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, Hong Kong's foreign exchange market is highly active in trading, with a high degree of openness and internationalization. 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 Yonglong in Hong Kong, China as planned. According to publicly available information, its office address is Room 06, 12th Floor, Li Jia Center, 361 Shaojiwan Road, Hong Kong.

A professional and experienced site verification team, driven by a sense of mission to rigorously safeguard investors, meticulously planned and traveled to Hong Kong, China, to conduct an on-site verification of the dealer Yonglong, which claims to be located at Room 06, 12th Floor, Li Jia Center, 361 Shau Kei Wan Road, Hong Kong.

The verification personnel successfully arrived at Li Jia Center. The location is situated on Shau Kei Wan Road in Hong Kong, with a relatively bustling surrounding environment and a strong commercial atmosphere. However, no signage or relevant information for Yonglong Company was found on the exterior of the building.

The verification personnel entered the lobby of the building and explained their purpose to the security guard. After brief communication, permission to enter the building was obtained. On the directory board inside the building, information for other companies was displayed at this address.

Upon reaching the target floor, the 12th floor, the verification personnel found no obvious signage for Yonglong in the office area. Since no information about the company was found, the verification personnel could not enter the interior. Furthermore, they could not photograph Yonglong's reception desk or its logo at the reception desk. The office was not a shared office.

Through the public areas on the floor, the verification personnel could not observe the company's internal environment and found no information about this dealer. Inquiry with security personnel revealed that there was no such company. The overall situation did not match its claimed positioning.

Therefore, after the site verification, it was confirmed that dealer Yonglong does not exist at the aforementioned address.

Conclusion

The inspection personnel, as planned, visited the publicly displayed business address of the forex broker Yonglong in Hong Kong, China, but were unable to see any information such as the broker's company name at the location, 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 viewpoints are for reference only and should not be used as the basis for final selection.