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According to the Hong Kong Wen Wei Po, the Hong Kong Police Commercial Crime Bureau, together with the Macao Judiciary Police, launched a cross-border joint law enforcement operation codenamed "Junli" from August 1 to 3, successfully cracking down on a fraud criminal group that claimed to be involved in virtual currency investment.The Hong Kong police arrested 1 man and 5 women (aged 51 to 64) on charges of "conspiracy to commit fraud," with those involved including company directors, shareholders, company secretaries, and key promotional members; the Macao Judiciary Police also arrested 2 women involved in the case on charges of "aggravated fraud." As of August 3, the Hong Kong police had received a total of 225 reports, with losses amounting to approximately 94 million Hong Kong dollars; the Macao police received 9 reports, involving losses of about 3.6 million Macao patacas, totaling over 97 million.

According to exclusive reports from Huxiu, Alibaba has internally regarded "AI Office" as one of its strategic directions and has completed the integration of organization and products: the original Wukong Business Unit has been upgraded to "Qwen Office Business Unit," led by Chen Yusen, combining the three products QoderWork, Wukong, and MuleRun into Qwen Office (QwenWork), with the three products and teams no longer existing separately. Qwen Office began public testing on August 3, with the web version and PC client now available, and the DingTalk entry will be launched soon. On the same day, Alibaba released the Qwen3.8 model, enhancing Coding and Cowork capabilities.Alibaba positions Qwen Office as a "enterprise-level AI productivity platform aimed at corporate organizations," rather than a personal office tool, and will not focus on user numbers and monthly active users as core assessment targets in the short term, instead concentrating on product experience and enterprise scenario implementation. The Qwen Office Business Unit is also responsible for DingTalk, intending to leverage the million-level enterprise customer resources accumulated by DingTalk. According to data analysis from Analysys, in June, the desktop access volume of AI office intelligent agents was led by Tencent WorkBuddy with approximately 20.97 million visits, followed by Byte's TRAE IDE with about 12.79 million, and Alibaba's QoderWork with around 7.88 million (Wukong had an additional 1.31 million visits). This integration is viewed internally as a key step to catch up with Tencent and Byte. Following the news, Alibaba's Hong Kong stock rose by over 7% on August 3.

Earlier market news indicated that Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, potentially raising about 3 billion dollars. In response, Dark Side of the Moon stated that the news is false.

According to market news, Dark Side of the Moon (Kimi) plans to submit its Hong Kong IPO application as early as this month, aiming to raise approximately $3 billion. As of the time of publication, Dark Side of the Moon has not publicly responded to or confirmed this matter.

According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index rising by 0.48% and the Hang Seng Tech Index rising by 0.96%; Alibaba closed up 7.01% for the day.

Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen announced that there will be an official announcement regarding the issuance of the Hong Kong dollar stablecoin HKDAP. At the same time, a distribution agreement will be signed, with its subsidiary Dingdian Financial acting as the issuer of the stablecoin, adopting a business-to-business-to-consumer (B2B2C) model. It will not connect directly with end users but will distribute through recognized distributors to its relevant corporate and institutional client base, including small and medium-sized enterprises, traders, service providers, fund companies, and individual users, for cross-border settlement. Other application scenarios also include tokenized assets.

The Hong Kong Securities and Futures Commission has announced that BiFinance has been listed as a suspicious virtual asset trading platform. The Hong Kong Securities and Futures Commission stated that the company claims to be licensed in Hong Kong and asserts that it offers digital asset trading services such as spot, futures, and wealth management on its website, as well as other services related to digital assets. However, the company is not licensed by the Securities and Futures Commission and is suspected of conducting unlicensed activities.

According to The Block, the Hong Kong police stated that a local insurance practitioner fell victim to a fraudulent cryptocurrency investment romance scam, with total losses exceeding 26 million Hong Kong dollars, approximately 3.3 million US dollars.

According to Jinshi, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission jointly announced new measures to deepen practical cooperation and closely coordinate development between the two markets, covering various areas such as listing financing, index cooperation, futures products, exchange-traded funds (ETFs), internationalization of financial institutions, green finance, and facilitation of professional qualifications.

On August 3, Wu Qing, Chairman of the China Securities Regulatory Commission, stated at the five-year Chinese government bond futures listing ceremony held at the Hong Kong Stock Exchange that efforts will be made to optimize the offshore listing filing process, enhance standardization and transparency, and actively support eligible mainland enterprises to list in Hong Kong.

According to Gate market data, Hong Kong tech stocks continue to strengthen, with Alibaba rising over 6%, Baidu, Kuaishou, and Tencent Holdings all rising over 3%, and Bilibili rising over 2%.

According to Gate market data, the Hong Kong stock market opened, and the Southern Double Long Hynix fell over 13%.

According to Gate market data, the Hong Kong stock market opened with the Hang Seng Index rising by 0.4% and the Hang Seng Tech Index rising by 0.68%. Alibaba opened up by 3.42%, and Xiehe New Energy opened up by 14.08%. The company announced recently that it has signed a power purchase agreement with Tesla.

According to a report by Hong Kong 01, "Fun Coffee," which claims to be rooted in Vietnam, just entered Hong Kong at the end of 2025 and was warned by the Hong Kong Securities and Futures Commission in July 2026 for being a suspicious investment product. The company appears to be investing in the coffee business, but in reality, it is a virtual currency investment scam with annual interest rates as high as 222%, ultimately "collapsing" at the end of July.The victim group has over 370 people, with each person defrauded of hundreds of thousands of dollars. Multiple investment groups combined have a total of 4,000 people involved, with funds exceeding 1 billion Hong Kong dollars. A middle-aged woman in her 50s claims that she unknowingly became a shareholder and director of one of Fun Coffee's Hong Kong registered companies, and she has over a hundred "downlines." After being contacted by reporters, she has gone to the police to report the case. The police have received 115 reports, which have been handed over to the Commercial Crime Bureau's fraud investigation team for follow-up.The report states that Fun Coffee held a marathon event in Hong Kong at the end of last year, inviting artist Yuen Siu Cheung to host and distributing anti-fraud leaflets for promotion in various districts. The company's headquarters in Kowloon Bay and its storefront in Mong Kok are now empty, with notices of unpaid rent posted. The Securities and Futures Commission issued a warning on July 13, and the Vietnamese Ministry of Public Security also warned in May that it is suspected to be a Ponzi scheme.

According to statistics from Hong Kong law enforcement, from July 24 to 30, a total of 25 cases of investment fraud involving online romance were reported, with total losses nearing 70 million Hong Kong dollars. In one large online romance investment fraud case, a 50-year-old insurance practitioner was deceived by an online romantic partner claiming to be a "car dealer" into investing in virtual currency. Until last month, the victim discovered that the investment platform showed account earnings exceeding 800%, but when attempting to withdraw funds, the request was denied. Subsequently, both the online romantic partner and the so-called investment expert went offline, and the victim ultimately confirmed a cumulative loss of over 26 million Hong Kong dollars.The police remind investors to be vigilant about the behavior of recommending investment projects after establishing relationships through social platforms, especially those involving virtual currency, guaranteeing high returns, or requiring transactions through unfamiliar platforms. Do not relax financial safety precautions due to emotions or trust.

According to Jinshi reports, the Hang Seng Index Company launched the Hang Seng Hong Kong Stock Connect Artificial Intelligence Infrastructure Index on July 31. This index reflects the performance of Hong Kong-listed companies that can be traded through the Hong Kong Stock Connect, which provide foundational technologies for the development and deployment of artificial intelligence, covering fields such as semiconductors, electronic devices, infrastructure and hardware resource suppliers, and related components.

According to Jinshi reports, the Hong Kong Special Administrative Region Government's Census and Statistics Department today (31st) released the preliminary estimate of local GDP for the second quarter of 2026, showing that local GDP increased by 4.3% in real terms compared to the same period last year, while the increase in the first quarter was 5.9%.A spokesperson for the Special Administrative Region Government stated that supported by vigorous external trade and robust internal demand, the Hong Kong economy continued to expand strongly in the second quarter of 2026, and it is expected to maintain steady growth in the second half of the year.

According to Jinshi reports, Hong Kong's GDP quarterly final value for the second quarter is -0.6%, lower than the market expectation of -0.3%, and the previous value was 2.9%.

According to Gate market data, the Hong Kong stock market closed with the Hang Seng Index rising by 0.1% and the Technology Index rising by 0.53%. Southern Double Long SK Hynix (07709.HK) rose over 67.5%, Southern Double Long Samsung Electronics (07747.HK) rose over 48%, Zhipu (02513.HK) rose over 14.5%, and MiniMax (00100.HK) rose over 13%.

According to Gate market data, the Hong Kong Hang Seng Index opened down 21.16 points on July 31 (Friday), a decrease of 0.08%, reporting at 25,837.72 points; the Hong Kong Hang Seng Tech Index opened up 14.24 points, an increase of 0.3%, reporting at 4,818.01 points; the State-Owned Enterprises Index opened down 21.01 points, a decrease of 0.24%, reporting at 8,623.7 points; the Red Chip Index opened down 5.51 points, a decrease of 0.13%, reporting at 4,244.91 points.