The Hongkong and Shanghai Banking Corporation Limited (the Chinese literal translation is "Hong Kong and Shanghai Banking Co., Ltd.", the English abbreviation HSBC, the Chinese abbreviation HSBC, which means "abundance of remittances") .

The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings plc. It is a founding member of the HSBC Group and its flagship in the Asia-Pacific region. It is also the largest registered bank in Hong Kong and one of the three major banknote issuers in Hong Kong. One of the banks (the other two are Bank of China (Hong Kong) and Standard Chartered Bank). Headquartered in the HSBC Head Office Building, 1 Queen's Road Central, Central, The Hongkong and Shanghai Banking Corporation and its subsidiaries currently have more than 700 branches and offices mainly in the Asia-Pacific region. Basic introduction Company name: The Hongkong and Shanghai Banking Corporation Limited Foreign name: The Hongkong and Shanghai Banking Corporation Limited Headquarters location: HSBC Head Office Building, No. 1 Queen's Road Central, Central, Hong Kong Date of establishment: March 3, 1865 Business scope: Financial industry company Type: Limited Company Company Slogan: Global Finance Local Wisdom (2002) Parent Company: HSBC Holdings plc Chairman of the Board: Ji Qin Chief Executive Officer: Wang Dongsheng Official website: :h *** c/ Business, Hong Kong, Mainland China, Mainland China Contemporary, Banking Honors, early development, group operations, HSBC Holdings, controversies, penalties, money laundering charges, business Hong Kong The Hong Kong and Shanghai Banking Corporation started with Hong Kong business. When it opened, it was owned by Sassoon & Co., one of the shareholders at the time, and was located on Victoria Street in Central. The Victoria Building in Bank Street (now known as Bank Street) served as its headquarters and obtained the right to issue banknotes. The location of the headquarters is similar to the location in 2012. It was purchased and converted into the second generation head office in 1886. In the 1880s, the Credit Union Bank closed down due to the loss of Ceylon coffee harvest. HSBC obtained the current account of the Hong Kong Bank of China from the Credit Union Bank and became the quasi-central bank of Hong Kong. In 1872, it was authorized by the British Government of Hong Kong to issue 1 yuan banknotes to supplement the serious shortage of 1 yuan silver coins. After World War II, HSBC shouldered the important task of rebuilding Hong Kong's economy. During the two banking crises in the 1960s and 1980s, HSBC was the final savior. On the other hand, HSBC built a head office in Kowloon to handle accounts and services in the New Territories of Kowloon. The Mongkok HSBC Building at 673 Nathan Road, Mongkok, Kowloon served as the second headquarters. In addition, in 1999, HSBC's office building in Tai Kok Tsui Qunshang is stationed in HSBC Centre. Tower 3 of HSBC Center is part of the first phase of the MTR Olympic Station Property Development Plan. The original site of HSBC Center was Tai Kok Tsui Pier Bus Terminal. In 1998, when the office building was not named, it was developed by Sino Group. The office building was sold to the Hongkong and Shanghai Banking Corporation for HK$4 billion to serve as the human resources department of the back office headquarters and some of the business of the original Mong Kok branch was moved there, hence the name HSBC Center. HSBC is the market leader in Hong Kong. In terms of the deposit market, HSBC Hong Kong has a market share of 24%, while the market share of credit card balances is 29%, and the mortgage and life insurance markets are approximately 17% each. And 20%. HSBC Headquarters Building Hong Kong Dollar Banknotes The Hongkong and Shanghai Banking Corporation has been issuing Hong Kong dollar banknotes since its establishment, but in the early days they were mainly used for commercial transactions. It was not until 1935 that the British Hong Kong Government passed the currency regulations, and HSBC was authorized to issue Hong Kong dollar banknotes above 5 yuan (the issuance of 5 yuan banknotes was terminated immediately after the issuance in 1975). Since 1994, *** has issued 10-yuan coins, and HSBC has no longer issued 10-yuan banknotes since then (the latest one was issued on January 1, 1992). Currently, HSBC's Hong Kong dollar banknote issuance accounts for more than 63% of the banknotes in circulation in Hong Kong. Acquisition of Hang Seng In 1965, a banking crisis occurred in Hong Kong. Hang Seng Bank experienced several runs and suffered huge losses. On April 8, the board of directors decided to sell the bank's controlling stake to The Hongkong and Shanghai Banking Corporation, and HSBC finally acquired 51% of Hang Seng Bank's shares. After obtaining controlling stake, HSBC eliminated the most threatening rival in Hong Kong's banking industry and established its monopoly advantage in Hong Kong's banking retail industry.

However, after HSBC acquired Hang Seng Bank, it only sent four representatives to join the board of directors and continued to maintain the original Chinese management. HSBC currently holds 62.14% of Hang Seng Bank. A ten-yuan sample note from the British businessman The Hongkong and Shanghai Banking Corporation in 1914. ATM In 1980, the Hongkong and Shanghai Banking Corporation introduced an ATM network called "ETC" (Electronic Teller Card). In the early days, ETC was only set up in downtown areas in Central District. Later, it was set up in branches in all districts and expanded the network to Macau. At present, in addition to the Hongkong and Shanghai Banking Corporation, its subsidiary Hang Seng Bank also uses the ETC network, and other commercial banks in Hong Kong and Macao use the JETCO network. In addition, the Hongkong and Shanghai Banking Corporation and Hang Seng Bank launched a self-service account checking system in 1991 called "Quick Check", which was called "Universal Uncle" in advertisements. Customers can check their account balances through their bank cards. However, since 2012, electronic banking services have become more popular, and you can use the Internet, telephone, etc. to check accounts. In addition to issues such as security and privacy (account balances can be viewed without providing a password), the checking system will be discontinued on January 1, 2007. All were demolished in mid-April. Online Banking With the development of the Internet, HSBC also provides online banking services. The scope of services includes fund subscription, foreign currency time deposits (non-Hong Kong residents cannot engage in RMB time deposit investments, other foreign currencies are acceptable), and trading of Hong Kong stocks and bonds. , derivatives, gold and regular fixed-amount deduction subscriptions for stock funds, etc. Social Impression: HSBC closed many unprofitable branches in Hong Kong in 2012, causing inconvenience to residents in remote and poor areas of Hong Kong and arousing public criticism. However, HSBC still has a high status in Hong Kong. When Hong Kong people buy stocks, it is popular to buy HSBC as a savings, convinced that its management can continuously increase the company's value. Its dividend payment has remained stable for a long time, and it has also established an image of "sharing dividends with the people". In 2006, Hong Kong *** implemented a five-day work system, but HSBC went in the opposite direction, extending service hours and hiring more employees (but branches located in industrial areas are closed all day on Saturdays and Sundays). become the object of comparison. Lin Senchi, former vice president of Merrill Lynch Hong Kong, once pointed out that if Hong Kong people started to buy HSBC stocks for HK$10,000 every year starting in 1977, starting from the 10th year, the dividends would be enough to buy HSBC stocks worth HK$10,000. Thirty years later, HSBC's market value has increased more than 80 times, and its annual dividends are more than HK$500,000. At that time, some citizens joked that if you want to invest, you only need to learn four words - HSBC, to reflect Hong Kong people's attitude towards the bank. However, HSBC's huge market value has kept its stock price stagnant for a long time. The investment community calls it the "Big Elephant". When the stock price of the "Big Elephant" takes off rapidly, the outside world often regards this as good news, or that the stock market trend can be hot. Signal. There is also a buzzword in the investment community called "Christmas Bell, buy HSBC". It is believed that if you buy HSBC on Christmas Eve, you will undoubtedly make a profit. However, this folk wisdom has proven to be untenable in 2012. In March 2009, HSBC announced its 2008 full-year results, recording a major profit decline that was rare since 2012. The profit in 2008 dropped by nearly 70% compared to 2007, and announced a rights issue to raise funds. After the news was announced, the stock price fell sharply, falling 18% in a single day, and the stock price returned to the price in the mid-1990s. Banking positions HSBC, Standard Chartered Bank and BOCHK are also authorized by the Hong Kong Monetary Authority to issue banknotes. In addition to issuing banknotes, HSBC is also the main current account of Hong Kong ***. Charitable Fund The HSBC Charitable Fund is a registered charitable fund in Hong Kong. It was established in 1981 with capital injection from The Hongkong and Shanghai Banking Corporation, and the bank provides ongoing funding. Supporting Enterprises The HKCSS-HSBC Social Enterprise Business Center is a business center in Hong Kong established by gathering forces from all walks of life to provide diversified services for social enterprises, including recruiting professionals (including HSBC employees) to provide professional advice and consulting services to social enterprises. The center is funded by a grant from the HSBC Charitable Fund. Mainland Shanghai Branch: Shanghai is the birthplace of HSBC. The letter "S" in the English abbreviation HSBC of HSBC refers to Shanghai. In 1864, several senior executives of British and foreign banks in Shanghai proposed to raise funds to set up a bank while chatting. In the same year, David McLean, the chief executive of the British Chamber of Commerce and Industry, learned that the bank was going to set up a branch in Shanghai. Because he was optimistic about the prospects of the banking industry, he immediately returned to China to raise funds. The next year, he returned to Shanghai with a huge sum of money to establish HSBC Bank. Shanghai Branch.

The turnover of HSBC Shanghai Branch not only ranks first among branches everywhere, but has even far exceeded that of the Hong Kong Head Office since its establishment. Similar to Sassoon & Co., one of the founding shareholders of HSBC, HSBC shifted its business focus from Hong Kong, which was developing slowly at the time, to Shanghai some time after its establishment. Until the Anti-Japanese War, Shanghai had always been HSBC's most important market in the world. After the Anti-Japanese War, HSBC's status in Shanghai was no longer inferior to that of American banks. After the founding of New China in 1949, HSBC was the only foreign bank to stay in Shanghai. It was found that the operating income was far less than the daily maintenance expenses of holding the property, so it had no choice but to completely withdraw from the Shanghai market in 1955.

From the late Qing Dynasty to the Republic of China, HSBC Shanghai was the main economic and collection agency for the Chinese Communist Party to repay foreign debts and compensation, the main bank for the collection and custody of China's domestic debt funds and the collection and deposit of China's tariffs on behalf of the General Taxation Department. In 1915, the total gold and silver inventory of all Chinese and foreign financial industries in Shanghai was 80.99 million taels, of which the Chinese Commercial Bank and banks accounted for 17.3%, the other nine foreign banks accounted for 44.3%, and HSBC alone accounted for 38.4%. In 1926, of the total issuance of HSBC's 42.95 million Hong Kong dollars, 24.2% was circulated in Hong Kong, only 4.6% was circulated in other countries, and 71.2% was circulated in various parts of the mainland, focusing on Shanghai. In 1936, HSBC's bank-wide deposits were US$255 million, of which US$153 million was received in China, accounting for 59.9%, accounting for 43.4% of the total deposits received by foreign banks in China, of which the Shanghai Branch accounted for a huge proportion. In addition, the foreign exchange traded by HSBC often accounts for 60%-70% of the Shanghai foreign exchange market trading volume.

From 1921 to 1923, HSBC built a 7-story, 14-acre, extraordinary neoclassical style building on the Bund, the financial center of Shanghai (belonging to the Shanghai Public Concession). The Shanghai HSBC Bank Building (today's No. 12 on the Bund, is the headquarters of Shanghai Pudong Development Bank). This building is known as "the most luxurious building from the Suez Canal to the Bering Strait in the Far East". It has a construction area of ??23,000 square meters and a cost of 10 times. at the then Hong Kong head office. With a beautifully carved appearance and a Greek-style circular dome reaching into the sky, this new building not only strengthened HSBC's leadership position in Shanghai's banking industry, but also immediately became a new landmark in Shanghai, the financial center of the Far East. . It is still recognized as the most beautiful building among the Bund buildings. Guangzhou Branch: HSBC opened a branch in Guangzhou in June 1865. In 1920, a 4-story building (today's Victory Hotel, No. 54, Shamian Street) was built in the British Concession of Guangzhou, Shamian, with a dome at the corner. Today, together with the entire Shamian modern building complex, it is listed as a national key cultural relic protection unit. Hankou Branch: Opened in 1866, a two-story building was built on the river beach in the British Concession in Hankou. From 1913 to 1920, it was rebuilt into a luxurious classical style 4-story building with a construction area of ??10,244 square meters. The colonnade on the front adopts Ionic columns. Closed in 1949. It is Everbright Bank Wuhan Branch. It was once listed as a cultural relics protection unit in Hubei Province. In 2006, it was listed as a national key cultural relics protection unit as part of the modern architectural complex in Hankou. Shantou Branch: Opened in 1866. Fuzhou Branch: Opened in 1866. Located on Tating Road, Cangshan, it is a typical colonial-style building with a white facade and two floors, seven rooms inside and a basement. It closed in 1949 and was converted into the dormitory of Fuzhou Second Hospital. It was seriously damaged due to disrepair and was later restored in 2009. It is now the Fuzhou Cangshan District Cultural Center. Ningbo Branch: Opened in 1866. Xiamen Branch: Opened in 1873. Haihou Road (now Lujiang Road) in the British Concession was initially established. In 1938, it moved to Guxin Road, Gulangyu Island. Closed in 1950. The location of Guxin Road is the shipyard dormitory. Yantai Branch: Opened in 1876. Located on Zhida Road (today's Customs Street), a gallery-style bungalow was built in 1921 and is listed as a cultural relic protection unit in Yantai City. Jiujiang Branch: Opened in 1879. Beihai Branch: Opened in 1880. Macau Branch: Opened in 1881. Tianjin Branch: Opened in 1882. In 1925, a classical style bank building was built at the corner of Victoria Road (now No. 84 Jiefang North Road) and Consul Road (now Datong Road) in the British Concession in Tianjin. It has a gorgeous roof and Ionic columns on the front colonnade. Mode. Designed by Tonghe engineers. Closed in 1954.

It is now the Tianjin Branch of the People's Bank of China. Listed as a cultural relic protection unit in Tianjin. Beijing Branch: Opened in 1889. In 1902, a Renaissance-style building was built in Dongjiaomin Lane. It closed in 1955 and was occupied by the Beijing Municipal Public Security Bureau. It was demolished in the 1980s due to road widening. Niuzhuang (Yingkou) Branch: Opened in 1892. Zhenjiang: Agency opened in 1894. Qingdao Branch: Opened in 1912. In 1917, a German-style building was built at the intersection of Guantao Road and Wusong Road. Harbin Branch: Opened in 1915, located at Shuidao Street, Daoli (today’s No. 37 Zhaolin Street). In 1923, a 4-story building in classic style was built. Closed in 1941. It is used by the Bank of China and is listed as a first-class protected building in Harbin. Fengtian (Shenyang) Branch: Opened in 1917. From 1931 to 1932, a five-story building in classical style was built at the intersection of Elevenwei Road and Sanjing Street. It is used by the Shenyang Branch of the Bank of Communications and is listed as a cultural relic protection unit in Liaoning Province. Dalian Branch: Opened in 1922. In 1925, a four-story building with a slight Renaissance style was built at No. 61 Yuguang Street, Zhongshan District. For use by the Industrial and Commercial Bank of China. Chongqing Branch: Opened in 1943. Mainland China's contemporary HSBC Bank (China) Co., Ltd. officially opened on April 2, 2007. Its head office is located in Shanghai. It is a wholly foreign-owned bank wholly owned by The Hongkong and Shanghai Banking Corporation Limited. Its predecessor was the original bank of The Hongkong and Shanghai Banking Corporation Limited. Branch offices in Mainland China. As of 2014, HSBC China has 135 outlets, of which 29 branches are located in Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Xiamen, Jinan, Qingdao, Nanjing, Hangzhou, Suzhou, Kunming, Chongqing, Chengdu, Taiyuan, Xi'an, Wuhan, Changsha, Dalian, Hefei, Zhengzhou, Ningbo, Harbin, Shenyang, Dongguan, Tangshan, Wuxi, Yangzhou, Changchun; in addition, in Beijing, Shanghai, Guangzhou, Tianjin, Shenzhen, Xiamen, Chengdu, Chongqing, Dalian, Foshan, There are branches in Zhongshan, Zhuhai, Hangzhou, Suzhou, Wuhan, Xi'an, Ningbo, Qingdao, Huizhou, Jiangmen, Kunshan, Chaozhou, Maoming, Qingyuan, Shantou, Shaoguan, Zhanjiang, Zhaoqing, Yangjiang and Yunfu. This ever-expanding branch network is second to none among foreign banks in the mainland. Combining international experience and in-depth knowledge of the local market, HSBC is uniquely positioned in China to provide you or your business with a wide range of banking and financial services. The main businesses of HSBC branches in China can be divided into two categories: First, Industrial and Commercial Banking (Corporate Banking), including project loans and real estate loans, import and export bills and bill collection, securities custody and B-share business, Four aspects include foreign exchange fund arrangements; the second is retail banking (Retail Banking), such as storage accounts, remittances, travellers' checks, credit cards, merchant services, etc. HSBC Shanghai Branch also provides customers with real estate mortgage loans and other services. HSBC's high-quality services have been widely recognized, and the awards it has won include: "Financial Asia" China's Best Foreign Bank "Asset" China's Best Money Management Bank "Global Finance" Best Private Bank "The Banker" Best in Asia and Western Europe The bank "Euromoney" rated it as "China's Best Foreign Bank" (for 4 consecutive years). Open an account in a Hong Kong bank: Hong Kong banks generally require all directors of the company to go to the bank in person to go through the account opening procedures. If the account signer or company director is from mainland China, Individuals must hold a Chinese passport or a Hong Kong and Macao travel permit to open an account. Company files and related information should be brought with you. Methods for directors to open a bank account without going to Hong Kong: Since some directors are inconvenient to open a bank account directly in Hong Kong, they can sign the account opening document (commonly known as signature witness) at a branch of a Hong Kong bank in China, and wait until the branch sends the document to Hong Kong After visiting the head office, we will go to the head office to handle the account opening procedures on our behalf. Since this type of account opening is more complicated, you can check with us before opening an account. Open an account at a foreign bank in China: If you don’t have a passport, you can open an offshore account at a branch of a Hong Kong bank in China. Hukou signers and non-hukou signers can apply as long as they have a Mainland China ID card. The account holder should bring relevant certificates and information.

Information required to open a bank account: Director’s identity document (identity certificate or passport) original/original business registration/original certificate of registration/original company articles/articles of association/original meeting minutes/account opening document signed by accountant/deposit into new account The cash/original credit certificate issued by the bank (the credit certificate should contain: name of the account holder, passport or ID number, account opening date, deposit amount, and the words "good bank transaction record"). Bank account opening service content: recommending a bank to open an account, arranging to issue a signed witness instruction letter to the account opening bank, preparing an account opening certificate signed by an accountant or lawyer, preparing a bank account opening application, and assisting customers in opening a company account at the bank. HSBC account management fees and handling fees: If the average balance of the account in three months is less than HKD50,000, the bank will charge an account management fee: HKD100/month via online transfer: 110HK per transaction; online transfer: 60HK per transaction via Hong Kong HSBC counter remittance: 200HK before 12 noon; 240HK after 12:00. Inward remittance through HSBC counter in Hong Kong: the minimum charge is 50HK, the details are determined by the bank. HSBC "Easy Banking" business accounts can transfer money to mainland companies and personal accounts: Details : If your HSBC account is transferred to a mainland personal account, you can transfer US dollars and Hong Kong dollars; if your HSBC account is transferred to a mainland company account, you can transfer US dollars or Hong Kong dollars. For accounts opened with HSBC in Hong Kong, you can use the card to withdraw RMB from HSBC's ATMs in Mainland China. You can withdraw RMB 20,000 per day, and the procedure is about RMB 200. Bank Honors: HSBC ranked 23rd in the 2012 list of the world's 50 safest banks by Global Finance magazine. In 2008, it ranked 20th among the Fortune Global 500, with revenue of US$146.5 billion and net profit of US$19.133 billion. On July 19, 2018, the Fortune Global 500 list was released, with HSBC ranked 90th. Early Development In July 1865, the Hongkong and Shanghai Banking Corporation opened its London branch and opened an agency in San Francisco until it became a full-service branch in 1875. In 1866, HSBC opened a branch in Yokohama, Japan, and became a consultant to the Japanese government. In 1888, HSBC Thailand Branch was established, becoming the first bank in Thailand and issuing the first batch of banknotes for Thailand. The Hongkong and Shanghai Banking Corporation initially provided financial services to foreign companies (mainly British-owned) in China. Although it had established a network of branches and agency banks around the world in its early days, its main business was still in China and other Asia-Pacific regions. The early trademark of The Hongkong and Shanghai Banking Corporation. The original name of The Hongkong and Shanghai Banking Corporation was: Hongkong and Shanghai Banking Company Limited. In 1866, the English name was changed to The Hongkong and Shanghai Banking Corporation. In 1881, the Chinese name was changed to Hong Kong and Shanghai. HSBC. The word "HSBC" is said to have been suggested by the Chinese comprador Gu Yingchun after calculating the fortune and misfortune of the strokes, taking its meaning of "rich remittances". By 1900, HSBC also established branches in other parts of the Far East, such as India and Singapore. After 1911, HSBC obtained the right to collect Chinese customs duties and salt taxes. By the beginning of the 20th century, HSBC had become the largest bank in the Far East. The foreign exchange traded by HSBC often accounts for 60%-70% of the Shanghai foreign exchange market trading volume. There was a temporary interruption in HSBC's business during the First World War, and with the end of the war, the company's business expanded further. During World War II, HSBC's business was again affected and its head office was temporarily moved to London. After the war, business operations in Hong Kong resumed operations and the operating rights of the Hong Kong head office were regained. In 1949, as the Communist Party of China took power, HSBC's branches in mainland China were closed one after another. Only the branch in Shanghai continued to operate. HSBC became one of the few foreign banks that did not interrupt its business in mainland China. In view of the limited development space, HSBC began to operate as a group in the 1950s. Group Operations The Hongkong and Shanghai Banking Corporation, under the leadership of Michael Turner, began to operate as a group in 1953. First, in 1955, the group's first subsidiary, the Hong Kong and Shanghai Banking Corporation of California, was established in California. In 1959, HSBC acquired Benefit Bank and the Middle East Bank of England, which was the first acquisition of the HSBC Group.

In 1965, HSBC acquired a controlling stake in Hang Seng Bank. In 1972, HSBC established Tollywood Limited (the predecessor of HSBC Investment Bank Holdings Limited). In 1980, HSBC took a stake in Marine Midland Bank and became a wholly-owned subsidiary of HSBC in 1987. In 1981, HSBC acquired a controlling stake in Equator Holdings Limited. In the same year, HSBC failed to acquire Royal Bank of Scotland, but its interest in acquiring large British banks has not diminished. In 1987, HSBC took a stake in the British Midland Bank. Through a cooperation agreement, HSBC and Midland Bank transferred business to each other. HSBC Holdings On December 17, 1990, The Hongkong and Shanghai Banking Corporation announced a structural reorganization, which included the establishment of a group holding company named HSBC Holdings plc and the upgrade of the London Branch of The Hongkong and Shanghai Banking Corporation to the registered office of HSBC Holdings at. The shares of HSBC Bank were transferred to HSBC Holdings, which then issued new shares, exchanging 4 HSBC shares for 1 HSBC Holdings share, and reduced the original issued shares to 3/4 for future overseas listing. HSBC Holdings shares replaced HSBC Bank shares and were listed on the stock exchanges in Hong Kong and London respectively. HSBC Holdings is registered in the UK, but uses Hong Kong as its general management office. The Hongkong and Shanghai Banking Corporation is a wholly-owned subsidiary of HSBC Holdings, and its registration in Hong Kong remains unchanged to facilitate the development of Hong Kong business. In 1991, HSBC Holdings, the parent company of HSBC, was established. The shares of The Hongkong and Shanghai Banking Corporation were transferred to HSBC Holdings, and the Hongkong and Shanghai Banking Corporation was wholly owned by HSBC Holdings. In 1994, the Hongkong and Shanghai Banking Corporation's business in Malaysia was transferred to HSBC Bank Malaysia, which was incorporated locally. The controversial incident was punished. On November 12, 2014, the financial regulators of the United Kingdom, the United States and Switzerland issued rulings on the exchange rate manipulation case, penalizing the world's five largest banks, Citibank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS*** Imposed a fine of $3.4 billion. The British Financial Conduct Authority fined five banks*** $1.77 billion, the U.S. Commodity Futures Trading Commission fined the five banks $1.48 billion, and the Swiss Financial Market Supervisory Authority only fined Swiss banks $1. A fine of 3.4 billion Swiss francs (approximately US$138 million). Money laundering charges On November 17, 2014, Belgian prosecutors stated that they had filed fraud and money laundering charges against a Swiss subsidiary of HSBC, involving hundreds of millions of euros. Agence France-Presse said that Belgian prosecutors pointed out in a statement that as a wholly-owned subsidiary of HSBC, HSBC Private Bank (Switzerland) was accused of helping hundreds of clients, including some diamond transactions based in the port city of Antwerp. The businessman deceived the Belgian ***.