Reason for this visit

The international forex market in Hong Kong has been developing since the 1970s. Due to the removal of forex control in Hong Kong since 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating forex business have mushroomed. The forex market has become more and more active, developing into an international forex market. Hong Kong forex market is an invisible market without a fixed trading venue. Traders conduct forex transactions through various modern communication facilities and computer networks. Hong Kongs geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international forex markets. Participants in Hong Kong forex market are mainly commercial banks and financial companies. There are three types of forex brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers who have expanded their business to the Hong Kong forex market since the 1970s; international brokers that grow locally and has expanded their business to forex markets abroad. In an attempt to help investors or practitioners gain a more comprehensive understanding of current status of forex brokers in Hong Kong, WikiFX survey team determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit broker ZHENG DA INTERNATIONAL as planned according to its regulatory address that Room 808, 8/F, Nam Fung Commercial Centre, 19 Lam Lok Street, Kowloon Bay, Hong Kong.

The professional and experienced investigators, driven by a strong sense of responsibility to safeguard investors' interests, came to the Nam Fung Commercial Centre at 19 Lam Lok Street in Kowloon Bay, Hong Kong and conducted a thorough and rigorous on-site investigation of the prominent forex broker, ZHENG DA INTERNATIONAL.

The Nam Fung Commercial Centre is located in the prosperous industrial and business district in Kowloon Bay. The bustling street is lined with a large array of shops, groceries, and restaurants, drawing a constant stream of people. Furthermore, there are many residential buildings nearby, filled with a strong sense of community. Educational institutions are often filled with the sounds of students studying, along with cheers and laughter, adding vibrancy and hope to the area.

The survey personnel arrived in front of a modern magnificent commercial building. Thanks to their careful preparation and excellent communication skills, they successfully entered the building and reached the designated 8th floor. In the lobby, the directory clearly indicated that unit 808 was occupied by “ZHENG DA INTERNATIONAL FINANCIAL HOLDING LIMITED,” which undoubtedly provided a clear direction for the inspection work.

Upon reaching the 8th floor, the inspection team discovered that the floor directory also listed “ZHENG DA INTERNATIONAL FINANCIAL HOLDING LIMITED” in the suite 808. Furthermore, the company name and logo was clearly visible on the door of the office.

Through the on-site investigation, it is confirmed that the broker has a physical presence at the location.

Conclusion

The survey team went to Hong Kong, China to visit broker ZHENG DA INTERNATIONAL as scheduled, and found the company at the aforementioned address. It denotes that the broker has a physical business office at the place. Meanwhile, investors are advised to make an informed decision following a comprehensive consideration.

Disclaimer

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