An officer removes promotional banners during a press conference after a police raid on money-lending agencies in Hong Kong. Photo: Sam Tsang

Hongkongers have lost millions to loan scams, yet the government is still dragging its feet on tighter regulation

Alice Mak says with phone and money-lending fraud seemingly on the rise, Hong Kong’s reputation as a leading financial centre is in jeopardy unless the government tightens loopholes

Topic |   Scams and swindles

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An officer removes promotional banners during a press conference after a police raid on money-lending agencies in Hong Kong. Photo: Sam Tsang
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