

12 Bund, Shanghai, purchased by HSBC in 1874 and its Shanghai head office until reconstruction in the early 1920s The bank's first purpose-built head office building in Hong Kong (center right), designed by Clement Palmer and completed in 1886 on the former Wardley House location The same building (center right) following the Praya Reclamation Scheme and creation of Statue Square Rear façade of the 1886 building on Queen's Road, photographed in 1890 HSBC Hong Kong banking hall in 1908Īfter the British established Hong Kong as a crown colony in the aftermath of the First Opium War, merchants from other parts of the British Empire, now in Hong Kong, felt the need for a bank to finance the growing trade, through Hong Kong and sometimes also through Shanghai, between China and India, the rest of the British Empire and Europe, of goods, produces and merchandises of all kinds, but especially opium, cultivated in or transited (re-exported) through the Raj. History Foundation Wardley House on the Hong Kong Praya (waterfront), where the bank had leased its first Hong Kong office in 1865 Former Shanghai Club building on No. HSBC has been implicated in a number of controversies and the bank has been repeatedly fined for money laundering (sometimes in relation to major criminal organizations such as the Sinaloa cartel) or setting up large scale tax avoidance schemes. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange. HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index.

20 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value. HSBC has offices, branches and subsidiaries in 62 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 39 million customers. The next year (1992), HSBC took over Midland Bank and thus became one of the largest domestic banks in the United Kingdom. In 1991, the present parent legal entity, HSBC Holdings plc, was established in London and the historic Hong-Kong-based bank from whose initials the group took its name became that entity's fully-owned subsidiary. The bank opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC traces its origin to a hong trading house in British Hong Kong. In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA). It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$2.953 trillion as of December 2021. We are sincerely expecting your attention.HSBC Holdings plc ( Chinese: 滙豐 formerly known as The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with unique historical and business links to East Asia and a highly multinational footprint. It is our great honor to meet your demands.

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