Website alert :

Press Releases

21 Mar 2023

Website alert :

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public in Hong Kong that:

Shao Bank as referred to on the above Website does not have the Monetary Authority (MA)’s authorization under the Banking Ordinance to carry on banking business, or the business of taking deposits, in Hong Kong; and

Shao Bank does not have the approval of the MA to establish a local representative office in Hong Kong under the Banking Ordinance.

Given the global nature of the Internet, members of the public are reminded to verify the status of any organisation making use of the Internet to offer bank accounts to, solicit deposits from, the public in Hong Kong prior to transferring any funds to, or providing any personal information to, any such organisation.

A list of authorized institutions is available on the HKMA's website ( Members of the public may also check the status of any entity which appears to be soliciting deposits from the public in Hong Kong, or holding itself out as a bank or deposit-taking company in Hong Kong, by emailing the HKMA’s public enquiry service (

Anyone who has transferred monies or conducted any financial transaction, or who has provided personal information, in response to, or via, the above Website should contact the Police at any local Police Station or by calling the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.


Hong Kong Monetary Authority
21 March 2023

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Last revision date : 21 March 2023