The Hongkong and Shanghai Banking Corporation Limited (literally translated as "The Hongkong and Shanghai Banking Corporation Limited" in Chinese, abbreviated as HSBC in English, meaning "abundant remittance" in Chinese).
The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings Limited. It is a founding member of HSBC Group and the flagship of the Asia-Pacific region. It is also the largest registered bank in Hong Kong and one of the three largest note-issuing banks in Hong Kong (the other two are Bank of China (Hong Kong) and Standard Chartered Bank).
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Since the opening of 1865 in Shanghai, the business of HSBC in the Mainland has never stopped, especially in trade financing. Personal business scope is also expanding.
With the continuous opening of the financial market after China's entry into the World Trade Organization, the service scope of HSBC in the Mainland has also expanded rapidly to meet the needs of customers in the China market.
1997, HSBC became one of the first foreign banks to operate RMB business in Pudong, Shanghai, and in 1998, it became the first member of the similar RMB lending market in China, and was allowed to conduct RMB bonds and repurchase transactions through this market.
The Hongkong and Shanghai Banking Corporation (China) Limited officially opened its business on April 2, 2007. Headquartered in Shanghai, it is a wholly foreign-owned bank of The Hongkong and Shanghai Banking Corporation Limited, whose predecessor was the former branch of The Hongkong and Shanghai Banking Corporation Limited in China.
HSBC is one of the foreign banks with the largest investment in the Mainland, and its total investment in Chinese-funded financial institutions and their own development in the Mainland has exceeded 5 billion US dollars, including 8% of Shanghai Bank, 65,438+06.8% of Ping An Insurance and 65,438+09% of Bank of Communications.
Baidu Encyclopedia-HSBC