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香港特别行政区东区英皇道170-174号
Reason for this visit
The international foreign exchange market in Hong Kong has been developing since the 1970s. Due to the removal of foreign exchange control in Hong Kong in 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating foreign exchange business have mushroomed. The foreign exchange market has become more and more active, developing 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 brokers in Hong Kong, the survey team is going to pay on-site visits to them.
On-site visit
In this issue, the investigation team went to Hong Kong, China to visit the foreign exchange broker Value Partners Group as planned according to its regulatory address that 43/F, The Center, 100 Queen’s Road Central, Central, Hong Kong.
The survey personnel came to the destination on March 11, 2023, where a Grade-A business building was situated in the prime business area of Central, with convenient MTR and various public transportations. In addition to a garden with a pool, there were also plenty of shops, restaurants, banks, and department stores surrounded by a clean environment with huge crowds of people.
After entering the lobby of the building, the survey team were told that people were not allowed to go to the target floor without a reservation due to a stringent security regulation. According to the staff of concierge department, visitors were required to confirm the company’s information with the property management department or make a reservation with the company before reaching the target office. Finally, the team failed to pay a special visit to the target office.
After an investigation, it is unknown if Value Partners Group has a physical presence here.
Conclusion
The investigators went to Hong Kong to visit forex broker Value Partners Group as scheduled, and failed to visit its office inside The Center. So it is unidentified if the company has a physical business office here. Investors are advised to make a sensible choice based on a comprehensive consideration.
Disclaimer
The content is used for informational purpose only, and shall not be taken as a final order for making a choice.
Website:https://www.valuepartners-group.com/en/
Website:https://www.valuepartners-group.com/en/
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