Purpose

The Hong Kong, China foreign exchange market, which has developed since the 1970s, has become one of Asia's important forex trading centers due to its advantageous geographical location, open financial policies, and mature financial 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 SHANGQUAN in Hong Kong, China as scheduled. According to public information, its office address is "ROOM 8, 11/F, WANG FAI INDUSTRIAL BUILDING, 29 LUK HOP STREET, SAN PO KONG, KOWLOON, HONG KONG".

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet for investors, follows a meticulous plan to visit the target area in Hong Kong, China, and conducts an on-site verification of the broker SHANGQUAN claimed to be located at the aforementioned address.

The inspection personnel successfully arrived at Wong Fai Industrial Building, located at 29 Luk Wo Street, San Po Kong, Kowloon. The surrounding environment is relatively ordinary with an average commercial atmosphere. No signage or relevant information of the trader was found on the exterior of the building.

The surveyor entered the building's lobby and explained their purpose to the security personnel. After a brief communication, they were granted entry. However, the company's information was not listed on the building's internal directory.

Upon arriving at the target floor (11th floor), the field investigator found that the office area of SHANGQUAN had no clear signage or security measures. As no information about the company was found, the investigator was unable to enter the premises. They could not photograph the reception area or the reception desk's logo, and the office was not a shared workspace.

Through the glass door, the internal situation was unclear, making it impossible to observe the company's interior environment, decoration style, and employee activities. The overall situation did not match its claimed positioning.

Therefore, after on-site verification, it is confirmed that the broker SHANGQUAN does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker SHANGQUAN in Hong Kong, China as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine business location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be considered as the final basis for selection.