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 forex broker Barings as planned according to its regulatory address that 35/F, Gloucester Tower, 15 Queens Road Central, Hong Kong.

A seasoned and professional inspection team, committed to safeguarding investor interests, conducted a meticulously planned on-site verification of the broker Barings at 15 Queens Road Central in Central.

The target address is located at 15 Queens Road Central, Central, Hong Kong—a globally renowned top-tier financial and commercial hub. Upon arrival, the investigators observed heavy pedestrian traffic in the area, which is home to international financial institutions, high-end retail stores, dining establishments, and luxury residences, showcasing remarkable prosperity and business vibrancy. The target building, Gloucester Tower, part of the Landmark complex, stands out with its grand and striking exterior. However, no information related to the company “Barings” was found on the exterior of the building.

To ensure a thorough verification, the inspection team proceeded unimpeded into the ground-floor lobby of the building. The first step was to inspect the floor directory, where the 35th floor was clearly labeled as “Barings,” providing preliminary confirmation of the companys presence and floor location within the tower.

For a more comprehensive assessment, the survey team took the elevator directly to the 35th floor. The floor directory in the public area distinctly displayed “Barings Asset Management (Asia) Limited,” further specifying the entitys registered name. The office entrance featured a glass door, with the company name “BARINGS” and its exclusive logo prominently visible in a conspicuous position. This visual evidence strongly confirmed that Barings occupies this office space.

The team successfully reached and located the entrance to Barings‘ office on the 35th floor. However, due to the company’s security protocols or access restrictions, they were unable to enter the internal workspace. Despite this limitation, the transparency of the glass door allowed the team to capture photographs from the external corridor area, clearly showing the company logo of “BARINGS” at the reception desk.

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 Barings 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.