It's UnionPay. On April 7, 2004, The Hongkong and Shanghai Banking Corporation Limited announced in Shanghai that the well-known financial institution had signed a memorandum of cooperation with China UnionPay Co., Ltd. to jointly provide RMB credit cards and ATM services under the UnionPay brand. According to the agreement, HSBC became a member of China UnionPay. Hongkong and Shanghai Banking Corporation Limited is a foreign-funded bank. The Chinese literal translation is "The Hongkong and Shanghai Banking Corporation Limited", the English abbreviation is HSBC, and the Chinese abbreviation is "HSBC", which means "Fenghui".