Tag Archives: China

     â€‹Hong Kong Customs yesterday (November 13) conducted a special operation in Sha Tin to combat the sale of counterfeit goods and seized about 360 items of suspected counterfeit goods with an estimated market value of about $660,000.

     Customs earlier received information alleging the sale of suspected counterfeit clothing and accessories at a boutique in Sha Tin. After an in-depth investigation and with the assistance of trademark owners, Customs officers took enforcement action yesterday and raided the boutique. A batch of suspected counterfeit clothing and accessories, including accessories, clothes and handbags, was seized.

     During the operation, Customs arrested a 45-year-old woman suspected to be connected with the case. She has been released on bail pending further investigation. Investigations are ongoing.

     Customs will continue to step up inspection and enforcement to vigorously combat the sale of different kinds of counterfeit goods.

     Customs reminds consumers to procure goods at reputable shops and to check with the trademark owners or their authorised agents if the authenticity of a product is in doubt. Traders should also be cautious and prudent in merchandising since the sale of counterfeit goods is a serious crime and offenders are liable to criminal sanctions.

     Under the Trade Descriptions Ordinance, any person who sells or possesses for sale any goods with a forged trademark commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.

     Members of the public may report any suspected counterfeiting activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

  

     The Centre for Health Protection (CHP) of the Department of Health is today (November 14) investigating a case of suspected mad honey poisoning, and reminded the public to buy honey from a reliable source or apiary.   &… read more

     Hong Kong Customs conducted an enforcement operation yesterday (November 13) and detected a case of selling suspected counterfeit goods through live webcasts on a social media platform. About 2 400 items of suspected counterfeit goods with an estimated market value of about $620,000 were involved in the case.

     Customs earlier received information alleging that suspected counterfeit goods were put on sale through a social media platform. Upon an initial investigation, Customs officers found that a seller had set up a dedicated account on a social media platform to sell suspected counterfeit goods through live webcasts. 

     Customs officers then posed as customers and conducted test purchases online. After an in-depth investigation and with the assistance of trademark owners, Customs officers made a deal with a female seller in Lok Fu yesterday, during which a suspected counterfeit wallet and a suspected counterfeit scarf were seized. The 42-year-old woman was also arrested immediately.

     Customs officers later escorted the arrested woman to an industrial unit in San Po Kong for a search and further seized about 2 400 items of suspected counterfeit goods, including perfume, clothes and accessories.

     An investigation is ongoing.

     Customs reminds consumers to procure goods at reputable shops or websites, and to check with the trademark owners or their authorised agents if the authenticity of a product is in doubt.

     Under the Trade Descriptions Ordinance, any person who sells or possesses for sale any goods with a forged trademark commits an offence. The maximum penalty upon conviction is a fine of $500,000 and imprisonment for five years.
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     Members of the public may report any suspected counterfeiting activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

  

     ​ A fire broke out at a warehouse and a recycling site at Deep Bay Road in Lau Fau Shan at 1.09pm today (November 14), and was upgraded to No. 3 alarm at 1.20pm. The fire was surrounded at 4.09pm.      &… read more

The following is issued on behalf of the Hong Kong Monetary Authority:
 
     The Hong Kong Monetary Authority (HKMA) released today (November 14) the key analytical accounts of the Exchange Fund at the end of October 2023.
      
     Foreign assets, representing the external assets of the Exchange Fund, increased during the month by HK$2.3 billion to HK$3,460.1 billion.
      
     The Monetary Base, comprising Certificates of Indebtedness, Government-issued currency notes and coins in circulation, the balance of the banking system and Exchange Fund Bills and Notes issued, amounted to HK$1,875.2 billion.
      
     Claims on the private sector in Hong Kong amounted to HK$247.1 billion.
      
     Foreign liabilities amounted to HK$22.0 billion.
      
     The analytical accounts of the Exchange Fund are released in accordance with the International Monetary Fund’s Special Data Dissemination Standard (SDDS) and are referred to as the Analytical Accounts of the Central Bank under SDDS (Annex).
 
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     At present, four press releases relating to the Exchange Fund’s data are issued by the HKMA each month. Three of these releases are issued to disseminate monetary data in accordance with the International Monetary Fund’s SDDS. The fourth press release, on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account, is made in accordance with the HKMA’s policy of maintaining a high level of transparency. For the month of November 2023, the scheduled dates for issuing the press releases are as follows: