Hong Kong Securities and Futures Commission: Received 222 cases of fraud in the first quarter of 2026, with the most serious cases involving losses exceeding HK$20 million.

The Securities and Futures Commission (SFC) of Hong Kong announced today (April 29) the official launch of its official account on Xiaohongshu (Little Red Book), further expanding its online promotion channels to strengthen communication and interaction with the public. Given the increasing trend of fraud complaints received by the SFC, and the increasingly complex methods used, investor education is becoming increasingly important. In 2025, the SFC received 898 fraud cases, an increase of 39% compared to 2024. In the first quarter of 2026, there were 222 related cases, with one case involving a loss of over HK$20 million. This new platform will be another tool to enhance the SFC's diversified investor education work. The SFC hopes to use the Xiaohongshu platform to share the latest developments in regulatory work and timely investor alerts with a wider community of investors in the Hong Kong market. The SFC aims to leverage the growing user base of Xiaohongshu to deliver important regulatory information in a light-hearted and engaging manner. To enhance public awareness of investment fraud prevention, anti-fraud content will feature the character "Shuiyu," the central figure of the SFC's "Don't be a victim" campaign, to remind investors to remain vigilant against "too good to be true" investment opportunities. Mr. Alex Tang, Secretary-General and Chief Executive Officer of the SFC, said, "As investment fraud cases become more complex and varied, the SFC must adopt a proactive and cross-platform communication and promotional strategy to better engage with the public. Opening an official Xiaohongshu account allows us to reach a wide community of investors, sharing clear, timely, and easily understandable anti-fraud alerts and other regulatory information. We hope to deliver information in a more vivid way to enhance the awareness and vigilance of investors."