Purpose

The Hong Kong, China foreign exchange market is an international foreign exchange market that developed after the 1970s. As one of the international financial centers, Hong Kong's foreign exchange market is highly active in trading, characterized by a high degree of openness and liquidity. To help investors or practitioners gain a more comprehensive understanding of forex brokers in this region, the on-site inspection team conducted field visits in Hong Kong, China.

Process

The on-site inspection team visited the forex broker BAIXIANG in Hong Kong, China as planned. According to public information, its office address is 18 Luard Road, Wan Chai, Hong Kong.

A professional and experienced on-site inspection team, heading to 18 Luard Road, Wan Chai, conducted a physical verification of the broker BAIXIANG claimed to be located at this address.

The inspectors successfully arrived at the target building, located at Luard Road, Wan Chai, Hong Kong. The surrounding area is bustling with a strong commercial atmosphere. However, no signage or relevant information of the company was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard or staff. After communication, they obtained permission to enter.

Upon reaching the target floor, the inspectors found that the office area of BAIXIANG had no obvious signage, nor were there any special security measures. Upon inquiry, it was learned that this company does not exist within the building, so the inspectors could not enter the premises. Furthermore, the office was not a shared workspace.

From the public area, the inspectors could not observe the internal environment of the company, casting doubt on its authenticity. Therefore, after the on-site inspection, it was confirmed that broker BAIXIANG does not exist at the aforementioned address.

Conclusion

The on-site inspector visited the forex broker BAIXIANG at its publicly displayed business address in Hong Kong, China as planned, but could not find any information such as the company name of the broker. This indicates 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.