The Transport and Logistics Bureau recaptured that the 2024 Policy Address announced the establishment of the Working Group on Developing Low-Altitude Economy (LAE) to propel LAE development from multiple angles. A key initiative is the rollout of “Regulatory Sandbox” pilot projects. These projects span logistics, monitoring, maintenance and safety inspections, emergency rescue, and infrastructure, aiming to demonstrate the convenience and benefits of low-altitude technologies. Related NewsJPM Latest Ratings & TPs on MEITUAN-W, JD-SW (Table)They will enable the government and industry to simulate diverse scenarios, multiple air routes, and low-altitude airspace management, accumulating data and experience to guide regulations, infrastructure, and applications.The Bureau is reviewing existing civil aviation laws and regulatory frameworks at full speed, targeting to submit legislative amendment proposals to the Legislative Council in 2Q25. The Hong Kong government had previously announced the first batch of LAE Regulatory Sandbox pilot projects, comprising 38 initiatives. Related NewsDaiwa: CN Mutual Funds' Allocation to HK Stocks Rises to 14.9% in 1Q, Setting New High, Expects Reinvestment in High-div. Stocks in Utilities/ Staples This QuarterParticipating organizations include China Mobile Hong Kong, CLP Power, Fire Services Department, Highways Department, Hong Kong University of Science and Technology, MEITUAN-W (03690.HK) +3.500 (+2.726%) Short selling $764.88M; Ratio 16.475% ’s Kangaroo Limited, PCCW (00008.HK) +0.040 (+0.789%) Short selling $825.00K; Ratio 3.212% ’s PCCW-HKT Technical Services, University of Hong Kong, SF Express, and the Hospital Authority, among others.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-29 12:25.)