Ministry of Finance Clarifies: No Policy Issued on "Offshore Wallet" or "HSBC Hong Kong" for Greater Bay Area Subsidies
Deep News
Nov 18
On November 18, the Ministry of Finance's Financial Affairs Department issued a statement refuting fraudulent claims circulating on social media. The statement warns that counterfeit documents falsely attributed to the Ministry have been used to promote fabricated policies, such as "Greater Bay Area policy subsidy distributions," luring users to download malicious apps like "Greater Bay Area APP" or "Joint Development of Greater Bay Area APP" for investment purposes.
The Ministry explicitly clarified that it has never issued policies including:
- Implementation of "offshore wallets" or "HSBC HOLDINGS Hong Kong" for Greater Bay Area subsidy distributions.
- Financial subsidies to "enhance regional financial cooperation in the Greater Bay Area."
- Issuance of "Greater Bay Area financial bonds."
All official policy announcements are published exclusively on the Ministry’s website (www.mof.gov.cn) for public reference.
The Ministry urged the public to remain vigilant against such scams and emphasized that legal action will be pursued against perpetrators.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.