Hsbc, abbreviated as HSBC, is the Hongkong and Shanghai Banking Corporation Limited. It is a wholly-owned subsidiary of HSBC Holdings Limited. HSBC is a founding member of the HSBC Group and the flagship of the Asia-Pacific region. It is also the largest registered bank in China Mainland and Hong Kong, and one of the three largest note-issuing banks in China Mainland and Hong Kong. The other two are Bank of China (Hongkong Bank) and Standard Chartered Bank.
The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings Limited, which is a founding member of HSBC Group and its flagship in the Asia-Pacific region. It is also the largest registered bank in China Mainland and Hong Kong, and one of the three largest note-issuing banks in China Mainland and Hong Kong. The letter "S" in the English abbreviation of HSBC refers to Shanghai, which is the birthplace of HSBC. Hongkong and Shanghai Banking Corporation (China) Limited officially opened on April 2, 2007, and its head office is located in Shanghai, China. It is a wholly foreign-owned bank owned by Hongkong and Shanghai Banking Corporation Limited.
The business types of HSBC in China mainly include loans and real estate loans, import and export bills and bill collection, securities custody and B-share business, foreign exchange fund arrangement, deposit accounts, remittance, traveler's checks, credit cards and merchant services. Many branches have been opened in different cities in China. Headquartered in London, HSBC Group has about 9,500 subsidiaries in 76 countries and regions in Europe, Asia-Pacific, America, Middle East and Africa. HSBC is listed on stock exchanges in London, Hongkong, new york, Paris and Bermuda. From 2065438 to 2009 10, Interbrand ranked 47th in the list of top global brands 100.
1. With the continuous opening of the financial market after China's accession to 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 Chinese mainland Branch of The Hongkong and Shanghai Banking Corporation Limited.