Purpose

The Hong Kong, China foreign exchange market is an international forex market that developed in the 1970s. Leveraging its advantageous geographical location, sound financial system, and open policy environment, it has become one of Asia's important forex trading centers. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

In this issue, the on-site inspection team went as planned to Hong Kong, China, to conduct a field visit to the forex broker SINPPY. According to publicly available information, its office address is Room 83, 3rd Floor, Oil Center, 45 Hoi Yuen Road, Kwun Tong, Kowloon, 999077 China Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a meticulous plan to the address of Yau Tong Centre, No. 45 Hoi Yuen Road, Kwun Tong, Kowloon, Hong Kong, China, to conduct a physical verification of the broker SINPPY which claimed to be located in Room 83, 3rd Floor at this address.

The inspectors successfully arrived at Yau Tong Centre. The location is on Hoi Yuen Road, Kwun Tong, Kowloon, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for SINPPY was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter. On the internal directory board of the building, there was no information for this company.

Upon reaching the target floor, the 3rd floor, the inspectors found no clear signage for the SINPPY office area and discovered no information whatsoever about this broker. Inquiries with security personnel confirmed that there was no such company. Due to the lack of relevant information about the company, the inspectors could not enter the premises, were unable to photograph a reception area, and the office was not a shared workspace.

From the public area, as entry was not possible, the inspectors could not observe the internal environment of the company. The overall situation did not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that broker SINPPY does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker SINPPY at its publicly displayed business address in Hong Kong, China as planned. They were unable to see the broker's company name or other relevant information at the location, indicating that the broker does not have a genuine physical business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.