Purpose

The foreign exchange market in Hong Kong, China, has developed into an international foreign exchange market since the 1970s. As a key global financial hub, Hong Kong's foreign exchange market is highly active, open, and internationalized. 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 ASA in Hong Kong, China as planned. According to public information, its office address is Room 1509, 15th Floor, Perry Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon.

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 broker ASA claiming to be located at Room 1509, 15th Floor, Bally Commercial Centre, 87-105 Chatham Road South, Tsim Sha Tsui, Kowloon.

The inspector successfully arrived at the Bailey Commercial Center, located on Chatham Road South in Tsim Sha Tsui, Kowloon. The surrounding area is bustling with a strong commercial atmosphere. No signs or related information of ASA company were found on the exterior of the building.

The surveyor entered the building lobby and explained their purpose to the security personnel. After a brief communication, they were granted entry. The directory inside the building displayed information for another company at this address.

Upon arriving at the target floor, the 15th floor, the field investigator found no clear signage indicating the office area of ASA. When the investigator reached the designated room 1509, it displayed Xiangrui Gold Industry instead of ASA. Due to the discrepancy between the actual situation and the information obtained, the investigator was unable to enter the so-called ASA office, could not photograph the reception area or its logo, and confirmed that this office was not a shared workspace.

Through the doorway, as this area belongs to another company, it is impossible to observe the internal environment and other conditions of ASA company. The overall situation does not match its claimed positioning.

Therefore, after the on-site inspection, it was confirmed that the broker ASA does not exist at the above address.

Conclusion

The inspection team visited the foreign exchange broker ASA at its publicly displayed business address in Hong Kong, China as planned, but found no 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 considered as the final basis for decision-making.