Hongkong and Shanghai Banking Corporation Limited is a foreign-funded bank. The Chinese literal translation is "The Hongkong and Shanghai Banking Corporation Limited", with the English abbreviation of HSBC and the Chinese abbreviation of "HSBC", which means "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. On April 2, 2007, HSBC Bank (China) Limited officially opened its business. Its headquarters is located in Shanghai, China. It is a wholly foreign-owned bank owned by Hongkong and Shanghai Banking Corporation Limited, and its predecessor is Hongkong and Shanghai Banking Corporation Limited China Mainland Branch. In 20 14, HSBC China * * * had 135 outlets, of which 29 branches were located in Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Xiamen, Jinan, Qingdao, Nanjing, Hangzhou, Suzhou, Kunming, Chongqing, Chengdu, Taiyuan, Xi 'an, Wuhan, Changsha. In addition, it has branches in Beijing, Shanghai, Guangzhou, Tianjin, Shenzhen, Xiamen, Chengdu, Chongqing, Dalian, Foshan, Zhongshan, Zhuhai, Hangzhou, Suzhou, Wuhan, Xi 'an, Ningbo, Huizhou, Jiangmen, Kunshan, Chaozhou, Maoming, Qingyuan, Shantou, Shaoguan, Zhanjiang, Zhaoqing, Yangjiang and Yunfu. On July 24th, 2020, according to the website of China Banking Regulatory Commission, Shenzhen Banking Insurance Regulatory Bureau recently issued an official reply on closing Shenzhen Longgang Sub-branch of HSBC (China) Co., Ltd., saying that it agreed to close Shenzhen Longgang Sub-branch of HSBC (China) Co., Ltd.
The main business of HSBC's branches in China can be divided into two categories: 1, corporate banking, including project loans and real estate loans, import and export bills and bills collection, securities custody and B-share business, and foreign exchange fund arrangement; 2. Retail banking services, such as deposit accounts, remittances, traveler's checks, credit cards, merchant services, etc. HSBC Shanghai Branch also provides services such as real estate mortgage loans to customers.