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 dealers in Hong Kong, the survey team is going there to conduct on-site visits.

On-site visit

In this issue, the investigation team went to Hong Kong, China to visit the foreign exchange dealer XINHUIBAO as planned. The survey address is Room 1512-1515, 15/F, Metropolis Building, No. 10 Metropolis Road, Hung Hom, Kowloon.

The survey personnel came to the destination of the current survey according to the above address. The office of XINHUIBAO is located in downtown Kowloon, close to the cross-harbour tunnel, which leads directly to the railway station, MTR, Hong Kong Coliseum, shopping malls, residences and Harbour Plaza Metropolis. The surrounding environment is clean, quiet and beautiful, and the transportation is convenient. The destination is a high-end commercial building located above the shopping mall. The investigators found the trader's name on the water sign in the building.

The investigators found the trader's office on the 15th floor, and the trader's website domain name and logo were pasted on the background wall of the front desk. Due to the epidemic, the survey personnel were not able to enter the company, and only briefly took some pictures at the front desk. Nevertheless, it is confirmed that the dealer does have an office there.

Conclusion

The investigators went to Hong Kong to visit the foreign exchange dealer XINHUIBAO as planned, and the trader's logo can be found on the publicly displayed business address, indicating that the trader has a real business venue. Unfortunately, the survey personnel were not able to enter the company for internal visit, so the specific scale of its exhibition business is unknown. Investors are requested to make a sensible choice after careful consideration.

Disclaimer

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