Reason for this visit

The Hong Kong forex market is an international market developed after the 1970s. Since the removal of foreign exchange control in Hong Kong in 1973, there has been a large inflow of international capital and the number of financial institutions operating foreign exchange business has continued to increase. The foreign exchange market has become more and more active, and it has developed into an international forex market. The Hong Kong forex market is an invisible market with no fixed trading venue. Traders conduct foreign exchange transactions through various modern communication facilities and computer networks. Hong Kong's geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international foreign exchange markets. Participants in the Hong Kong forex market are mainly commercial banks and financial companies. There are three types of forex brokers in this market: local brokers, whose business is limited to Hong Kong; international brokers, who expanded their business to the Hong Kong foreign exchange market after the 1970s; international brokers that developed in Hong Kong, whose business has expanded to foreign exchange markets abroad. In order to help investors or practitioners have a more comprehensive understanding of forex dealers in Hong Kong, the survey team is going there to conduct on-site visits.

On-site visit

This time the survey team visited the dealer ChinaGalaxy in Hong Kong, China, with the specific address at 20/F Wing On Centre, 111 Connaught Road Central, Hong Kong.

Based on the above address, the survey team came to the destination of this survey. ChinaGalaxy's office is located in Sheung Wan, Hong Kong, a long-developed business district, which is accessible by MTR and various public transportation. The surrounding environment is clean and well-traveled. There are also stores, restaurants, markets, residences and hotels for all kinds of businesses. The destination building is the famous Wing On Centre, where the office units are for lease only and not for sale. Inside the building are insurance groups, real estate companies, law firms, accounting firms and clinics. There is a directory and reception in the lobby, and the surveyors found the name of ChinaGalaxy on the directory.

The surveyors found ChinaGalaxy's office on the 20th floor with the dealer's logo on the door, but there was another epidemic prevention notice posted on the door. Due to the epidemic, they were not able to enter the office to take pictures, but the surveyors confirmed the existence of the dealer's office.

Conclusion

The survey team went to Hong Kong, China to visit the dealer ChinaGalaxy as planned, and the dealer's logo could be found on its publicly displayed address, indicating that the dealer has a real place of business. Unfortunately, the surveyors were not able to visit and photograph the interior of the company, so the specific scale of its exhibition business is unknown. Investors are advised to make their choice after comprehensive consideration.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.