Bank Of China (Hong Kong) Warns About Bogus "Trust Corporate Bonds"

Emily Harrison

3 November 2016

Bank of China (Hong Kong) has warned customers to be vigilant against bogus “Trust Corporate Bonds” purportedly issued by BOCHK in the Taiwan region.

The fake bonds were found under “Client Information Form & Contract” in Taiwan, claiming to be under the BOCHK with “Glory Justice International Finance & Taxation Asset Management Counselling (HK) Co., Ltd” as the issuing agent.

Additionally, the document contained BOCHK’s corporate logo, which BOCHK said is embezzled. BOCHK said in a statement that it has no connection to these products and urged anyone who suspects they have been deceived to call its customer hotline.

The case has been reported to the Hong Kong Monetary Authority and the Hong Kong Police Force.

A number of banks operating in the Hong Kong market have warned about such scams, many of which involve bogus websites set up so as to snatch private financial information.