On 2 Jul 2024, the Hong Kong Monetary Authority (HKMA) wished to alert members of the public in Hong Kong that: The firm as referred to on the above Website does not have the Monetary Authority (MA)’s authorization under the Banking Ordinance (the Ordinance) to carry on banking business, or the business of taking deposits, in Hong Kong; and it does not have the approval of the MA to establish a local representative office in Hong Kong under the Ordinance.
Resources: https://www.hkma.gov.hk/eng/news-and-media/press-releases/2024/07/20240702-6/