Midday News Highlights | Hongfu Garden Hearing: Government Lawyer Refutes ICU Water Drainage Allegations as Unfactual

SighingCashier · 2026-03-24T05:15:41+00:00

Hongfu Garden Fire Hearing: Government lawyer denies housing bureau inspection notification allegations; US FCC to ban imports of new foreign-made routers; Hong Kong stocks rebound 447 points at midday, but southbound funds see net outflow of 11.3 billion; HSBC appoints first chief AI officer; Alibaba launches new generation flagship processor Xuantie C950.

SighingCashier

2026-03-24 05:15:41

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Grand Harbour Hearing | Government Lawyer: No Reported Alarm System Shutdown in the Estate ICU Involves Water Connection, Not True

At the Grand Harbour fire hearing, the government lawyer rebutted, stating that the Housing Authority’s independent review team (ICU) patrols were falsely accused of being a warning signal.

Cybersecurity | US FCC to Ban Import of New Foreign-Made Routers

The U.S. Federal Communications Commission (FCC) will ban the import of all new consumer-grade routers manufactured abroad; it is estimated that China accounts for at least 60% of the U.S. household router market.

Hang Seng Index Trend | Half-Day Rebound of 447 Points, Net Outflow of HKD 11.3 Billion

The Middle East situation has slightly eased, U.S. stocks rebounded strongly overnight, and Hong Kong stocks rose over 400 points in the half-day session, partially filling yesterday’s gap.

HSBC Appoints First Chief Artificial Intelligence Officer

HSBC Holdings (00005) announced the appointment of David Rice as the bank’s first Chief AI Officer, effective April 1.

Alibaba | Next-Generation Flagship Processor Xuan Tie C950 Unveiled

Alibaba (09988) subsidiary DAMO Academy released the new flagship processor “Xuan Tie C950,” mainly used in generative AI, high-end robotics, and other fields.

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