Average loss for elderly Hongkongers to investment scams jumps 33% to HK$1.08m

South China Morning Post13 October 2026, 11:42 UTCHong Kong

The average loss suffered by elderly victims of investment scams in Hong Kong rose by a third year on year to HK$1.08 million (US$137,600) in 2026, the city’s police chief has said, calling for greater community vigilance against syndicates preying on retirees. Commissioner of Police Joe Chow Yat-ming on Tuesday also warned of a recent surge in scams involving fraudsters posing as customer service officers, with such cases nearly doubling from last year. Speaking at the launch of “Anti-fraud...

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