About HUNGSING
Who Is HUNGSING?
HUNGSING (鸿昇金融集团) is a Hong Kong-based financial services firm established in 2017 (according to our records, though the firm's website claims it was founded in 1999). It operates primarily as a stockbroker and asset manager, catering to individual and institutional investors in Hong Kong and potentially other markets. The firm's official domain is hungsing.org, and it maintains a presence on Facebook.
Regulation & Licensing
HUNGSING is registered with the Hong Kong Securities and Futures Commission (SFC). According to our records, it holds a Type 1 (dealing in securities) license, but that license has been exceeded, and its Type 2 (dealing in futures contracts) license has been revoked. However, the firm's own website claims to hold Type 1, 4, and 9 licenses. This discrepancy raises concerns for potential clients. The firm's SFC license status should be verified directly on the SFC public register before engaging with the broker.
Services & Products
HUNGSING offers a range of financial services centered around securities brokerage. Clients can trade Hong Kong-listed stocks, futures, and other investment products through cash or margin accounts. The firm also provides asset management services, IPO subscription, and corporate finance solutions such as debt and equity financing. Additionally, it distributes third-party wealth management products and offers customized structured financing.
Account Types & Platforms
The broker offers several account types: securities accounts (cash and margin), futures accounts, and asset management accounts. Trading is primarily conducted via the 'Hongsheng Securities' online platform, which uses the AYERS SYSTEM on desktop and mobile. The desktop version is compatible with Windows 7 or later, and mobile apps are available for iOS 8+ and Android 6+. A separate platform, SP SYSTEM, is used for futures trading. Telephone trading is also available.
Funding & Fees
Clients can fund their accounts via cheque, cash, bank transfer, or electronic banking. The broker emphasizes that only deposits in the client's own name are accepted. Fees include a basic commission of 0.25% (minimum HKD 100), plus statutory levies and clearing charges.
Margin interest is calculated at prime rate plus 3%. Additional fees apply for physical stock handling and other services. The full fee schedule is published on the broker's website.
Target Audience
HUNGSING appears to target both retail and institutional investors in Hong Kong. Its services are suited for individuals seeking Hong Kong stock trading, margin facilities, and professional asset management. The firm also positions itself as a partner for corporate clients needing financing or IPO support. However, given the questions around its SFC license status, it may not be suitable for traders outside Hong Kong or those looking for a fully regulated broker.
Bottom Line
HUNGSING is a Hong Kong stockbroker with a long-established market presence (at least since 2017). While it offers a full suite of securities services, regulatory concerns—specifically the reported exceeding and revocation of its SFC licenses—warrant caution. Traders should verify the firm's current license status and consider the implications before opening an account.
Overview compiled by FXCanary from regulatory records and public data. full HUNGSING review