Purpose

The Hong Kong foreign exchange market in China is an international forex market that developed in the 1970s. As one of the global financial centers, the Hong Kong forex market holds a significant position in worldwide forex trading due to its high openness, active trading environment, and mature regulatory system. 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 Tonghai Financial in Hong Kong, China as scheduled. According to public information, its office address is 18th and 19th Floors, China Building, 29 Queen's Road Central, 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 claiming to be located at 18th and 19th Floors, China Building, 29 Queen's Road Central, Hong KongTonghai Financial.

The inspection personnel successfully arrived at the target building, located at 29 Queen's Road Central, surrounded by a bustling environment with a strong commercial atmosphere. However, no company signage or related information for Tonghai Financial was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After communication, permission to enter the building was granted. Inside the building, no signage or information about the company was found.

Upon arriving at the target floors, the 18th and 19th, the field investigators found that the office area of Tonghai Financial had no clear signage or security measures. As no information about the company was found, the investigators were unable to enter the premises. Additionally, they could not photograph the reception area or its logo, and the office space was not a shared workspace.

Through the common areas of the floor, the inspector was unable to observe any internal conditions of the company. The overall situation did not match its claimed positioning, leading to the conclusion that it is fraudulent.

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

Conclusion

The inspection team visited the forex broker Tonghai Financial at its publicly displayed business address in Hong Kong, China as planned, but did not find any 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 views are for reference only and should not be used as the sole basis for final decision-making.