The Hong Kong and Shanghai Banking Corporation Limited (literally translated as "Hong Kong and Shanghai Banking Corporation Limited" in Chinese, abbreviated as HSBC in English, meaning "abundant remittance" in Chinese).

The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings Limited, a founding member of 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 largest note-issuing banks in Hong Kong (the other two are Bank of China (Hong Kong) and Standard Chartered Bank). Headquartered in the Hongkong and Shanghai Banking Corporation Building, No.1 Queen's Road Central, Central, the Hongkong and Shanghai Banking Corporation and its subsidiaries have set up about 7 branches and offices mainly in the Asia-Pacific region. Company Name: The Hongkong and Shanghai Banking Corporation Limited Foreign Name: The Hong Kong and Shanghai Banking Corporation Limited Headquarters Location: No.1 Queen's Road Central, Hong Kong The establishment date: March 3, 1865 Business scope: financial industry. Company Type: Limited Company Slogan: Global Finance, Local Wisdom (22) Parent Company: Chairman of the Board of Directors of HSBC Holdings Limited: Chief Executive Officer Ji Qin: Wang Dongsheng official website:: h *** c/ Business, Hong Kong, Mainland China, Contemporary China, Bank Honor, Early Development, Group Operation, HSBC Holdings, Disputes, Penalties, Money Laundering Allegations, Business Hong Kong The Hongkong and Shanghai Banking Corporation started its business in Hong Kong. When it opened, it took Victoria Building, which was owned by Shaxun Foreign Company and located in Victoria Street (now called Bank Street) in Central, as its headquarters, and obtained the right to issue banknotes. The location of the headquarters is similar to that in 212, and it was purchased in 1886 and converted into the address of the second generation head office. In the 198s, CFBC closed down due to the loss of Ceylon coffee, and HSBC obtained a current account in Hong Kong from CFBC and became a quasi-central bank in Hong Kong. In 1872, it was authorized by Hong Kong and Britain to issue 1 yuan paper money to supplement the severe shortage of 1 yuan silver coins. After World War II, HSBC shouldered the heavy responsibility of rebuilding Hong Kong's economy. HSBC was the last rescuer in the two banking crises in 196s and 198s. On the other hand, HSBC built a head office in Kowloon to handle accounts and services in the New Territories of Kowloon, and the HSBC Building in Mong Kok, 673 Nathan Road, Mong Kok, Kowloon, served as the second headquarters. In addition, in 1999, HSBC entered the HSBC Center in the office building complex in Tai Kok Tsui, and three HSBC Centers belonged to the first phase of the MTR Olympic Station property development plan. The original site of the HSBC Center was the bus terminal in Tai Kok Tsui. In 1998, the office building was unnamed. The developer Xinhe Group sold the office building to the Hongkong and Shanghai Banking Corporation for HK$ 4 billion as the human resources department of the logistics headquarters and moved part of the business of the former Mong Kok branch, so it was named HSBC Center. HSBC is the market leader in Hong Kong. In the deposit market, the market share of HSBC in Hong Kong is 24%, while the market share of credit card balance is 29%, and the market share of mortgage and life insurance is about 17% and 2% respectively. Hongkong and Shanghai Banking Corporation Limited has been issuing Hong Kong dollar banknotes since its establishment, but it was mainly used for commercial transactions in the early days. It was not until 1935 that Hong Kong and Britain passed the currency regulations that HSBC was authorized to issue Hong Kong dollar banknotes above 5 yuan (5 yuan banknotes were issued in 1975 and then ceased to be issued). Since 1994, 1 yuan coins have been issued, and since then, HSBC has stopped issuing 1 yuan banknotes (the latest one was issued on January 1, 1992). At present, the circulation of Hong Kong dollar banknotes by HSBC accounts for more than 63% of the banknotes in circulation in Hong Kong. Acquisition of Hang Seng In 1965, there was a banking crisis in Hong Kong, and Hang Seng Bank suffered several runs and suffered huge losses. On April 8, the board of directors decided to sell the controlling interest of the bank to the Hongkong and Shanghai Banking Corporation, and finally HSBC acquired 51% of the shares of Hang Seng Bank. After obtaining the controlling stake, HSBC removed the most threatening rival of Hong Kong banking industry and established its monopoly advantage in Hong Kong banking retail industry. However, after the acquisition of Hang Seng Bank, HSBC only sent four representatives to join the board of directors and continued to maintain the original Chinese management. At present, HSBC holds a 62.14% stake in Hang Seng Bank. In 1914, the British merchant Hongkong and Shanghai Banking Corporation collected sample tickets. In 198, the Hongkong and Shanghai Banking Corporation introduced an ATM network called "Electronic Teller Card". At the beginning, ETC was set up only in the downtown area of Central District, and later it was set up in branches in all districts, and the network was extended to Macau. At present, in addition to the Hongkong and Shanghai Banking Corporation, Hang Seng Bank also uses ETC network, and other commercial banks in Hong Kong and Macao use Yintong network. In addition, the Hongkong and Shanghai Banking Corporation and Hang Seng Bank launched a self-service account audit system in 1991, which is called "Quick Check" and is called "Universal Uncle" in advertisements. Customers can check their account balance through bank cards. However, since 212, e-banking services have become popular, and accounts can be audited by internet and telephone. In addition, due to security and privacy issues (you can check the account balance without providing a password), the number of accounts will be stopped as soon as January 1, 27, and all of them will be dismantled in mid-April. Online Banking With the development of the Internet, HSBC also provides online banking services, including subscription funds, foreign currency time deposits (except for non-Hong Kong residents who can't invest in fixed deposits of RMB, and other foreign currencies can be used), buying and selling Hong Kong stocks, bonds, derivative goods, gold and subscription of stock funds with fixed deductions. Social impression HSBC closed a number of unprofitable branches in Hong Kong in 212, which caused inconvenience to residents in remote and poor areas of Hong Kong and caused public criticism, but HSBC still has a lofty position in Hong Kong. When Hong Kong people buy stocks, it is popular to buy HSBC as savings, believing that its management can continuously improve the value of the company. Its dividend has remained stable for a long time, and it has also established the image of "sharing interest with the people". In 26, Hongkong * * * implemented day five, but HSBC did the opposite, extending service hours, but hiring more employees (but the branches in the industrial zone were closed all day on Saturdays and Sundays), and the two became the objects of comparison. Lin Linchi, former vice president of Merrill Lynch in Hong Kong, once pointed out that if Hong Kong people started to buy shares of HSBC at HK$ 1, every year in 1977, their dividends would be enough to buy shares of HK$ 1, in the 1th year. After 3 years, the market value of HSBC has increased more than 8 times, with an annual dividend of more than HK$ 5,. At that time, some citizens joked that if you want to invest, you only need to learn four words-HSBC, which reflects the attitude of Hong Kong people towards the bank. However, the huge market value of HSBC has kept its share price unchanged for a long time, and the investment community calls it "Big Dumb Elephant". When the share price of "Big Dumb Elephant" takes off rapidly, the outside world often regards it as good news or a signal that the stock market trend can be hot. There is also a buzzword in the investment community called "Christmas bell, buy HSBC", which believes that buying HSBC on Christmas Eve will definitely make money, but this folk wisdom has been proved untenable in 212. In March 29, HSBC announced its full-year results for 28, which recorded a rare big profit retrogression since 212. Compared with 27, the profit in 28 dropped by nearly 7%, and announced a rights issue to raise funds. After the news was announced, the holding price of HSBC fell sharply, falling by 18% in a single day, and the share price returned to the price in the mid-199 s. Banking functions HSBC, Standard Chartered Bank and Bank of China Hong Kong are also authorized by the Hong Kong Monetary Authority to issue banknotes. Besides issuing banknotes, HSBC is also a major current account in Hong Kong. Hongkong bank foundation, a charity fund, is a registered charity fund in Hong Kong. It was established in 1981 with capital injection from the Hongkong and Shanghai Banking Corporation, which provided continuous funding. Supporting the Social Association of Enterprises-HSBC Social Enterprise Business Center is a business center in Hong Kong, which brings together all sectors to provide diversified services for social enterprises, including recruiting professionals (including HSBC employees) to provide professional advice and consulting services for social enterprises. The center is funded by hongkong bank foundation. Mainland Shanghai Branch: Shanghai is the birthplace of HSBC. The letter "S" in the English abbreviation of HSBC refers to Shanghai. In 1864, several large classes of British businessmen and foreign firms in Shanghai proposed to raise funds to set up a bank when chatting. In the same year, David McLean, the president of the British Chamber of Commerce, learned that the bank was going to set up a branch in Shanghai. Because he was optimistic about the banking prospects, he immediately returned to China to raise funds and returned to Shanghai with huge sums of money the next year to set up a Shanghai branch of HSBC.

The turnover of Shanghai Branch of HSBC not only ranks first among branches around the world, but even far exceeds that of Hong Kong Head Office from its inception. Similar to Sassoon, one of the founding shareholders of HSBC, HSBC shifted its business focus from Hong Kong, which was developing slowly at that time, to Shanghai after a period of establishment. Until War of Resistance against Japanese Aggression, Shanghai has always been the most important market for HSBC in the world. After the end of War of Resistance against Japanese Aggression, HSBC's position in Shanghai was not as good as that of American-funded banks. After the establishment of New China in 1949, HSBC, as the only foreign-funded bank that stayed in Shanghai, found that its operating income was even far less than the daily maintenance expenses of its properties, so it had to withdraw from the Shanghai market completely in 1955.

from the late Qing dynasty to the Republic of China, HSBC Shanghai was the main collection agency for China to repay foreign debts and indemnities, and the main bank for collecting and keeping domestic debt funds in China and customs duties in China on behalf of the General Taxation Department. In 1915, the total inventory of gold and silver in all Chinese and foreign financial industries in Shanghai was 8.99 million, of which Huashang Bank and Qianzhuang Bank accounted for 17.3%, the other nine foreign banks accounted for 44.3%, and HSBC alone accounted for 38.4%. In 1926, of HSBC's total issuance of HK$ 42.95 million, 24.2% was circulated in Hong Kong, only 4.6% in other countries and 71.2% in mainland China with Shanghai as the focus. In 1936, HSBC's bank deposits were US$ 255 million, of which US$ 153 million was absorbed in China, accounting for 59.9%, accounting for 43.4% of the total deposits absorbed by foreign banks in China, and Shanghai Branch accounted for a huge proportion. In addition, the foreign exchange traded by HSBC often accounts for 6%-7% of the Shanghai foreign exchange market.

from 1921 to 1923, HSBC built a 7-story, 14-acre, magnificent neoclassical Shanghai HSBC building (No.12 on the Bund, the headquarters of Shanghai Pudong Development Bank) in the Bund, the financial center of Shanghai, with a construction area of 2.3. The exquisitely carved appearance is beautiful, and the Greek dome goes straight into the sky. This new building not only makes HSBC's leading position in the banking industry in Shanghai more stable, but also immediately becomes a new landmark of Shanghai, a financial center in the Far East. It is still recognized as the most beautiful building in the Bund complex. Guangzhou Branch: In June 1865, HSBC opened a branch in Guangzhou. In 192, a four-story building (now Shengli Hotel, No.54 Shamian Street) was built in the British Concession in Shamian Guangzhou, and a dome was built at the corner. Now, together with the whole Shamian modern buildings, it is listed as a national key cultural relics protection unit. Hankou branch: opened in 1866, and built a two-story building in Jiangtan, the British Concession in Hankou. From 1913 to 192, it was rebuilt into a luxurious classical four-story building with a building area of 1,244 square meters, and the colonnade on the front adopted the Ionian column. Closed in 1949. It's Wuhan Branch of China Everbright Bank. It was once listed as a cultural relic protection unit in Hubei Province, and in 26, it was listed as a national key cultural relic protection unit as a part of modern buildings in Hankou. Shantou Branch: opened in 1866. Fuzhou Branch: opened in 1866. Located in Tating Road, Cangshan, it is a typical colonial building with a white face, two floors high, seven rooms inside and a basement. It was closed in 1949 and changed to the dormitory of Fuzhou Second Hospital. It was seriously damaged due to disrepair and was restored in 29. It is now the Cangshan District Cultural Center in Fuzhou. Ningbo Branch: opened in 1866. Xiamen Branch: opened in 1873. At the beginning of the British Concession, Haihua Road (now Lujiang Road) was established. In 1938, it moved to Gulangyu Guxin Road. Closed in 195. The address of Guxin Road is the dormitory of the shipyard. Yantai Branch: opened in 1876. Located on Zida Road (now Customs Street), a coupon gallery bungalow was built in 1921 and listed as a cultural relic protection unit in Yantai City. Jiujiang branch: opened in 1879. Beihai branch: opened in 188. Macau branch: opened in 1881. Tianjin Branch: opened in 1882. In 1925, a classical bank building was built at the corner of Victoria Road (now No.84 Jiefang North Road) and Consular Road (now Datong Road) in the British Concession in Tianjin, with a gorgeous voucher roof and an Ionian colonnade on the front. Designed by Tonghe engineer. Closed in 1954. Now it is Tianjin Branch of China People's Bank. It is listed as Beijing Branch of Tianjin Cultural Relics Protection Unit: opened in 1889. In 192, a Renaissance-style building was built in Dongjiaomin Lane. It was closed in 1955 and occupied by Beijing Public Security Bureau. It was demolished in the 198s to widen the road. Niuzhuang (Yingkou) Branch: opened in 1892. Zhenjiang: Agency was 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: It was opened in 1915 and located in Daoli Shuidao Street (now No.37 Zhaolin Street). In 1923, a classical four-story building was built. Closed in 1941. Used by China Bank, it is listed as a first-class protected building in Harbin. Fengtian (Shenyang) Branch: It was opened in 1917. In 1931-1932, a five-story building with classical style was built at the intersection of Sanjing Street on Shiwei Road. Used by Shenyang Branch of Bank of Communications and 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 in Zhongshan District. Used by China Industrial and Commercial Bank. Chongqing Branch: opened in 1943. Mainland Contemporary Hongkong and Shanghai Banking Corporation (China) Limited officially opened its business on April 2, 27. Headquartered in Shanghai, it is a wholly foreign-owned bank owned by Hongkong and Shanghai Banking Corporation Limited, whose predecessor was the former branch of Hongkong and Shanghai Banking Corporation Limited in mainland China. By 214, HSBC China has 135 outlets, of which 29 branches are located in Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin and Xiamen.