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, the Hong Kong foreign exchange market features active trading, a high degree of openness, and strict regulation, attracting the participation of numerous globally renowned financial institutions and investors. 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 Grand International in Hong Kong, China as planned. According to public information, its office address is Room D, 9/F, Yu Hing Mansion, No 57 Bonham Strand West, Sheung Wan, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to strictly vet for investors, proceeded according to a well-planned schedule to Hong Kong, China, to conduct a physical verification of the broker Grand International claiming to be located at Room D, 9/F, Yu Hing Mansion, No 57 Bonham Strand West, Sheung Wan, Hong Kong.

The inspectors successfully arrived at the target building, located at Yu Hing Mansion, No. 57 Bonham Strand West, Sheung Wan, Hong Kong. The surrounding area is relatively bustling with a strong commercial atmosphere. No company signage or related information was found on the exterior of the building.

The inspectors entered the building lobby and stated their purpose to the security guard. After communication, they obtained permission to enter. There was no information about this company on the directory board inside the building.

Upon reaching the target floor, the 9th floor, the inspectors found no clear signage for the Grand International office area and no security measures. However, the inspectors were unable to enter the interior, could not photograph the reception area, and the office was not a shared workspace.

Through the door, the inspectors could not observe the interior environment of the company as they were not permitted to enter. Upon arrival, it was confirmed to be the address, but after entering, no information about this broker was found. Inquiry with the security guard revealed there was no such company, leading to the judgment that it is false.

Therefore, after the on-site inspection, it was confirmed that broker Grand International does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker's publicly displayed business address in Hong Kong, China, as planned, but was unable to see any information such as the broker's company name, indicating that the broker does not have a genuine business premises. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

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