Hong Kong elderly investment scam losses jump 33% to HK$1.08m average

Average losses for elderly Hong Kong investment scam victims rose 33% year-on-year to HK$1.08 million in 2026, with police chief Joe Chow warning of a surge in customer-service impersonation scams that nearly doubled. The trend indicates increasingly sophisticated fraud syndicates targeting retirees, though the full scope and enforcement response remain unclear.