The Hongkong and Shanghai Banking Corporation Limited (China) was formally registered on April 2, 2007, and its headquarters is in Shanghai. It is a wholly foreign-owned bank of The Hongkong and Shanghai Banking Corporation Limited, whose predecessor was the former branch of The Hongkong and Shanghai Banking Corporation Limited in China. On February 2, 2004, Kloc-0, 2065438 announced that it had started to assist Saint-Gobain in centralized collection and payment of cross-border RMB current account through a subsidiary in Shanghai Pilot Free Trade Zone, including collection and payment and net settlement, thus becoming the first bank in Shanghai Free Trade Zone to carry out such business for enterprises.

The administrative penalty information published on the website of Shanghai branch of the bank on August 6 shows that,

HSBC was found to be illegal because of its credit inquiry, and the then vice president and others were punished with a total fine of 530,000 yuan.

The disclosure form of administrative penalty information shows that HSBC has made illegal credit inquiry without the authorization of customers, and was fined 450,000 yuan by Shanghai Branch of China People's Bank.

Li Feng, then vice president and director of the retail banking and wealth management business department of HSBC, Li Hualun, general manager of the Guangdong retail banking and wealth management business department of HSBC, and Zheng Guowei, general manager of the collection department under the retail banking and wealth management business department of HSBC, were fined 50,000 yuan, 20,000 yuan and 654.38+000 yuan respectively for conducting credit inquiry without the authorization of customers.

Previously, the information in the semi-annual report published by HSBC showed that compared with the same period of last year, HSBC's accounting benchmark pre-tax profit decreased by 69% to $36,543.8+billion, and HSBC's accounting benchmark pre-tax profit decreased by 65% to $4.3 billion, reflecting the expected increase in credit losses and other credit impairment provisions and the decrease in income. Accounting benchmark income decreased by 9% to $26.7 billion; In the first half of 2020, the net rate of return was 65,438+0.43%, down 65,438+08 basis points year-on-year.

In the first quarter, the pre-tax interest rate of HSBC decreased by 48% year-on-year to $3.2 billion, mainly due to the expected increase in credit losses and other credit impairment expenses and the decline in income. The bank's revenue decreased by 5% year-on-year to $6,543.8+$03.686 billion.

At present, HSBC has laid off more than 4,000 employees and closed more than 80 US branches, with a scale reduction of about 60%. At the same time, China, which has most of Asia's net profit, has also closed many outlets.

The central bank's fine once again exposed the internal control problems of HSBC. Considering the current situation, the uncertainty of HSBC's business in China will be strengthened again in the future.