Fake Buyer Swipes $11.9 Million in Hong Kong Gold Heist
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The stolen gold bars recovered by the police.
Hong Kong has been hit by another massive gold theft, following a 65-kilogram heist in September 2025.
On the afternoon of March 20, 73 kilograms of gold bars worth approximately 93 million Hong Kong dollars ($11.9 million) were stolen in broad daylight from an office building at Peninsula Square in Hung Hom. Hong Kong police swiftly cracked the case, arresting five suspects — both men and women — that same evening and successfully recovering all the stolen gold.
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- In March 2026, 73 kg of gold (worth HK$93 million) was stolen from a Hong Kong gold shop; police arrested five suspects and recovered all stolen gold the same day.
- The mastermind had prior ties to the shop; the theft was an "inside job" involving elaborate deception.
- A similar heist in September 2025 involved 65 kg of gold; police arrested 13 suspects and fully recovered the gold within two days.
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Who’s Who
- Gold Shop
- On March 20, 73 kilograms of gold bars worth approximately 93 million Hong Kong dollars were stolen from a **gold shop** located in an office building at Peninsula Square in Hung Hom. The thief, posing as a buyer, requested the security guards leave citing privacy concerns. Accomplices then entered, claiming a debt, and fled with the gold. The police recovered all the gold the same evening.
- Gold Processing Factory
- A Gold Processing Factory in the Fu Hang Industrial Building in Hung Hom was the target of a 65-kilogram gold theft on September 17, 2025. The stolen gold, including bars, bricks, and powder, was valued at approximately 59 million Hong Kong dollars. The perpetrators, reportedly led by a former partner with a financial dispute with the factory manager, were apprehended and all gold recovered within two days.
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What Happened When
- Early morning of September 17, 2025：
- Seventeen men carried out a gold heist at a gold processing factory in the Fu Hang Industrial Building in Hung Hom, stealing approximately 65 kilograms of gold.
- Within two days after September 17, 2025：
- Hong Kong police solved the September 17 gold heist, arresting 13 people and recovering all the stolen gold.
- Afternoon of March 20, 2026：
- 73 kilograms of gold bars were stolen from a gold shop at Peninsula Square in Hung Hom.
- Around 2 p.m. on March 20, 2026：
- A 39-year-old man surnamed Jiang posed as a buyer to initiate the March 20 gold theft.
- Evening of March 20, 2026：
- Hong Kong police arrested five suspects in the March 20, 2026, gold heist and recovered all stolen gold.
- March 21, 2026：
- Chief inspector Yau Yu-sing held a press conference providing details of the March 20 gold theft.
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