Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s, growing alongside the financial globalization of the Hong Kong region and the rapid expansion of its foreign trade and tourism industries. 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 Longasia in Hong Kong, China as planned. According to public information, its office address is on the 19th floor, Unit 1902-3, CITIC Tower, 1 Tim Mei Avenue, Admiralty, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously vet investments for investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the trader Longasia claiming to be located at Unit 1902-3, 19th Floor, 1 Tim Mei Avenue, CITIC Tower, Admiralty, Hong Kong.

The inspection personnel successfully arrived at CITIC Tower in Hong Kong, located at Tim Mei Avenue, Admiralty, Hong Kong, surrounded by a bustling environment with a strong commercial atmosphere. However, no company signage or related information of Longasia was found on the exterior of the building.

The surveyor entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter the building lobby.

The surveyor did not find the company's nameplate Longasia in the lobby. When attempting to proceed to the target floor, the 19th floor, although there was a specific unit number 1902 - 3, it displayed another company's name. After inquiring at the reception, they were informed that they could not go upstairs to verify. Since they were unable to reach the specific floor to confirm the location, the surveyor could not enter the company's premises, nor could they take photos of the reception area or the company's logo. Additionally, the office was not a shared workspace.

Through the lobby area, the internal environment of Longasia company cannot be observed. The overall situation does not match its claimed positioning.

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

Conclusion

The on-site investigator visited the foreign exchange broker Longasia in Hong Kong, China as planned, but could not find any information such as the company name at the publicly displayed business address, 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 final basis for decision-making.