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Elderly scam victims lose HK$850,000 on average, but ones who know finance lose more

Investment scams targeting Hong Kong’s elderly rose by 17 per cent in the first quarter of 2026 against a year ago, despite an overall decline in the number of cases, with police warning that better-educated retirees with more investment experience were more vulnerable to fraudst

First seen · 11:30 PM UTCMay 3, 2026

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South China Morning Post
CenterAlibaba Group
Elderly scam victims lose HK$850,000 on average, but ones who know finance lose moreInvestment scams targeting Hong Kong’s elderly rose by 17 per cent in the first quarter of 2026 against a year ago, despite an overall decline in the number of cases, with police warning that better-educated retirees with more investment experience were more vulnerable to fraudst
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