Customs Seize Fake Goods Worth HK$3m From Hawkers
"); jQuery("#212 h3").html("

"); });
2019-02-21 HKT 18:56
Customs officers said on Thursday that they had seized counterfeit goods worth HK$3 million from hawker stalls in Mong Kok, arresting three men and three women.
The department said it had confiscated around 5,000 items, including fake luxury handbags, wallets and scarfs, which were being sold for between HK$300 and HK$4,000.
Divisional Commander Peggy Tam said customers were shown genuine products, but went away with fakes.
Tam also said that only foreign tourists were targeted.
"In order to evade detection, no counterfeit goods were displayed inside the hawker pitches. The salesperson would be very alert ... and [only] showed pictures of the counterfeit goods on tablets for the [customers'] selection," she said.
The gang would only deliver the fake products to the stalls once a sale had been agreed, Tam added.
OCBC Plans Hong Kong Wealth Expansion With Up To 50 New Bankers
OCBC is expending its wealth management team in Hong Kong by 30% this year to meet growing regional demand for investme... Read more
Hana Financial To Acquire US$669M Stake In Dunamu, Deepening Crypto Push
Hana Financial Group has agreed to acquire a 6.55% stake in digital asset operator Dunamu. The transaction is valued at... Read more
Reap And TerraPay Partner To Expand Cross-Border Payouts Via Local Payment Rails
Reap has partnered with TerraPay to expand its cross-border payout network using domestic clearing systems. The integra... Read more
Tencent Fintech And Cloud Services Lift Q1 2026 Revenue 9% To US$8.68 Billion
Tencent reported a 9% increase in revenue from its fintech and business services division for the first quarter of 2026... Read more
Ant Group Profit Falls An Estimated 79% As AI And Payments Spending Rises
Ant Group saw an estimated 79% decline in quarterly profit as the company accelerates its spending on AI, large languag... Read more
Alibabas Cloud Revenue Jumps 40% As AI Investments Pressure Profitability
Alibaba Group has released its financial results for the quarter and fiscal year ending 31 March 2026, reporting a 3% a... Read more
