Huarong-Some important Details about This Broker
Abstract： Huarong (now XinKong Capital) was founded in 1973 and is headquartered in Hong Kong. It provides full financial services through its licensed subsidiaries. It is funded by China's CITIC Financial AMC and offers securities trading, corporate finance, and asset management. While it holds Hong Kong SFC permits, their status is stated as “Exceeded”.
| Huarong Review Summary | |
| Founded | 1973 |
| Registered Country/Region | Hong Kong |
| Regulation | SFC (Exceeded) |
| Products & Services | Securities Trading, Corporate Finance, Asset Management, Investment Advisory, IPO Underwriting, Wealth Management |
| Demo Account | ❌ |
| EUR/USD Spread | 2 pips |
| Trading Platform | Mobile App |
| Minimum Deposit | / |
| Customer Support | Tel: (852) 3965 3965 |
| Fax: (852) 3965 3705 | |
| Email: info@hrif.com.hk | |
Huarong Information
Huarong (now XinKong Capital) was founded in 1973 and is headquartered in Hong Kong. It provides full financial services through its licensed subsidiaries. It is funded by China's CITIC Financial AMC and offers securities trading, corporate finance, and asset management. While it holds Hong Kong SFC permits, their status is stated as “Exceeded”.
Pros and Cons
| Pros | Cons |
| Regulated by SFC | No demo or Islamic (swap-free) accounts |
| Wide range of financial services | Exceeded license status |
| Multiple account types for individuals and corporates | Limited information on fees |
Is Huarong Legit?
| Licensed Entity | Regulated by | Regulatory Authority | Current Status | License Type | License No. |
| XinKong International Securities Limited | Hong Kong | Securities and Futures Commission (SFC) | Exceeded | Dealing in securities | ACV085 |
| XinKong International Capital Limited | Hong Kong | Securities and Futures Commission (SFC) | Exceeded | Dealing in securities | BGY986 |
Products and Services
Through its companies that are licensed in Hong Kong, Huarong offers a full range of financial services. China CITIC Financial AMC, the business's parent company, supports its services, which include securities trading, corporate finance advice, and asset management.
| Products & Services | Supported |
| Securities Trading | ✔ |
| Corporate Finance | ✔ |
| Asset Management | ✔ |
| Investment Advisory | ✔ |
| IPO Underwriting | ✔ |
| Wealth Management | ✔ |
Account Type
There are three primary categories of live trading accounts: Individual, Corporate, and Sole Proprietor/Partnership. The company does not have demo or Islamic accounts.
Huarong Fees
Huarong's forex trading fees, as indicated in bid-ask spreads, are generally reasonable and in line with industry averages.
| Currency Pair | Bid | Ask | Spread (Approx.) |
| EUR/HKD | 9.0627 | 9.0681 | 54 pips |
| JPY/HKD | 0.0544 | 0.0545 | 1 pip |
| GBP/HKD | 10.6472 | 10.6566 | 94 pips |
| EUR/USD | 1.1548 | 1.155 | 2 pips |
| USD/JPY | 144.03 | 144.17 | 14 pips |
| GBP/USD | 1.3567 | 1.3573 | 6 pips |
| AUD/USD | 0.6482 | 0.6492 | 10 pips |
Trading Platform
| Trading Platform | Supported | Available Devices |
| Mobile App (Android APK) | ✔ | Android |
| Mobile App (Android Google Play) | ✔ | Android |
| Mobile App (iOS English) | ✔ | iPhone |
Deposit and Withdrawal
Huarong does not mention any deposit or withdrawal fees. Bank-related charges, such as cheque clearing fees or overseas remittance charges, may apply depending on the channel used.
| Payment Method | Available Currency | Processing Time |
| ATM / Internet Banking / Phone Banking / Bank Counter | HKD / RMB | Same day if before 5:00 PM |
| Cheque Deposit | HKD | After bank clearing |
| Withdrawal via Cheque | HKD | Same day if requested before 11:00 AM |
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