Zach Anderson
Jun 03, 2026 03:49
The HKMA alerts public to scams involving fake e-HKD apps and bogus eco-subsidy programs, urging vigilance amid rising financial fraud.
The Hong Kong Monetary Authority (HKMA) issued a public warning on June 3, 2026, regarding fraudulent websites and investment schemes falsely claiming to be affiliated with the institution. The scams include a fake e-HKD app and an alleged eco-subsidy program, both aimed at defrauding investors and the public.
One fraudulent website, with the domain gw.dgehkde[.]com, masquerades as the HKMA’s official site, promoting a fake mobile app named “e-HKD.” The app reportedly lures users into investing in non-existent e-HKD bonds. Another scheme involves a fraudulent site claiming a partnership with a state-owned enterprise in Mainland China to offer an environmentally friendly subsidy program. Victims are asked to deposit funds in exchange for subsidies.
The HKMA firmly clarified its non-involvement with these fake platforms and reiterated that it does not solicit funds or offer investment products to the public. The authority urged individuals to refer exclusively to its official website (https://www.hkma.gov.hk) for verified information and reported the cases to the Hong Kong Police Force.
Fraud on the Rise in Hong Kong
This warning comes amid an uptick in financial scams targeting Hong Kong’s financial and crypto sectors. In 2023, the HKMA received 1,201 fraud-related banking complaints, more than double the 555 cases recorded in 2022. High-profile incidents like the JPEX cryptocurrency exchange scandal, which led to multiple arrests, have further highlighted vulnerabilities in the sector. The HKMA has been actively working to combat fraud, launching initiatives such as the Financial Intelligence Evaluation Sharing Tool (FINEST) and co-hosting anti-deception sessions with law enforcement and banks.
The e-HKD, a digital currency pilot launched by the HKMA in 2023, has been a particular focus for scammers. Although still in a testing phase with no public investment opportunities, fraudsters have exploited the program’s visibility, creating fake apps and websites to prey on unsuspecting investors.
Investor Protections and Regulatory Scrutiny
Hong Kong’s regulators have been tightening oversight in response to fraudulent activity. Following the JPEX scandal, authorities pledged stricter checks on virtual asset platforms, with an emphasis on investor protection. The HKMA has consistently warned the public against engaging with unsolicited investment offers, emphasizing the importance of verifying information through official channels.
For those who suspect they may have fallen victim to fraud, the HKMA advises contacting the Hong Kong Police Force or its Crime Wing Information Centre at 2860 5012.
As crypto adoption grows and digital assets like the e-HKD gain traction, investors must remain cautious. Scammers are likely to continue exploiting new technologies and regulatory gray areas, making vigilance essential in avoiding financial loss.
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