HSBC, Hang Seng and BOCHK all said they were aware of the card-theft phone-purchase incidents, but whether to adopt 3DS verification is decided by merchants. Hong Kong Information Technology Federation honorary president Fong Po-Kiu pointed out that 3DS identifies before debiting whether a transaction is authorised by the cardholder, and fraudsters cannot use the card if they do not also hold the cardholder's phone for SMS one-time passwords or bank app verification. He believes the government needs to refer to the EU's SCA regulations to mandate additional identity verification for online transactions.
After Apple's latest foldable phone went on sale, members of the public said on social media that they had been charged twice on their credit cards despite not placing a pre-order, while some who had pre-ordered were charged multiple times. An HSBC spokesperson said customers are not liable for duplicate transactions, and the bank will identify and cancel them; unauthorised transactions can be stopped by suspending the credit card through the app or the customer service hotline. Apple said all orders are reviewed before processing, and any fraudulent transactions will be cancelled.
Hong Kong's Independent Commission Against Corruption (ICAC) has charged 58-year-old Zhang Yadong, former chairman of Greentown China, alleging that he accepted a bribe of HK$20 million (US$2.5 million) from a mainland property developer in exchange for taking a stake in the developer's property projects. Zhang served as chairman of Greentown China Holdings from 2019 to 2025 and has been charged with one count of conspiracy to accept an advantage. The case has been mentioned in court.
The ICAC has charged Zhang Yadong, former chairman of Greentown China Holdings Limited, alleging that he accepted a bribe of HK$20 million, leading the company to acquire a property project in Dalian for RMB440 million. The case was mentioned in the Eastern Magistrates' Court today, with the charge alleging that he conspired with others to accept bribes, which were suspected to have been deposited in multiple instalments into his son's bank account.
Why read this: The report lists the HK$20 million bribe, the RMB440 million acquisition price and the charge period from January 2020 to March 2023, allowing readers to verify the specific details of the ICAC's allegations.
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