Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that has developed since the 1970s. As one of the world's important financial centers, the Hong Kong foreign exchange market is characterized by active trading, strong liquidity, and a rich variety of trading products. Leveraging its advantageous geographical location, sound financial system, and comprehensive regulatory framework, it has attracted numerous international financial institutions and investors to participate. 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

The on-site inspection team visited the forex broker XINHUA SECURITIES in Hong Kong, China as planned. According to public information, its office address is Room 1208, 12/F, Wing On Centre, 111 Connaught Road Central, Hong Kong.

A professional and experienced on-site verification team, driven by a sense of mission to rigorously vet for investors, proceeded according to a well-planned schedule to Wing On Centre at 111 Connaught Road Central, Central, Hong Kong, China. They conducted a physical verification of the dealer XINHUA SECURITIES, which claims to be located at Room 1208, 12/F, Wing On Centre, 111 Connaught Road Central, Hong Kong.

The verification personnel successfully arrived at Wing On Centre. The location is situated in the core area of Central, Hong Kong, with a bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information for this dealer was found on the exterior of the building.

The verification personnel entered the building lobby and stated their purpose to the security guard. After a simple registration, they obtained entry permission. On the internal directory board of the building, there was no information about this company.

Upon reaching the target floor, the 12th floor, the verification personnel found no clear signage for XINHUA SECURITIES's office area, nor any related security measures. As inquiries at the reception desk revealed there was no such company, the verification personnel were unable to enter the interior, could not photograph the reception area, and the office was not a shared workspace.

Through the glass door, and being unable to enter, they could not observe the internal office environment and other conditions. No information regarding this dealer was found. Inquiries at the reception desk confirmed there was no such company, leading to the judgment that it is false. Therefore, after the on-site verification, it was confirmed that dealer XINHUA SECURITIES does not exist at the aforementioned address.

Conclusion

The on-site inspection team visited the forex broker XINHUA SECURITIES at its publicly displayed business address in Hong Kong, China as planned, but was unable to see any information such as the broker's company name at the location, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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