The Hong Kong Legislative Council passed a non-binding members motion Urging the Government to Strengthen Measures to Combat Internet Fraud

Odaily News The Hong Kong Legislative Council today passed a non-binding members motion Using the Government to Strengthen Measures to Combat Internet Fraud. Legislative Council Member (Election Committee) Wu Jiezhuang said that to effectively combat Internet fraud, we cannot rely solely on the power of the police, but It needs to be carried out across government departments, sectors, and levels, and it will be a protracted battle. Chen Haolian, deputy secretary of the Financial Services and the Treasury Bureau of Hong Kong, said: The Hong Kong Securities and Futures Commission will actively strengthen the investigation and enforcement of online financial fraud activities, and jointly enforce the law with local and regulatory authorities outside Hong Kong. The Hong Kong government attaches great importance to unlicensed virtual assets. Regarding fraud on trading platforms, we will strive to protect the interests of investors and crack down on platforms or websites that violate laws and regulations and involve fraudulent elements.