Purpose

The Hong Kong foreign exchange market in China developed into an international forex market in the 1970s. As one of the global financial centers, the Hong Kong forex market is characterized by active trading, strong liquidity, and a diverse range of trading products, holding a significant position in the Asian and even global forex markets. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, an on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Huaxin Futures in Hong Kong, China as scheduled. According to public information, its office address is Room H1, 17th Floor, Man Cheung Building, 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, meticulously planned and visited Wan Chiu Fung Centre at 133 Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong, China, to conduct an on-site verification of the dealer Huaxin Futures claiming to be located at this address.

The inspection personnel successfully arrived at Man Cheung Fung Centre, located at Hoi Bun Road, Kwun Tong, Kowloon, Hong Kong. The surrounding area is relatively bustling with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The field investigator entered the building lobby and stated their purpose to the security personnel. After a brief communication, they were granted entry. They searched for the company on the building directory but found no relevant information. Subsequently, they inquired at the front desk and were informed that no such company existed—it was fictitious.

Upon arriving at the target floor (17th floor), the investigators found no clear signage for the Huaxin Futures office area, nor any security measures. No signs of the purported trader were discovered upon arrival, leading to suspicions that the trader might be fictitious. Due to the lack of any relevant information about the company, the investigators were unable to enter the premises. The office was not a shared workspace.

Through the glass door, it was impossible to observe the internal environment of the company as access was restricted. The overall situation did not align with its claimed positioning.

Therefore, after on-site verification, it is confirmed that the dealer Huaxin Futures does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Huaxin Futures in Hong Kong, China as planned, but could not find any information such as the company name at the publicly displayed business address, indicating that the broker does not have a genuine business premises. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

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