The Hongkong and Shanghai Banking Corporation (China) Limited officially opened its business on April 2, 2007. It is a locally registered foreign corporate bank, wholly owned by Hongkong and Shanghai Banking Corporation Limited. The Hongkong and Shanghai Banking Corporation Limited was established in Hong Kong and Shanghai on 1865 and is one of the founding members of the HSBC Group. The predecessor of HSBC China is the China branch of The Hongkong and Shanghai Banking Corporation Limited. HSBC (China) provides excellent personal banking services and high-quality financial services for industrial and commercial enterprises.
1. HSBC is a foreign bank. Its full name is The Hongkong and Shanghai Banking Corporation Limited, which is literally translated into "The Hongkong and Shanghai Banking Corporation Limited" in Chinese, abbreviated as HSBC in English and "HSBC" in Chinese, meaning "abundant remittance". 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 other two are Bank of China (Hong Kong) and Standard Chartered Bank). Headquartered in the Hongkong and Shanghai Banking Corporation Building,No. Kloc-0, Queen's Road Central, Hongkong and Shanghai Banking Corporation and its subsidiaries have set up about 700 branches and offices in the Asia-Pacific region. 202110 On June 8th, Hong Kong Monetary Authority (HKMA) announced that HSBC could provide cross-border wealth management services.
2. The main business of HSBC in China Branch can be divided into two categories: first, corporate banking, including project loans and real estate loans, import and export bills and bill collection, securities custody and B-share business, and foreign exchange fund arrangement; Second, retail banking business, such as deposit account, remittance, traveler's check, credit card, merchant service, etc. HSBC Shanghai Branch also provides services such as real estate mortgage loans to customers.