HKMA: Beware of fraudulent e-HKD lending schemes, police report filed

October 27: According to the Hong Kong Monetary Authority's official WeChat account, the HKMA has received a large number of public inquiries regarding a fraudulent e-HKD lending project that claims to be associated with the HKMA. The project lures the public into signing agreements and falsely claims that the loans will be converted into e-HKD assets.

The HKMA clarifies that the relevant agreements and lending project are unrelated to it, and it will not contact citizens regarding personal financial matters or request transfers; institutions participating in the e-HKD Pilot Programme and other sandbox programs will also not raise funds from the public or promote related wealth management and investment products. The Hong Kong Monetary Authority has reported the above incident to the Hong Kong police.