In 2008, it ranked 20th among the world's top 500 companies, with revenue of $65.438+0465 billion and net profit of $65.438+0965438+33 million. 1865 In July, the Hongkong and Shanghai Banking Corporation Limited opened its London branch and opened an agency in San Francisco until it became a full-service branch in June. 1866, HSBC opened a branch in Yokohama, Japan, and became a consultant to the Japanese government. 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 enterprises (mainly British-funded enterprises) in China. Although it established a network of branches and correspondent banks all over the world in its early days, its main business is still in China and other Asia-Pacific regions.
The original name of Hongkong and Shanghai Banking Corporation Limited, the English name was changed to Hongkong and Shanghai Banking Corporation Limited on 1866, and the Chinese name was changed to Hongkong and Shanghai Banking Corporation Limited on 188 1. The word "HSBC" is said to have been put forward by Gu Yingchun, a comprador in China, after calculating the good and bad luck of the strokes, taking its meaning of "abundant exchange". By 1900, HSBC has also set up branches in other parts of the Far East, such as India and Singapore. After 19 1 1 year, HSBC obtained the right to collect customs duties and salt taxes in China. 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 Shanghai's foreign exchange market.
During the First World War, the business of HSBC was temporarily suspended, and with the end of the war, the company's business was further expanded.
During World War II, the business of HSBC was once again affected, and its headquarters was temporarily moved to London. After the war, the business in Hong Kong resumed operation, and the operation right of the Hong Kong head office was recovered. During the period of 1949, with China's * * * production party in power, the branches of HSBC in Chinese mainland were closed one after another, and only the Shanghai branch continued to operate, making HSBC one of the few foreign banks that did not interrupt its business in Chinese mainland. In view of the limited development space, HSBC began to operate as a group in the 1950s. 2014165438+1October 12 The financial regulators in Britain, the United States and Switzerland made a ruling on the case of exchange rate manipulation, against Citibank, HSBC and Switzerland.
The UK Financial Conduct Authority imposed a fine of $654.38+77 million on five banks, while the US Commodity Futures Trading Commission imposed a fine of $654.38+48 million on these five banks, while the Swiss Financial Market Authority only imposed a fine of $654.38+34 million on Swiss banks.
2014165438+10/7 Belgian prosecutors claimed that a Swiss subsidiary of HSBC was charged with fraud and money laundering, involving hundreds of millions of euros. Agence France-Presse said that the Belgian prosecutor pointed out in a statement that as a wholly-owned subsidiary of HSBC, HSBC Private Bank (Switzerland) was accused of helping hundreds of customers, including some diamond traders headquartered in the port city of Antwerp, to deceive the Belgian government.