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 Ascentmarkets as planned. The survey address is Unit 701, 7/F, 100 Queen's Road Central, Hong Kong.

The survey personnel came to the destination of the current survey according to the above address. The office of Ascentmarkets is located in the Central District of Hong Kong, which is a long-established business district. There are MTR and various public transportation nearby, and the surrounding environment is clean and crowded. There are also shops, restaurants, markets, residences and hotels of all trades. The destination is a high-end office building surrounded by many world-renowned financial companies. There is a water sign in the hall, on which the investigators found the trader's name.

The investigators found the dealer's office in Room 701 on the 7th floor. The sign "StoneX" was pasted at the door, which is the logo of the company within the same group. Due to the epidemic, the survey personnel were not able to enter the company, and only briefly took some pictures at the gate. 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 Ascentmarkets 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.