Group 1 - The Hong Kong government emphasizes the need for SMEs to adapt and upgrade in response to rapid global economic changes and technological advancements [1] - The government aims to promote the widespread application of artificial intelligence (AI) and the development of the data science industry in Hong Kong [1] - The annual event is designed to help SMEs understand government resources, market trends, and enhance their competitiveness in the digital economy [1] Group 2 - The Hong Kong government will continue to assist SMEs in expanding their cross-border e-commerce business through various measures [2] - Initiatives include the "Hong Kong Goodies Festival" to promote Hong Kong brands in mainland China and ASEAN markets [2] - The government is enhancing training and information services through SME service centers and various programs to strengthen connections between local businesses and e-commerce service providers [2] Group 3 - The government announced an injection of HKD 1.43 billion into the "BUD Special Fund" to provide more resources for SMEs to explore new markets [3] - A "One-stop Economic and Trade Platform" will be established to facilitate local SMEs and startups in overseas business exploration [3] - Additional measures include extending the application period for credit guarantee products and establishing a regular information dissemination mechanism to keep SMEs updated on international trade information [3]

Core Viewpoint - The July employment data in the U.S. fell short of expectations, indicating signs of cooling in the labor market, while the focus remains on long-term economic trends and sustainable growth themes such as AI, healthcare innovation, digital economy, and electrification [1] Group 1: Employment Data - July's job additions were significantly below market expectations, with previous months' data also revised downward, reflecting a cooling labor market [1] - Despite cautious hiring by businesses, consumer and corporate balance sheets remain robust, supporting a degree of resilience in the U.S. economy [1] Group 2: Investment Focus - The investment focus is on long-term economic trends and themes with sustainable growth potential, including artificial intelligence, healthcare innovation, digital economy development, and electrification [1] Group 3: Fixed Income and Interest Rates - The current federal funds rate stands at 4.375%, with rising market expectations for interest rate cuts [1] - Taking interest rate risk at the front end of the yield curve may provide diversification benefits for investment portfolios and act as a buffer during stock or credit market volatility [1]