of compliant stablecoin application scenarios.

Huaxia Fund (Hong Kong) announced the completion of Hong Kong's first case of investing in digital assets with the Hong Kong dollar stablecoin HKDAP, in collaboration with Standard Chartered Bank and others. This demonstrates how regulated Hong Kong dollar stablecoins can interact with digital financial assets under a compliant and regulatory framework, providing investors with more diversified investment options.HKDAP is a Hong Kong dollar stablecoin established under the leadership of Standard Chartered Bank (Hong Kong) and issued by the licensed stablecoin issuer Anchor Financial.

According to Ledger Insights, the Hong Kong Monetary Authority plans to launch a wholesale central bank digital currency (wCBDC) for interbank settlement by the end of this year, as part of Project EnsembleTX, for 24-hour settlement of tokenized deposit transactions.The project is set to enter the real transaction pilot phase by the end of 2025, but currently, interbank settlements still rely on the RTGS system that operates only during working hours. The wCBDC will be used to address this limitation. In addition, the wCBDC is also planned to be used for the settlement of over-the-counter derivatives trading on the Hong Kong Stock Exchange (HKEX), with the goal of implementing related real fund transactions within this year.

According to reports from the investment community, ByteDance has hired former Coatue China head Kai Jiang to join its financial investment team based in Hong Kong, reporting to ByteDance CFO Gao Zhun. Kai Jiang previously led investments in Asian technology and consumer sectors at Coatue, participating in projects such as Zhiye Bang, Kuaikan Manhua, and CertiK.The report states that ByteDance's financial investment business has not been interrupted but will shift towards a more prudent approach, focusing on returns and core sectors. Recently, ByteDance has invested in companies such as Shengshu Technology, Yingmou Technology, and Ziwenti Robot, covering areas like embodied intelligence, AI infrastructure, and 3D generation. This move is seen as a watershed moment for ByteDance to reactivate its external investments in the AI era.

According to the South China Morning Post, citing two informed sources, some well-known Chinese companies, including electric vehicle manufacturer BYD and smart manufacturing company Xiaomi, may accompany President Xi Jinping on his visit to the United States next week. One source, who requested anonymity due to the sensitivity of the topic, indicated that a representative from Zhongji Xuchuang, a leading manufacturer of optical modules used in artificial intelligence data centers, may also join, although recent reports have suggested that the company may face U.S. export restrictions.The source also mentioned that the Bank of China, which already has business operations in the U.S. and a high degree of internationalization, may also be invited. Reports suggest that this sizable delegation of corporate representatives contrasts with the group of CEOs that accompanied President Trump during his visit to China in May this year, potentially indicating investment opportunities during the summit.

The Hong Kong Special Administrative Region Government released the 2026 Policy Address, further expanding the application of digital assets in traditional financial markets. The Securities and Futures Commission will improve the virtual asset licensing system and the regulatory framework for tokenized investment products, promoting the issuance and trading of gold and other suitable real-world assets on licensed platforms.Hong Kong also plans to normalize the issuance of digital bonds and explore the full lifecycle applications of digital currency for settlement, dividend distribution, and redemption. The Monetary Authority will test the tokenization operation of over HKD 1.3 trillion in foreign exchange fund notes by the end of the year and plans to achieve CBDC settlement and 24/7 operation of EnsembleTX by the end of the year.

The Consensus conference organized by CoinDesk will be held in early February 2027 in Hong Kong, marking the third consecutive year the event takes place in Hong Kong. The previous events in 2025 and 2026 attracted over 10,000 attendees.This year's Consensus in Hong Kong will focus on two main themes: institutional adoption of digital assets and artificial intelligence, with AI expected to receive more attention than in previous years, reflecting its growing role in the future monetary system. Hong Kong, with its robust regulatory framework and status as a global financial center, is regarded as one of Asia's leading digital asset hubs, and Asia is often considered the region with the highest adoption rate of digital assets.Last year's Consensus in Hong Kong featured speakers including Binance Co-CEO Richard Teng, Solana Foundation President Lily Liu, Tron founder Justin Sun, and Consensys CEO Joseph Lubin.

According to Bloomberg, AI computing network manufacturer Ligent Technologies Inc. plans to conduct an IPO in Hong Kong, intending to issue 172 million shares at an offering price of HKD 32.96 per share, raising up to HKD 5.7 billion (approximately USD 727 million) in total.The company is headquartered in San Jose, California, USA, and has a Chinese background. The stock is expected to officially list for trading on September 22.

According to reports from Huigang Communications, in the past week, the Hong Kong police received over 40 investment fraud cases, with total losses exceeding 50 million Hong Kong dollars. One elderly man in his seventies received a message via WhatsApp from a stranger claiming to be a "cryptocurrency investment expert" from Singapore. Following the instructions, he opened a wallet and purchased USDT and ETH, then downloaded a counterfeit investment app provided by the other party and transferred his assets to a designated address.The fake app initially showed profits, prompting him to double his investment. It was only after being refused when attempting to withdraw that he realized he had been scammed, with losses exceeding 13 million Hong Kong dollars.