1. HSBC has no credit products in Chinese mainland now, so it should not set up a credit department.
2. HSBC Group is composed of Hongkong and Shanghai Banking Corporation, which has been expanding for many years. The Hongkong and Shanghai Banking Corporation opened in Hong Kong in March, 1865. In the same year, it opened branches in Shanghai and London, and set up a correspondent bank in San Francisco. Its establishment was triggered by the division of power of Hong Kong foreign firm.