The Hongkong and Shanghai Banking Corporation (China) Limited officially opened its business on April 2, 2007. It is a locally registered foreign corporate bank, wholly owned by Hongkong and Shanghai Banking Corporation Limited. The Hongkong and Shanghai Banking Corporation Limited was established in Hong Kong and Shanghai on 1865 and is one of the founding members of the HSBC Group. The predecessor of HSBC China is the China branch of The Hongkong and Shanghai Banking Corporation Limited. HSBC (China) provides excellent personal banking services and high-quality financial services for industrial and commercial enterprises.