The primary limiting factor for Western AI development is the social contract and potential government intervention, which prevents companies from firing large portions of their workforce.

The largest short-term risk for the Hong Kong and China markets is a vicious cycle of capital outflows driven by continued underperformance.

The current recovery in the Hong Kong property market is driven by genuine housing demand from a rising population, not liquidity or speculation.

Khasan Leung predicts that China's large internet giants will be the ultimate winners in the AI race by incorporating AI models into their existing large ecosystems.

China's AI development model focuses on integrating AI into existing business ecosystems to improve margins and efficiency, with early and significant government involvement.

The underperformance of Hong Kong and China markets is attributed to a focus on downstream AI applications, while other Asian markets like Taiwan, South Korea, and Japan focus on upstream hardware.

Khasan Leung predicts increased market volatility over the next 60 days due to uncertainty surrounding the US-Iran negotiations.

Rising housing demand in Hong Kong has caused rental yields to increase and surpass mortgage rates.