Purpose

The Hong Kong foreign exchange market in China developed into an international forex market after the 1970s. As one of the global financial centers, Hong Kong boasts an active forex market with well-established systems and strict regulations. 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 Fidelity in Hong Kong, China as scheduled. According to public information, its office address is 21/F, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, meticulously planned and visited Two Exchange Square, 8 Connaught Place, Central, Hong Kong, China, to conduct an on-site verification of the dealer Fidelity claiming to operate at this address.

The inspection personnel successfully arrived at Two Pacific Place, located in the prime area of Admiralty, Hong Kong, with a bustling surrounding environment and a strong commercial atmosphere. However, no company signage or related information of Fidelity was found on the exterior of the building.

The inspector entered the building lobby and explained their purpose to the security personnel. After a brief communication, they obtained permission to enter the building. No signage for the company was found inside.

However, upon reaching the target floor (21st floor), access was restricted as a card swipe was required to proceed further, making it impossible to reach the specific floor. When inquiring with the front desk staff, they indicated they were unaware of the company's situation. No clear signage or security measures were observed for Fidelity's office area on the target floor. Due to the inability to access the specific floor, the inspection personnel could not enter the interior, nor could they photograph the reception area or its logo. Additionally, the office space in question was not a shared workspace.

Through the lobby area, the on-site inspectors were unable to observe the internal environment of the company and other conditions. Overall, after the on-site inspection, it was confirmed that the dealer Fidelity does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker Fidelity in Hong Kong, China as planned, but found no 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 sole basis for final decisions.