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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

Police to text anti-scam alert

Police announced today that starting January 2, its Anti-Deception Coordination Centre (ADCC) will expand the Upstream Scam Intervention scheme to include sending SMS messages to potential scam victims as a means to provide timely alerts and advice.


The force explained that the goal behind the move is to combat deception and minimise its impact on individuals and society.


The ADCC has registered with the Office of the Communications Authority’s Short Message Service Sender Registration Scheme. Its Registered SMS Sender ID is #ADCC18222.


The Upstream Scam Intervention scheme was launched in May 2023 in collaboration with 12 retail banks to enhance the efficacy of preventing deception and mitigating losses suffered by scam victims. By analysing suspicious bank accounts, the scheme identifies individuals who may be at risk of falling victim to scams.


Through co-ordinated efforts between the banks and Police, potential victims will be contacted via phone calls, police visits or SMS. During such interactions, the ADCC or bank officers will provide potential victims with information such as details of the implicated bank accounts so as to facilitate the potential victims’ verification and assessment.


As of end-November last year, 579 ongoing deception cases were intervened under the scheme.


Police reiterate that officers and bank staff will never request the disclosure of personal information or banking credentials. Furthermore, they will not ask users to transfer funds to any accounts during these interactions.


To verify callers’ identities, the public can call their banks or the ADCC directly. They are also encouraged to use the Scameter to check if the recipient bank accounts are associated with reported scams.

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