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Phishing fraud and counterfeit UnionPay International websites
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by UnionPay International on...
Aug 5, 20241 min read


Website and Social Media Page Alert – Fraudulent website and social media page related to Public Finance Limited
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Public Finance Limited...
Aug 5, 20241 min read


HKMA’s response on Nova Credit Limited’s cessation of operation and exit of Credit Data Smart
The Hong Kong Monetary Authority (HKMA) has been informed by the Hong Kong Association of Banks, the Hong Kong Association of Restricted...
Aug 5, 20241 min read


HKMA’s Response to US Fed’s Interest Rate Decision
The Federal Open Market Committee of the Federal Reserve (the Fed) announced early today (Hong Kong time) after its two-day meeting that...
Aug 5, 20241 min read


Expansion of Suspicious Account Alert for internet banking and physical branches transactions
The Hong Kong Monetary Authority (HKMA), in collaboration with the Hong Kong Police Force (the Police) and the Hong Kong Association of...
Aug 5, 20242 min read


Insurance Authority to start charging fees for insurance intermediary licensing applications after the expiry of the five-year waiver period
On 31 July 2024, the Insurance Authority (IA) issued a circular setting out the detailed arrangements for payment of fees for processing...
Aug 5, 20242 min read


Insurance Authority imposes a ban on four individuals for making use of false documents in applying for registration as licensed insurance agents
The Insurance Authority (IA) continues to strengthen enforcement work and imposed a ban on four individuals who made use of false...
Aug 5, 20242 min read


SFC warns public of Proxinex for suspected virtual asset-related fraud
The Securities and Futures Commission (SFC) today warns the public of an entity operating under the name of Proxinex for suspected...
Aug 5, 20241 min read


Former banker ordered to disgorge $3 million illegal gains from insider dealing
The Market Misconduct Tribunal (MMT) has ordered Mr Wu Kam Shing, a former executive deputy general manager of China CITIC Bank...
Aug 5, 20243 min read
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