Police Arrest Dozens After Infiltrating Triad
"); jQuery("#212 h3").html("

"); });
2020-11-05 HKT 17:53
Police said on Thursday that they had arrested 153 people in a crackdown on triad activity in the Yuen Long and Tai Po areas.
The force said undercover officers had infiltrated a syndicate since June last year to collect evidence in relation to wounding, drug trafficking and other offences.
Those arrested were aged between 15 and 72.
Police have raided a number of premises since last month, including illegal gambling centres, bars and massage parlours allegedly controlled by the gang, seizing goods worth over HK$500,000.
Detectives say they also busted a loan sharking operation controlled by the gang, with victims charged an interest rate of 1,140 percent – 19 times higher than the law allows.
The force said it believes it has successfully dealt a blow to the income of the syndicate, and warned of more arrests to come.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more