China-Hong Kong Finance: China’s crackdown on overseas investment is unsettling Hong Kong banks as regulators review capital leaving the mainland, triggering probes into brokers including Futu and Longbridge. Consumption Watch: China’s growth is losing steam, with May retail sales expected to fall 0.2%—a sign of weaker spending, rising inflation, and softer job confidence. Energy & Markets: Oil prices slid and stocks jumped after the US and Iran agreed to reopen the Strait of Hormuz, easing a major logistics and energy shock. Trade & Logistics: A World Bank-linked port study says Chinese ports dominate global efficiency rankings, with automation and infrastructure helping them absorb geopolitical disruptions better than many Western hubs. Regulation & Retail: China’s market regulator summoned Walmart China executives over food safety issues at Sam’s Club, demanding tighter controls across the supply chain. AI Stocks: In China’s AI sector, Zhipu shares surged while Minimax lagged, reflecting investors’ growing selectiveness as state support and recurring revenue matter more. Defense & Tech: ByteDance is reportedly in talks to buy AI chips from Iluvatar CoreX, underscoring China’s push for domestic GPU supply amid US export curbs. Regional Security: A Lowy Institute report warns China’s ability to strike Australia will grow over the decade, with near-term risks focused on cyberattacks and undersea cable disruption.