Tag Archives: China

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Fraudulent website and phishing emails related to Hang Seng 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 Hang Seng Bank, Limited relating to a fraudulent website and phishing emails, 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 e-mails 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 emails concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force at 2860 5012. read more

Effective Exchange Rate Index

     The effective exchange rate index for the Hong Kong dollar on Monday, November 8, 2021 is 101.1 (same as last Saturday’s index).

     The effective exchange rate index for the Hong Kong dollar on Saturday, November 6, 2021 was 101.1 (down 0.1 against last Friday’s index). read more

Hong Kong Customs in joint operations with FEHD seizes about 14 000 suspected smuggled hairy crabs (with photos)

     Hong Kong Customs and the Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department (FEHD) mounted joint operations at Man Kam To Control Point and Shenzhen Bay Control Point on October 28, November 5 and yesterday (November 7). A total of about 14 000 suspected smuggled hairy crabs and about 1 000 kilograms of suspected smuggled chilled food with a total estimated market value of about $1.46 million were seized.

     Customs officers intercepted three incoming goods vehicles at the two control points on the above-mentioned three days. After inspection, the batch of suspected unmanifested hairy crabs and chilled food were found mingled with other properly declared goods on board the vehicles.

The estimated market value of the suspected unmanifested hairy crabs seized was about $1.4 million while that of the suspected unmanifested chilled food, including meat and poultry, was about $60,000.

     Furthermore, the seized hairy crabs did not come with health certificates issued by the relevant authorities of the exporting economies and failed to comply with the requirements of the Shell Fish (Hairy Crab) Permit. The chilled meat and poultry seized also came without health certificates issued by an issuing entity from the place of origin or obtaining prior permission in writing from the FEHD.

     Three male drivers aged between 42 and 64 were arrested. An investigation is ongoing.

     Customs reminds members of the public that smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years.

     According to the Imported Game, Meat, Poultry and Eggs Regulations, any person who imports game, meat, poultry or eggs should produce a health certificate issued by an issuing entity from the place of origin or obtain prior permission in writing from the FEHD. Offenders are liable on conviction to a fine of $50,000 and six months’ imprisonment.

     According to the Public Health and Municipal Services Ordinance, all food available for sale in Hong Kong, locally produced or imported, should be fit for human consumption. An offender is subject to a maximum fine of $50,000 and imprisonment for six months upon conviction. Moreover, under the Food Safety Ordinance, any person who, without reasonable excuse, does not register but carries on a food importation or distribution business commits an offence and is liable to a maximum fine of $50,000 and imprisonment for six months.

     Customs and the CFS will keep up close co-operation and intelligence exchanges, while joint operations will be conducted to combat illegal food import activities.

     Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk).

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Hong Kong Academy of Finance launches Financial Leaders Programme

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Academy of Finance (AoF) launched a new leadership development programme today (November 8). This Financial Leaders Programme (the Programme) aims to inspire talents with considerable experience in the financial industry, to equip them with a mindset to lead, to enhance their understanding of financial issues from a macro and systemic perspectives, as well as to expand their professional network. 

     The Programme offers a unique opportunity for participants to engage in dialogue with and learn from top leaders in the Government, regulatory authorities, financial institutions and the business sector. Each year, the Programme will admit around 15 promising financial talents from a diverse background at approximately two levels below the chief executive officer position. The Programme will be offered on a part-time basis and lasts for about nine months, with the 2022 cohort commencing in April 2022. Application will open between November 8, 2021 and January 9, 2022. Applications received will be considered by the Membership Committee of the AoF. Further information about the Programme and the application form are available from the AoF website.

     The Programme is jointly supported by all the financial regulators in Hong Kong, namely the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission, the Insurance Authority and the Mandatory Provident Fund Schemes Authority, and the Financial Services and the Treasury Bureau. 

     The Chairman of the AoF and the Chief Executive of the HKMA, Mr Eddie Yue, said, “Expanding global perspectives and thought leadership capabilities of our financial leaders is important to the further development of Hong Kong as a leading international financial centre. The Programme aims to broaden the participants’ perspectives to think beyond the short-term and outside their own business areas, and expand their network. I encourage our talents to seize this opportunity and take part in this unique leadership development programme.” read more