Hong Kong online investment scams surge 20% as losses hit HK$3.08 billion

    Hong Kong online investment scams surge 20% as losses hit HK$3.08 billion

    Hong Kong recorded a 20 per cent increase in online investment scams in the first 10 months of the year, with victims losing HK$3.08 billion (US$395.9 million), according to police. Theodora Lee Wai-see, a superintendent with the force’s Anti-Deception Coordination Centre, also revealed that 83 per cent of all fraudulent messages were disseminated through Meta-owned…

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    Manulife becomes first insurer to redomicile in Hong Kong

      Manulife becomes first insurer to redomicile in Hong Kong

      Manulife (International), one of the biggest life insurers and pension providers in Hong Kong and Macau, has finished moving its domicile to Hong Kong from Bermuda, making it the first insurer to successfully complete the process under a new regime, according to a statement on Friday. The insurer said the redomiciling was a “strategic milestone”…

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