Scams Evolve, but Hong Kong's Vigilance Remains Key The latest statistics on investment scams in Hong Kong show a 15% decline in case numbers for the first half of this year.
However, the collective losses remain alarmingly high at HK$1. 65 billion. Behind these numbers lies a more insidious trend: scammers are increasingly using sophisticated tactics to deceive investors.
According to Senior Superintendent Fanny Kung Hing fun, some firms posing as legitimate overseas entities are entirely fictional or have histories of fraud in other countries.