Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. With its advantageous geographical location, open financial policies, and mature financial system, Hong Kong has become one of Asia's important forex trading centers. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the inspection team conducted on-site visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker Canfor in Hong Kong, China as planned. According to public information, its office address is Workshop 7, 20/F Khora, 128 Bedford Road, Tai Kok Tsui, Kowloon, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer Canfor claiming to be located at Workshop 7, 20/F Khora, 128 Bedford Road, Tai Kok Tsui, Kowloon, Hong Kong.

The inspection personnel successfully arrived at the target building, located at 128 Bedford Road, Tai Kok Tsui, Kowloon. The surrounding environment is relatively ordinary, with a mediocre commercial atmosphere. No signage or relevant information of the company was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security personnel. After registration, they obtained entry permission. The company's information was not listed on the directory inside the building.

Upon arriving at the target floor, the 20th floor, the field investigator found no clear signage for Canfor company. The investigator located the specified door number but was informed after knocking that it was the wrong company and had made a mistake. Due to this situation, the investigator could not enter the premises, nor could they photograph the reception area or its logo. Additionally, the office was not a shared workspace.

Through the doorway, the surveyor was unable to observe the internal environment of the company due to the inability to enter. The overall situation does not match its claimed positioning.

Therefore, after on-site verification, it was confirmed that the dealer Canfor does not exist at the above address.

Conclusion

The inspection team visited the forex broker Canfor at its publicly displayed business address in Hong Kong, China as planned, but found no information such as the company name of the broker, 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 opinions are for reference only and should not be used as the sole basis for final decision-making.