Hong Kong Launches Anti-Scam Consumer Protection Charter 3.0 to Combat Financial Fraud

2025-07-09 16:00 Last Updated At：20:08

Anti-Scam Consumer Protection Charter 3.0

The following is issued on behalf of the Hong Kong Monetary Authority:

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Anti-Scam Consumer Protection Charter 3.0 Source: HKSAR Government Press Releases

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Anti-Scam Consumer Protection Charter 3.0 Source: HKSAR Government Press Releases

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA) today (July 9) announced the launch of the Anti-Scam Consumer Protection Charter 3.0 (the Charter 3.0). This joint effort is fully supported by the Consumer Council, the Hong Kong Association of Banks, the Hong Kong Police Force, and the Office of the Communications Authority.

Building on the success of the Charters 1.0 and 2.0, launched in 2023 and 2024 respectively, the Charter 3.0 represents a significant step forward in anti-scam actions by establishing a collaborative framework between financial regulators and technology firms and telecommunications firms in combatting financial fraud and scams targeting the Hong Kong public. The Charter 3.0 introduces six key principles (see Annex), focusing on the reporting of suspected financial fraud and scams, checking of advertisers, internal monitoring processes, enforcement of terms of service, and collaboration on public education and awareness.

During the launch event, executives from financial regulators, technology firms and telecommunications firms engaged in productive discussions on the latest trends of financial fraud and scams as well as their collaborative efforts for the common purpose of combatting such fraud and scams.

The Chief Executive of the HKMA, Mr Eddie Yue, said, "The fight against financial fraud and scams and to protect the public requires a united front, bringing together the public and private sectors, as well as the community at large. The Charter 3.0 represents a significant milestone in this endeavour, harnessing the collective strength of the financial, technology, and telecommunications industries to better safeguard the public."

The Chief Executive Officer of the SFC, Ms Julia Leung,added, "The Charter 3.0 is a meaningful step forward, bringing in major technology and telecommunications companies to join the fight against online scams. It is our shared responsibility to disrupt these threats at their source. This initiative not only echoes global governments and regulators' call to action but also positions Hong Kong as a leader in safeguarding the financial world's digital future. Together, we are building a safer, more responsible online landscape that prioritises vigilance, collaboration, and public trust."

The Chief Executive Officer of the IA, Mr Clement Cheung,said, "The Charter 3.0 represents the outcome of collaborative efforts made by key stakeholders in forging a robust and resilient alliance to prevent financial fraud and scams. The IA will leverage on this platform to strengthen public education and empower policy holders so that they can safeguard effectively against the increasingly sophisticated plots concocted by swindlers."

The Managing Director of the MPFA, Mr Cheng Yan-chee,said, "MPF is the valuable retirement reserve accumulated by the working population. The MPFA will not tolerate any fraudulent activities that undermine their retirement savings in MPF. We are pleased to see financial regulators, enforcement agencies and relevant organisations together with major technology and telecommunications companies under the Charter 3.0 stepping up efforts in combatting scams and enhancing anti-scam awareness in the community. We urge the working population to stay vigilant and join hands with us by proactively reporting suspected scams to safeguard their MPF interests."

HK Phil Welcomes New Music Director Tarmo Peltokoski at Reception Celebration

Speech by SCST at Hong Kong Philharmonic Orchestra "Welcome Tarmo Reception"

Following is the speech by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, at the Hong Kong Philharmonic Orchestra (HK Phil) "Welcome Tarmo Reception" today (November 7):

David (Chairman of Board of Governors of the Hong Kong Philharmonic Society, Mr David Cogman), Tarmo (Music Director of the HK Phil, Mr Tarmo Peltokoski), Vincent (Chairman of the Chow Sang Sang Group, Mr Vincent Chow), ladies and gentlemen,

Good evening. I have the greatest pleasure to join you at this reception to officially welcome our new Music Director, Tarmo Peltokoski. I say welcome, but of course, Tarmo is already a familiar and highly respected figure among our musicians and audiences. Tonight's reception is a formal introduction, but really, it should feel even more like a homecoming party.

First, let me propose that once again we give a good round of applause to Tarmo and all the talented instrumentalists, vocalists and choristers, from Hong Kong and overseas for the stunning performance of Mahler's Symphony No. 8 just now. The performance was a magnificent close to the HK Phil's complete Mahler cycle; but it was also a splendid fanfare for the new era under Maestro Tarmo's baton.

Great artistic synergy takes time to build, yet today it felt entirely natural. Tarmo first sparked this chemistry as the HK Phil's Guest Conductor in 2023, strengthened it as Music Director Designate last season, and he now finally steps into his new role with deep familiarity and well-honed artistry. Tonight's concert is a brilliant showcase of Tarmo's assured stage performance, exceptional conducting prowess, and seamless teamwork with the HK Phil's talented musicians. Just now I told Winnie (Vice-Chairman of the Board of Governors of the Hong Kong Philharmonic Society, Ms Winnie Tam), if I were a choir member, I would also be very, very happy to work with a conductor like Tarmo.

I am fully confident that this strong partnership will elevate the HK Phil to new heights and enrich Hong Kong's vibrant cultural scene. The Hong Kong SAR Government proudly supports the HK Phil in its further effort to solidify its role as a cultural flagship of our city. Together, we will project Hong Kong's artistic brilliance on the global stage, reinforcing our position as an East-meets-West cultural exchange centre.

As a music lover myself, please allow me to express my warmest thanks to Tarmo and all the musicians for an unforgettable orchestral feast. Here is to a new era for the HK Phil - one filled abundantly with breathtaking music, rewarding projects, and exciting milestones ahead. Tonight is just a remarkable beginning, and the best is yet to come.

Let us all enjoy the rest of this delightful evening. Do keep your eyes and ears open. I'm told there will be surprise bonus encore performances during the reception, and I, for one, definitely won't want to miss them. Thank you very much.

Hong Kong Launches Anti-Scam Consumer Protection Charter 3.0 to Combat Financial Fraud

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