Fraudulent website and internet banking login screen related to Shanghai Commercial Bank Limited

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

     The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks' websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
      
     Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website or login screen concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.




Fraudulent mobile application related to Bank of Singapore Limited

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited relating to a fraudulent mobile application (App), which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

     The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks' websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

     Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the App concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.




CFS announces test results of targeted surveillance on nutrition labelling of breakfast cereal

     The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (April 1) released the test results of a targeted food surveillance project on the nutrition labelling of breakfast cereal. Among 40 samples tested, three samples were found with total fat or saturated fat content inconsistent with the declared values on their nutrition labels, while one sample was found to have a label format on durability indication that was not in compliance with legal requirements. The remaining 36 samples passed the test.

     "The CFS collected samples from different retail outlets for the targeted food surveillance project. Tests were conducted to check if the energy content and specified nutrient content (total fat, saturated fat, trans fat, sugars, sodium, protein, carbohydrates, and more) are consistent with the declared values on their nutrition labels. The food labels were also checked if they comply with relevant requirements under the laws," a spokesman for the CFS said.

     The CFS has announced the irregularities on the actual nutrient contents earlier. The vendors concerned have also stopped selling the relevant batches of the affected products. Prosecution will be instituted should there be sufficient evidence.

     The Food and Drugs (Composition and Labelling) Regulations (Cap. 132W) require all applicable prepackaged foods to list the ingredients and the content of energy plus seven core nutrients, namely carbohydrates, protein, total fat, saturated fat, trans fat, sodium and sugars, and regulate any associated nutrition claims. The "best before" or "use by" date of all prepackaged food shall be shown either in Arabic numerals or in both the English and Chinese languages.

     Nutrition labelling can assist consumers in making informed food choices, encourage food manufacturers to apply sound nutrition principles in the formulation of foods, and regulate misleading or deceptive labels and claims. According to Section 61 of the Public Health and Municipal Services Ordinance (Cap. 132), if any person falsely describes food or misleads as to the nature, substance or quality of the food on a label of the food sold by him or her, he or she shall be guilty of an offence and liable to a maximum fine of $50,000 and six months' imprisonment upon conviction.

     The CFS will continue to conduct surveillance on other food samples to check if their energy content and specified nutrient content are consistent with the declared values on their nutrition labels, and the results will be released in due course. The spokesman reminded the food trade to comply with the law, and urged members of the public to pay attention to the information on nutrition labels when purchasing food to make informed food choices to achieve a balanced diet and stay healthy.




Arrangements for reassignment of spectrum in 2.5/2.6 GHz band and related spectrum utilization fee

     The Communications Authority (CA) announced today (April 1) its decision to reassign 50 MHz of spectrum in the 2.5/2.6 GHz band by way of auction for the provision of public mobile services upon the expiry of its existing assignments. The Secretary for Commerce and Economic Development (SCED) also announced his decision on the method for determining the related spectrum utilization fee (SUF).

     The existing assignments of the relevant spectrum are due to expire in May 2028. In arriving at the decisions about the reassignment arrangements of the spectrum and the related SUF, the CA and the SCED have considered thoroughly the views and comments received in the public consultation conducted between September and October last year.

     "Spectrum in the 2.5/2.6 GHz band belongs to the mid-band spectrum within the 1-7 GHz range, which provides longer range propagation than the high-band spectrum above 7 GHz, and wider bandwidth than the low-band spectrum below 1 GHz, thereby meeting both network coverage and capacity demands. It possesses the potential to support mobile broadband services and other innovative applications adopting fourth generation, fifth generation mobile services or beyond," a spokesman for the CA said.

     On the relevant SUF, the SCED decided to prescribe that it will be determined by auction, with the auction reserve price to be specified nearer the time of the auction after taking into account all relevant factors. To provide greater financial flexibility to spectrum assignees, the assignees will be given a choice to pay the SUF either by lump sum payment upfront or by annual instalments in the reassignment period of about 10 years and 10 months.

     The Government needs to make necessary amendments to the relevant subsidiary legislation to provide legal basis for the reassignment arrangements and the decision to levy the SUF in relation to the above-mentioned spectrum. Subject to the completion of amendments to the relevant subsidiary legislation, the CA targets to conduct the auction in the fourth quarter of this year.

     For details of the arrangements for the spectrum reassignment and the related SUF, please refer to the joint statement published by the SCED and the CA today.




Effective Exchange Rate Index

     The effective exchange rate index for the Hong Kong dollar on Tuesday, April 1, 2025 is 106.7 (up 0.2 against yesterday's index).