Because agency means that the organizational structure is subordinate, financial products with high margin trading are not allowed in China. Any foreign company, as long as it is formal, is well aware of this problem. It will be said that domestic institutions are all domestic self-operated cooperative institutions and have no affiliation.
In other words, it would be great if the agent you consulted told you desperately that he was the only agent in Chinese mainland's overseas market. Don't worry, you didn't discuss it.