Hong Kong government spokesperson said authorities are monitoring the impact of external uncertainties on consumption.

Lenovo Group vice‑president and Lenovo China chief strategy officer Abulikemu Abulimiti said on July 2 that both China and overseas markets still have substantial room for AI compute capacity and there is no compute oversupply. He said mature leading consumer AI products remain limited and enterprise (B‑side) commercialization has yet to be fully realized, noting past productivity revolutions were industry‑driven and imply large long‑term compute demand. He warned the AI industry chain shows excessive supply‑side leverage and a supply‑demand imbalance. The remarks follow market concern about oversupply after Meta recently opened compute capacity.

SoftBank has restarted negotiations on a $10 bln loan secured by its OpenAI stake, two people familiar with the matter said. Talks had stalled amid lender concerns about valuing a private-company stake. To address those concerns, SoftBank proposed guarantees and contractual recourse allowing lenders to pursue SoftBank if the OpenAI collateral falls in value. The lending group is expected to include Goldman Sachs, JP Morgan and Mizuho Financial Group.