8 arrested in Hong Kong after HK$46 million lost in investor phishing scams

8 arrested in Hong Kong after HK$46 million lost in investor phishing scams

Hong Kong police have arrested eight people for allegedly making unauthorised stock transactions, manipulating the market and using phishing scams to swindle about HK$46 million (US$5.8 million) out of more than 130 victims based locally and overseas. Senior Superintendent Fanny Kung Hing-fun of the force’s commercial crime bureau said police had arrested seven men and…

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Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in…

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