Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. Since the abolition of foreign exchange controls in Hong Kong in the 1970s, a large amount of international capital has flowed in, the number of financial institutions engaged in foreign exchange business has continuously increased, the foreign exchange market has become increasingly active, and it has gradually developed into an international foreign exchange market. 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 Zhonghaiqihuo in Hong Kong, China as planned. According to public information, its office address is Room 1101, 118 Connaught Road West, 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 118 Connaught Road West, Hong Kong, China, to conduct a physical verification of the broker Zhonghaiqihuo claiming to be located at Unit 1101, 118 Connaught Road West, Hong Kong.

The inspectors successfully arrived at the target building. The surrounding area has a strong commercial atmosphere with bustling streets. However, no company logo or related information of the broker was found on the exterior of the building.

The inspectors entered the building lobby and, after stating their purpose to the security guard, were granted permission to enter.

Upon reaching the target floor, the 11th floor, the inspectors found that the directory listed information for other companies at this address. There was no clear signage for Zhonghaiqihuo in the office area. The inspectors searched the floor but found no information related to the broker. Due to the absence of company signage, the inspectors could not enter the so-called internal area, failed to take a photo of Zhonghaiqihuo's reception desk, and the floor was not a co-working space.

Through the common areas on the floor, the inspectors were also unable to observe the broker's internal office environment or any related situation. No information about the broker was found. Upon inquiry, the receptionist stated there was no such company, leading to the judgment that it is false.

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

Conclusion

The on-site investigator went to Hong Kong, China as planned to conduct a field visit to the forex broker Zhonghaiqihuo. At its publicly displayed business address, the investigator was unable to see information such as the company name of the broker, 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.