Suspected Parking Meter Vandal Was Emotional: Police
"); jQuery("#212 h3").html("

"); });
2021-07-18 HKT 16:28
Police on Sunday arrested a 45-year-old man over an incident in Tsim Sha Tsui, in which he allegedly ripped a parking meter from the metal pole it sits atop before dumping it into a nearby alleyway.
Officers said the man had been drinking, and had become emotional after an argument with a female friend. He allegedly took out his frustration on the parking meter on Kimberley Street, shaking and pulling it until it was dislodged.
He then hurled the meter to the ground, before disposing of it nearby, officers said.
Police inspector, Chan Ho-ting, said officers launched an investigation after receiving a report on Saturday that the parking meter was missing.
She said their investigations led them to the man, who is a janitor, and he was arrested on suspicion of criminal damage.
Chan said the man is well-built and has the strength to damage a parking meter with his bare hands, but she said police believed the alleged actions were not premeditated.
Police said the meter is worth HK$10,000.
ZA Bank Brings Nasdaq Data To Hong Kong, Expanding US Stock Access And Investor Education
ZA Bank and Nasdaq have announced a collaboration aimed at enhancing digital wealth management in Hong Kong and interna... Read more
Hong Kong To Study One‑Stop Infrastructure For Equities, Bonds And Digital Assets
The Hong Kong Monetary Authority’s (HKMA) CMU OmniClear and the Hong Kong Exchange (HKEX) are set to begin a study on... Read more
Hong Kong To Issue First Stablecoin Licenses In March, Expand Crypto Regulation
Hong Kong will issue its first licenses for fiat-referenced stablecoin issuers in March and introduce new legislation l... Read more
MSIG Joins US$6B IFC Credit Insurance Facility To Boost Emerging Market Lending
MSIG USA and Mitsui Sumitomo Insurance (MSI Japan), together referred to as MSIG, have joined a new insurance-ba... Read more
Why The $2 Trillion Stablecoin Prediction Is Too Low
McKinsey estimates the stablecoin market will hit $2 trillion by 2028. But according to Sam Lin, COO of dtcpay, even th... Read more
RedotPay Eyes US IPO With Potential US$1 Billion Raise
RedotPay is reportedly exploring an IPO in the US that could raise more than US$1 billion, according to people famili... Read more