Hong Kong, Canadian police team up to foil $13m email scam
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South China Morning Post
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HSBC offers Hong Kong SMEs a helping hand amid tariff turmoil
HSBC is launching a new education series to equip Hong Kong's small and medium-sized enterprises (SMEs) with knowledge to help them maintain smooth business operations amid the threat of disruption from US tariffs. Advertisement The city's largest lender said the Account Fitness initiative would help SMEs effectively manage and maintain healthy accounts. 'Many entrepreneurs of SMEs do not yet know how to take good care of the assets in their bank accounts,' said Frank Fang, general manager and head of commercial banking for HSBC Hong Kong and Macau, on Friday. 'Therefore, it is necessary for us to use both online and offline resources to help everyone understand this.' In April, the Hong Kong Monetary Authority (HKMA) said it was working with 18 lenders, including HSBC, Standard Chartered and Bank of China (Hong Kong), to support SMEs that were hit by US tariffs by providing them with flexible loans. Hong Kong had about 360,000 SMEs as of March, according to the Trade and Industry Department. The HSBC initiative includes a digital guidebook for SMEs, which covers seven essential habits for effective business account management, such as account usage, payment management and communication with banking partners. Advertisement HSBC said it would also offer personalised support including consultation and advisory services to help SMEs prevent common pitfalls that could disrupt their bank account usage.
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South China Morning Post
an hour ago
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Indonesian can leave Hong Kong pending decision to drop fallen tumbler case: court
A Hong Kong court has allowed an Indonesian tourist to return home while awaiting authorities' decision on whether to continue with his prosecution over a fallen tumbler that hit another visitor at The Peak. Merchant Satnauli Bangun, 44, was not required to enter a plea on a count of allowing an object to fall from a height when he first appeared at Eastern Court on Friday. Court prosecutor Jennifer Cheung Toi-ling said the Department of Justice needed time to decide whether to press on with prosecution, having reviewed CCTV footage of the incident that occurred on Wednesday. Magistrate Kestrel Lam Tsz-hong scheduled the next hearing for August 1 and noted that the defendant had to be present in court even if the prosecution decided to drop the charge. Police arrested Bangun after a mainland Chinese woman claimed she had been hit in the head by an unknown object at The Peak Tower on Wednesday. The force said the accused, who was sightseeing on the floor above, had put his backpack on a fence, but his tumbler fell out from a side pocket.
