Reason for this visit

The international forex market in Hong Kong has been developing since the 1970s. Due to the removal of forex control in Hong Kong since 1973, there has been a large inflow of international capital, and an increasing number of financial institutions operating forex business have mushroomed. The forex market has become more and more active, developing into an international forex market. Hong Kong forex market is an invisible market without a fixed trading venue. Traders conduct forex transactions through various modern communication facilities and computer networks. Hong Kongs geographical location and time zone conditions are similar to those of Singapore, making it very convenient to trade with other international forex markets. Participants in 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 have expanded their business to the Hong Kong forex market since the 1970s; international brokers that grow locally and has expanded their business to forex markets abroad. In an attempt to help investors or practitioners gain a more comprehensive understanding of current status of forex brokers in Hong Kong, WikiFX survey team determines to pay on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong, China to visit broker CMBC as planned according to its regulatory address that 45/F, One Exchange Square, 8 Connaught Place, Central, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the prominent forex broker CMBC at One Exchange Square in Central.

The target building “Exchange Square One” is located in the financial and commercial district of Sheung Wan, Hong Kong, surrounded by dense pedestrian traffic and a strong business atmosphere. The area is home to financial institutions, upscale dining, and residential properties, with convenient transportation, making it a typical bustling business district.

The building features a modern glass curtain wall structure, with clear floor indicators and a tidy, well-organized exterior, aligning with the image of an international financial center. Upon arrival, the field investigators first observed the exterior of the building. As a landmark, Exchange Square One stands tall with a well-maintained appearance.

Upon entering the building, the lobby displays a prominent floor directory. After verification, the directory clearly lists the 45th floor as “CMBC Capital Holdings Limited,” matching the name of the target company. The investigators then took the elevator directly to the 45th floor.

On the 45th floor, the elevator lobby and corridor feature company signage for “CMBC INTERNATIONAL” and “CMBC CAPITALS,” displayed bilingually in Chinese and English with clear, eye-catching fonts. Notably, although the company name includes “CMBC CAPITALS,” the signage does not display a standalone logo, presenting only the text.

The investigators attempted to enter the internal office area but was informed that prior appointment or internal authorization was required, preventing further access. Through the glass doors, the office appeared to have a simple, modern decor, but details such as workstation numbers and layout could not be recorded due to the lack of entry.

Despite being unable to enter, the inspection team photographed the reception desk and door signage from the public area. The photos show the reception backdrop wall printed with the full Chinese and English name of “CMBC CAPITALS,” fully consistent with the registered information. Additionally, the buildings property management confirmed that the floor has been leased long-term by CMBC Capital, ruling out the possibility of a shared workspace.

Through the on-site investigation, it is confirmed that the broker maintains a physical presence at the above address.

Conclusion

The survey team went to Hong Kong, China to visit broker CMBC as scheduled and found the company at its regulatory address. It signifies that the broker has a physical office at the place. Meanwhile, investors are advised to make a well-considered decision following much deliberation.

Disclaimer

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