Reason for this visit

Hong Kong stock market is a diversified financial market including stock trading, bond issuance, fund management, and more. It has experienced rapid development and attracted a large number of investors and traders. Currently, Hong Kong stock market has become one of the most active stock markets in Asia, attracting investors from around the world. In Hong Kong stock market, investors can participate through various means, including direct stock purchases, trading through brokers or investment banks, and participating in the buying and selling of exchange-traded funds (ETFs) on the stock exchange. Brokers are an integral part of Hong Kong stock market, providing professional investment advice, trading services, risk management, and more to help investors achieve asset appreciation. At present, there are numerous stock brokers in Hong Kong, with some large brokers having a significant market share and a substantial customer base. These brokers provide various trading platforms and software to facilitate stock trading for investors. Additionally, some brokers offer financing services to help investors expand their investment scale. Overall, Hong Kong stock trading market and stock brokers are very active, attracting investors and traders from around the world. As the market continues to develop, investors will have more opportunities to participate and achieve good investment returns. In an attempt to help investors better understand the current brokers in Hong Kong, WikiStock survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Hong Kong to visit broker Zhongrong International as planned according to its regulatory address that Suites 1901-2 & 14, 19th Floor, Tower 6, The Gateway, Harbour City, Kowloon, Hong Kong.

The investigators came to The Gateway of Harbour City in Kowloon, Hong Kong for a visit to the broker‘s office on December 7, 2023. With a fabulous location adjacent to bus and ferry terminal, the commercial building is easily accessible by public transports within 8-minute walking distance from Tsim Sha Tsui Station or East Tsim Sha Tsui Station of MTR. Additionally, there’s a steady stream of people on the nearby street in a clean and tidy surrounding environment.

Upon access to the building for further investigation, the survey personnel located the renowned shopping mall of Harbour City on the ground floor home to the worlds various top brand outlets.

And then the investigation team proceeded to the 19th floor via the elevator, and discovered from the floor directory that unit 1901-02 & 14 are occupied by “China Best Group Holding Limited” and “Jet-Air (H.K.) Limited”, and there was no any information regarding “Zhongrong International”.

Upon arrival at office 1901-02 & 14, only China Bests reception area, company name and logo could be seen, without any sign of “Zhongrong International”.

Through the on-side investigation, it‘s confirmed that Zhongrong International doesn’t have a physical presence at the location.

Conclusion

The survey team went to Hong Kong to visit broker Zhongrong International as scheduled, but didn‘t find the company at its regulatory address. This denotes that the broker doesn’t have a physical business office at the place. Therefore, investors are advised to make a sensible decision following 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.