No Soft Touch On Parallel Trading, Police Chief Vows
"); jQuery("#212 h3").html("

"); });
2023-02-11 HKT 15:11
Police commissioner Raymond Siu on Saturday vowed to continue stamping out the activities of parallel traders, who buy goods in Hong Kong for resale across the border.
He said since quarantine-free travel with the mainland resumed last month, officials have stepped up patrols in parallel trading black spots.
Police, along with Food and Environmental Hygiene Department officers, have so far issued 19 penalty tickets against people for placing goods at public places and obstructing streets.
On reports about a rise in begging since cross-border travel resumed, the police chief said authorities would monitor the situation and act resolutely when necessary.
Meanwhile, Siu attributed the shrinking police workforce to the drop in recruitment of officers, but said he expected the situation to improve this year with the police force launching different hiring exercises.
The Security Bureau revealed this week that more than 3,000 police officers had left the force in the past three years, and recruitment has fallen well short of target.
Separately, on concerns by the Hong Kong Journalists Association about law enforcement pressuring news organisations by issuing letters about their reports, Siu said the force attached importance to its relationship with the media and it accepts any unbiased criticisms.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more