Reason for this visit

The Hong Kong foreign exchange 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 foreign exchange market. The Hong Kong foreign exchange 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 foreign exchange market are mainly commercial banks and financial companies. There are three types of foreign exchange 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 foreign exchange dealers in Hong Kong, the survey team is going there to conduct on-site visits.

On-site visit

In this issue, the investigation team went to Hong Kong, China to visit the foreign exchange dealer YAUSENG as planned. The survey address is Room B, 7/F, Winning House, 72-76 Wing Lok Street, Sheung Wan, Hong Kong.

The survey personnel came to the destination of the current survey according to the above address. The office of YAUSENG is located in the long-established business district of Sheung Wan, Hong Kong, close to the MTR and various public transports. The surrounding environment is clean and tidy, with a strong flow of people, as well as shops, restaurants, markets, residences and hotels of all walks of life. The destination is an old building with a small facade and a relatively crowded interior. There is no water sign or front desk in the building, so the survey personnel went upstairs to visit.

The investigators found the dealer's office at Room B on the 7th floor. The three companies at the entrance all belong to YAUSENG Group, and the name of the trader YAUSENG is on the first line of the water sign. Due to the epidemic, the survey personnel were unable to enter the office to take pictures. Nevertheless, the real existence of the dealer's office has been confirmed.

Conclusion

The investigators went to Hong Kong to visit the foreign exchange dealer YAUSENG as planned, and the trader's logo can be found on the publicly displayed business address, indicating that the trader has a real business venue. Unfortunately, the survey personnel were not able to enter the company for internal visit, so the specific scale of its exhibition business is unknown. Investors are requested to make a sensible choice after careful consideration.

Disclaimer

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