Reason for this visit

The Hong Kong foreign exchange market is an international market developed after the 1970s. Since the removal of foreign exchange control in Hong Kong in 1973, there has been a large inflow of international capital and the number of financial institutions operating foreign exchange business has continued to increase. The foreign exchange market has become more and more active, and it has developed into an international foreign exchange market. The Hong Kong foreign exchange market is an invisible market with no fixed trading venue. Traders conduct foreign exchange transactions through various modern communication facilities and computer networks. Hong Kong's geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international foreign exchange markets. Participants in the Hong Kong foreign exchange market are mainly commercial banks and financial companies. There are three types of foreign exchange brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers, who expanded their business to the Hong Kong foreign exchange market after the 1970s; international brokers that developed in Hong Kong, whose business has expanded to foreign exchange markets abroad. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange brokers in Hong Kong, the survey team is going to pay on-site visits to them.

On-site visit

In this issue, the investigation team went to Hong Kong, China to visit the foreign exchange broker Kingston as planned. The survey address is 72/F, The Center, 99 Queen's Road Central, Hong Kong.

The survey personnel came to the destination of the current survey according to the above address. The office of Kingston is located in Central, Hong Kong, which is the main business district with the convenient MTR and various public transportations. The surrounding environment is clean, tidy and popular. There are also shops, restaurants, banks and department stores of all walks of life. The destination is an upscale office building surrounded by many world-renowned financial companies. There is a company directory in the hall, where the survey personnel didn’t find the name of the broker.

The survey personnel entered the lobby of the building, but couldn’t reach the destination floor without an access card due to security reasons. And then they determined the information of Kingston at the concierge department. What’s more, the advertisement released by the broker could be seen on the external wall of the building. Therefore, the survey personnel confirmed that the broker’s office does exist here.

Conclusion

The investigators went to Hong Kong to visit the foreign exchange broker Kingston as planned, and its logo could be found at the business address publicly displayed by the broker, which indicates that the broker has a real business venue. Unfortunately, the survey personnel were not able to enter the company for an internal visit, so the specific scale of its business is unknown. Investors are advised to make a sensible choice based on a comprehensive consideration.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.