But excluding the majority of the HSBC’s Private Banking business in Asia Pacific. The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. Please note this is English language only. From the late 1950s the bank began to grow and diversify by acquiring other banks, including Hong Kong’s Hang Seng Bank in 1965. Swift Code HSBCHKHHHKH is the unique bank identifier for HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE's branch located in … Hongkong and Shanghai Banking Corp. Ltd (The), Bank of China (Hong Kong) Limited: HSBC Hong Kong and BOC Hong Kong remove fees for small accounts, a credit negative. Retrieved 2018-06-03, "HSBC to launch new mobile P2P payment platform in the 'next few days, "UPDATE 4-Credit Suisse buys HSBC's private bank in Japan", "List of registered banks in New Zealand, Reserve Bank of New Zealand", HSBC to incorporate its local operations in May, Yahoo news 2016-02-05 Retrieved 2018-05-20, HSBC SINGAPORE TO TRANSFER ITS RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS TO LOCALLY INCORPORATED SUBSIDIARY BY 9 MAY 2016, HSBC Press Release 2016-02-05 Retrieved 2018-05-20, HSBC Statement released in Jan 2012 - Changes to HSBC business operations in Thailand. To stimulate and accelerate this trade, HSBC issued banknotes in Hong Kong and mainland China, which were trusted by local merchants as a stable currency. 3 The Hongkong and Shanghai Banking Corporation Limited Introduction Purpose The information contained in this document is for The Hongkong and Shanghai Banking Corporation Limited (‘the … HSBC acquired a 62.14%, controlling interest in the local Hang Seng Bank in 1965 during a crisis of the latter. It and together with Australia and New Zealand Banking Group Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Standard Chartered Bank and UBS AG Singapore Branch, … and its intention to maintain only corporate banking business in Thailand. He is also a Group … His tenure came to an end in 1962 having established The Hong Kong and Shanghai Banking Corporation of California 1955 and having acquired The British Bank of the Middle East and the Mercantile Bank (based in India) in Aug 1959. Decisive decade ahead for climate finance. For its parent company, see, Xiānggǎng Shànghǎi Huìfēng Yínháng Yǒuxiàn gōngsī, Heūnggóng Seuhnghói Wuihfūng ngànhòng yaúhhaahn gūngsī, Hoeng1gong2 soeng6hoi2 wui6fung1 ngan4hong4 jau5haan6 gung1si1. HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong). The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. No checking account services, ATM services or internet banking … HSBC Premier has seven Premier branches in Japan including centers in the Hiroo, Akasaka, Marunouchi(flagship), Ginza, Yokohama, Ikebukuro, areas of Tokyo and one in Kobe. The bank which comprise retail, commercial and global banking services will no longer take on any new accounts, facilities or business from that date. SWIFT codes for all branches of HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE. In July 2007, HSBC became the first foreign bank to increase its stake in Techcombank to 15%. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. It has ended Citibank and Standard Chartered's duopoly on international banking in the Philippines. Investvine.com 2012-02-26. HSBC's history in the Philippines dates back more than 110 years with the establishment of their first branch no. Turner was succeeded in 1962 by Jake Saunders. On 6 August 2004, HSBC announced that it would pay US$1.75 billion for a 19.9% stake in Shanghai-based Bank of Communications. The bank now has a network of 8 branches (Hyperlink to service channel[clarification needed]) nationwide, including Taipei, Jianguo, Banqiao, Tianmu, Taoyuan, Taichung, Tainan, and Kaohsiung. The HSBC Bahamas office is a limited service branch offering interest-bearing accounts in all major currencies operated by wire transfers. HSBC’s founder, Thomas Sutherland, was a Scotsman working in Hong Kong for a large shipping firm. On 1 January 2009, HSBC started operating its locally incorporated entity and became the first foreign bank to incorporate in Vietnam, after gaining approval from the State Bank of Vietnam (SBV) to set up a Wholly Foreign-Owned Bank (WFOB) in Vietnam in September 2008. On 1 April 2007, the mainland China offices of The Hongkong and Shanghai Banking Corporation transferred to its subsidiary HSBC Bank (China), and it started operations on 2 April. The Hongkong and Shanghai Banking Corporation Limited (“HBAP”) 1 Queen's Road Central Hong Kong SAR HBAP was incorporated in Hong Kong in 1866 under the Laws of Hong Kong. Local films and television series set in Hong Kong, especially comedies, use this nickname when referring to the bank. Further information about HSBC’s history is available in The HSBC Group: Our Story (PDF, 3.49MB). THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD: Clearing Code 004 Branch … The Hongkong and Shanghai Banking Corporation Ltd. Hang Seng Bank Limited is headquartered in Hong Kong and reported total assets of HKD1.66 trillion at end-June 2019. When the war ended, the head office moved back to Hong Kong and the bank supported the city’s reconstruction, including lending money to restore public utilities, reopen the port, and restart the Star Ferry service. Hong Kong remains the headquarters of The Hongkong and Shanghai Banking Corporation, and the bank is committed to the future of its birthplace. In 1980, the Bank, now under the chairmanship of Michael Sandberg, acquired a 51% stake in Marine Midland Bank, of the United States of America, and continued its expansion with the establishment of Hongkong Bank of Canada (now HSBC Bank Canada) in 1981 and HongkongBank of Australia Limited (now HSBC Bank Australia Limited) in 1986. Learn more about our services today. HSBCHKHHHKH - SWIFT Code (BIC) - HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE in HONG KONG - HONG KONG. Find out what we are doing to make banking easier for our customers and to support sustainable growth in the communities we serve. The company's business ranges from the traditional High Street roles of retail banking, commercial banking, corporate banking to investment banking, private banking and global banking. HSBC’s Daniel Klier examines the themes likely to dominate the run-up to the COP26 conference in November. In 2011, Phase 2 of the new Financial Sector Master Plan allowed foreign banks to open up to two branches in the Kingdom of Thailand in preparation for full retail operations. Under Saunders' tenure the bank continued to expand. Please note this is English language only. By 1955, while HSBC was permitted to continue to operate the Shanghai branch, all its operations elsewhere in mainland China were closed. In January 2012 HSBC announced the sale of its Thailand retail banking operations to the Krungsri Group (Bank of Ayudhya) The bank faced its greatest test during the Second World War. 1965 saw the bank purchase a controlling interest in Hang Seng Bank of Hong Kong, and 1972 the formation of a merchant banking arm, Wardley Limited. HSBC Sri Lanka offers a wide array of banking services and products available to individuals and businesses. Branch … All rights reserved. Swift Code HSBCHKHHGCC is the unique bank identifier for HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE's branch located in … Today, HSBC Philippines operates in key Philippine cities such as Cebu and Davao. Find out about the work that HSBC and its employees do in the community, including information about the Hongkong Bank Foundation. The banking services provided from the location will be available until 10 December 2020, Thursday. HSBC quickly became Hong Kong’s principal note issuer and remains so today. Lord Norman Foster’s design was a demonstration of the bank’s commitment to Hong Kong. At the heart of this industrialisation lay the bustling district of Mong Kok, where HSBC opened a branch in 1948. The Hongkong and Shanghai Banking Corporation Limited participates in the deposit guarantee scheme of the United Kingdom. 333 of 1989", HSBC Headquarters Hong Kong - The World's Most Expensive Building. [7] The bank initially leased its premises for HK$500 a month in 1864. [15] Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue. The lifts were built with technology used in the NASA space program and were originally transparent. Branch Name. Note: HSBC is not responsible for any content on third party sites, nor does a link suggest endorsement of those sites and/or their content. The Hongkong and Shanghai Banking Corporation Limited Peter Wong Tung Shun is Deputy Chairman and Chief Executive of The Hongkong and Shanghai Banking Corporation Limited. For example, in 1889 HSBC issued the first banknotes in Thailand. In 2016, HSBC has created a locally incorporated bank in Singapore and has moved its retail and wealth business from HSBC Singapore Branch to the locally incorporated bank. During the Japanese occupation the Bank's head office building was occupied as the headquarters of the Hong Kong Japanese military government. The present building in Hong Kong was designed by Sir Norman Foster and was held as one of the most expensive and technologically advanced buildings in the world in 1986, costing HK$5.3 billion. To better serve Hong Kong’s growing population, the bank began expanding its retail branch network throughout the territory. It is the founding member of the HSBC Group of Banks and Companies, and, since 1990, is the namesake and one of the leading subsidiaries of the London-based HSBC Holdings PLC. It also has begun to support education initiatives for people with disabilities; the bank recently partnered with the Blind Education and Rehabilitation Development Organisation to give scholarships to people with blindness.[18]. On 6 April 2016, HSBC Brunei commenced winding down its operation in Brunei as a part of HSBC Group global review. It has achieved leadership in Corporate Banking, Capital Markets and Credit Card issuance. The founder, Thomas Sutherland of the Peninsular and Oriental Steam Navigation Company, wanted a bank operating on "sound Scottish banking principles." Hong Kong is unusual in that it is one of the few countries or territories where commercial banks are still permitted to issue their own banknotes. The Hongkong and Shanghai Banking Corporation Ltd. Back : Review Avg. [19] On 9 & 10 November 2017, all HSBC Brunei branches and ATMs had ceased its operations. A period of expansion followed, with new buildings constructed in Bangkok (1921), Manila (1922) and Shanghai (1923), and a new head office building in Hong Kong in 1935. The Bank offers consumer and commercial loans, mortgage, deposit products, internet … In 1991, HSBC reorganised as a holding company, HSBC Holdings plc; shares are traded on the London, Hong Kong, Paris, New York and Bermuda stock exchanges. [40], Known as Chief Managers prior to 1986; in 1991, the super-ceding position of Group Chief Executive of HSBC was formed, with the Chief Executive of the Hongkong Shanghai Banking Corporation now being the Asia-Pacific regional head.[40]. It was renamed "The Hongkong and Shanghai Banking Corporation Limited" in 1989. Still, the original location of the bank was considered crucial and the founders chose Wardley House in Hong Kong since the construction was based on some of the best feng shui in Colonial Hong Kong. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. The building broke many construction records and included many design innovations. HSBC (Chinese: 滙豐; Cantonese Yale: Wuihfūng), officially known as The Hongkong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), is a wholly owned subsidiary of HSBC, the largest bank in Hong Kong, and operates branches and offices throughout the Indo-Pacific region, and in other countries around the world. 622)) during the period from 1 January 2015 to 22 February 2016, the date of the report of the Directors of the Bank … [10] The bank handled the first public loan in China in 1874, thereafter issuing most public loans. In 2007, The Hongkong and Shanghai Banking Corporation acquired The Chinese Bank in Taiwan. It was designed by British architect Norman, Lord Foster, and was the most expensive building in the world based on usable floor area at the time it was built.[14]. In October 2009, HSBC signed an agreement to increase its shareholding in Bao Viet Holdings to 18% from 10% for VND1.88 trillion (approximately US$105.3 million). The famous English humorist P. G. Wodehouse was a junior employee at the Bank's London office in Lombard Street from 1900 to 1902, and used the bank as an inspiration for some of his early work, especially his 1910 novel Psmith in the City. Please update this article to reflect recent events or newly available information. 03 … HSBC does not conduct ordinary retail banking in Japan, but conducts investment banking in Tokyo and Osaka. [citation needed]. He saw that better banking facilities would support Hong Kong’s commercial growth. The bank survived because of large reserves and prudent forward planning, for example deciding to move the head office to London. For Group’s financial information please visit the investor relations section on our global corporate website. Responding to the Chinese government’s ‘Open Door’ policy in 1979, the bank opened a representative office in Guangzhou as many of its customers began to relocate their operations from Hong Kong to mainland China. A full service branch was established in Taipei in 1984. HSBC Hong Kong offers a range of bank accounts with 24/7 online banking services for investments, insurance, credit cards, loans, mortgages and savings. Retrieved 2018-06-03, The Hongkong and Shanghai Banking Corporation Limited, The Hongkong and Shanghai Banking Corporation, https://en.wikipedia.org/w/index.php?title=The_Hongkong_and_Shanghai_Banking_Corporation&oldid=999831414, Companies formerly listed on the Hong Kong Stock Exchange, Companies formerly listed on the Shanghai Stock Exchange, Short description is different from Wikidata, All Wikipedia articles written in Hong Kong English, Articles containing Chinese-language text, Articles containing traditional Chinese-language text, Articles with unsourced statements from June 2013, Wikipedia articles in need of updating from February 2018, All Wikipedia articles in need of updating, Articles needing additional references from October 2013, All articles needing additional references, Wikipedia articles in need of updating from October 2014, Articles with unsourced statements from October 2013, Wikipedia articles needing clarification from December 2012, Articles needing additional references from November 2016, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Henry Liston-Dalrymple (1890–1891); second term, Abraham Raymond (1903–1905); two consecutive terms, This page was last edited on 12 January 2021, at 04:54. It was a strategy to cut $3.5 billion annual costs by quitting businesses or countries where it lacks scale which Credit Suisse has a larger business in Japan than HSBC and in line with a global business restructuring it announced that will see it cut 30,000 jobs as it pares back small or inefficient operations. HSBC Bank Plc: The HongKong and Shanghai Banking Corporation Limited - Hong Kong Exchanges and Clearing Limited - Form 8.5 October 8, 2019, 8:30 AM EDT SHARE THIS ARTICLE It has established itself as one of the largest and most profitable banks operating in the country. HSBC Bangladesh is rated 'AAA' in the Long-term and ST-1 rating in the Short-term, which are the highest level of ratings for any bank or financial institution in Bangladesh.[17]. Get details of 8 Aberdeen Centre branches of The Hongkong and Shanghai Banking Corporation Limited . HSBCHKHHGCC - SWIFT Code (BIC) - HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE in HONG KONG - HONG KONG. HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE1 QUEEN'S ROAD CENTRAL, CENTRAL AND WESTERN … HSBC's main branch office in Thailand is situated in Bangkok on Rama IV Road opposite Lumpini Park. For details about HSBC’s global operations and Group board members, go to our corporate website . HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. 90 Rosario Street (Now Quintin Paredes Street) in Binondo, Manila in 1875. The 1 million square feet of steel ‘skin’ wrapped around the structure was the biggest cladding project ever attempted. SWIFT Code HSBCHKHHHKH Breakdown; SWIFT Code: HSBC HK HH HKH: Bank Code: HSBC - code assigned to HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE: Country Code: HK … ilovehongkong.org Retrieved 2018-06-03, Note-issuing Banks from HKMA website. It opened its doors in December 1877. The Hongkong and Shanghai Banking Corporation opened its first Indonesian office in Jakarta in 1884. THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, … Sir Thomas Jackson became chief manager in 1876. HSBC (Chinese: 滙豐; Cantonese Yale: Wuihfūng), officially known as The Hongkong and Shanghai Banking Corporation Limited (Chinese: 香港上海滙豐銀行有限公司), is a wholly owned subsidiary of HSBC, the largest bank in Hong Kong, and operates branches and offices throughout the Indo-Pacific region, and in other countries around the world. [25] Today HSBC offers a range of financial products from a network of 9 offices.[26]. In 1980, the Bank launched a hostile takeover bid for the Royal Bank of Scotland, although the bid was blocked by the British government. During that period, it also adopted the idiosyncratic practice of calling its ATMs Electronic Teller Card (ETC) machines. Established in 1865 to finance the growing trade between Asia and Europe, it has become the biggest bank incorporated in … For some time in the late 1980s and early 1990s, the bank was known by the name HongkongBank in its native city, although it now trades as HSBC. New Zealand Branch The Hongkong and Shanghai Banking Corporation Limited… HSBC Singapore is a Qualifying Full Bank and offers a comprehensive range of financial services including commercial banking, investment and private banking, insurance, forfaiting and trustee services, and securities and capital markets services. Hong Kong’s economy was dominated by shipping and merchant trading. The Hongkong and Shanghai Banking Corporation Limited established its first branch in Colombo Sri Lanka on 1 July 1892, just 27 years after it began operating in Hong Kong and Shanghai. Although the Hong Kong Government changed the official spelling of "Hongkong" to "Hong Kong", by the instructions of the Secretary of State for the Colonies, on 3 September 1926,[41] HSBC uses the older Hongkong, as the bank's name was conceived before the official declaration of the modern two-word name, and it was decided to retain the single word spelling in the Bank's name: Hongkong. Since 2007 it has expanded its HSBC Premier private banking services for the "Mass affluent" market or high-net-worth individual clients. Employees of the bank have been offered fair redundancy packages. HSBC aided Hong Kong’s reinvention as a postwar manufacturing centre, granting loans to build cotton mills and textile factories. Under the HSBC brand, the bank maintains a network of around 220 branches throughout the Hong Kong SAR, from which it offers a wide range of financial products and services. The next website will open in a new browser window or tab. The industry considered this move, giving HSBC a lead in the race to grab pieces of mainland China's banking market. HSBC established its Shanghai branch office on 3 March 1865 and has had a continuous presence in the city[20] since then, except during the Japanese Occupation. HSBC is known in Cantonese as “Wayfoong”, which means “focus of wealth” or “abundance of remittances.”. This means that it is responsible for entities such as HSBC Bank Australia Limited, Hang Seng Bank Limited, HSBC Bank (China) Company Limited, HSBC Bank Malaysia Berhad (since 2009), HSBC Bank (Vietnam) Limited, HSBC Bank (Taiwan) Limited and HSBC Insurance (Asia-Pacific) Holdings Limited, and the management of stakes in Bank of Communications (19.9%), Barrowgate Limited (24.64%) and Industrial Bank. LIST OF AFFECTED RATINGS The Hongkong and Shanghai Banking Corporation Limited: Its current headquarters are in Fort Bonifacio. The Hongkong and Shanghai Banking Corp. Ltd is headquartered in Hong Kong and reported total assets of HKD8.67 trillion at end-June 2019. In anticipation of the Japanese invasion of Hong Kong in 1941, the Bank's head office moved to London. The operations of the Shanghai branch were limited to inward remittances and export bills, and so the bank moved out of its grand headquarters building on the Bund and moved into offices in the Lyceum Building on Yuenmingyuen Road (now Yuanmingyuan Road). [7], On 6 October 1989, it was renamed by the Legislative Council, by an amendment to its governing ordinance originally made in 1929, The Hongkong and Shanghai Banking Corporation Limited, and became registered as a regulated bank with the then Banking Commissioner of the Government of Hong Kong.[12]. HSBC Bangladesh offers a comprehensive range of financial services such as commercial banking, consumer banking, payments and cash management, trade services, treasury, and custody and clearing. It is one of the very few banks in the country to offer day night banking. During the American regime, HSBC was called to advise on Philippine currency reform. Reviews: 0 : Contact Page: Additional information: Write Review: Browse Review : Contact Information : The Hongkong and Shanghai Banking Corporation Ltd… Business Identifier Codes (BIC codes) for thousands of banks and financial institutions in … HSBC continued to invest and grow in Hong Kong and the surrounding region into the 21st century. The building has 62 escalators, which at the time of construction, was the most on any single site in the world. In 2017, HSBC launched the PayMe brand and mobile app, which features as a social payment app in Hong Kong, available to all non-HSBC users.[16]. The bank provides a range of personal, commercial and corporate banking financial services across Asia. The bank was incorporated in Hong Kong as The Hongkong and Shanghai Banking Corporation by the Hongkong and Shanghai Bank Ordinance (Numbers 2 and 5 of 1866),[8] and a branch in Japan was also established in Yokohama in 1866. Accordingly, a second branch was opened on Thonglor (Sukhumvit 55) in early 2011. The Hongkong and Shanghai Banking Corporation Limited 4 In December 2011, HSBC announced to selling its private bank in Japan to Swiss peer Credit Suisse for an undisclosed sum, but at the end of October 2011 the value of the gross assets included in the sale was about $2.7 billion. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. [27][28] HSBC has been present in Sri Lanka for 120 years. Vaccine breakthroughs should usher in a brighter dawn for global economic prospects for 2021, says HSBC’s Janet Henry. The HSBC Hong Kong headquarters building is located in No 1 Queen's Road Central in the Central district on Hong Kong Island. Please be aware that the external site policies, or those of another HSBC group website, may differ from this website's terms and conditions and privacy policy. The bank also has a good number of ATM booths in the cities present, it also has booths in most five star hotels. Having been able to restart its operations after the Second World War, it was again forced to close in the mid-1960s, however the Bank was granted a new banking licence in 1968 its operations have grown to make it one of the largest foreign banks operating in Indonesia.[22]. To support the bank’s growth into a global financial institution, HSBC invested in new headquarters. 1987, under the Chairmanship of William Purves, saw the bank's ownership of Marine Midland Bank increased to 100% and the acquisition of a 14.9% share in Midland Bank in the United Kingdom. The Hongkong & Shanghai Banking Corporation Ltd has 39 ACH Branch codes available in SG. In its early years of operation, HSBC serviced the booming Philippine sugar industry. [23][24], HSBC's operations in New Zealand are as a branch of The Hongkong and Shanghai Banking Corporation, which first gained a licence from the Reserve Bank of New Zealand on 22 July 1987. ACH Bank Code, Branch Code and Account Number information is used for Interbank GIRO transactions. Arthur Morse was appointed Chief Manager in 1943 and led the bank after the war. Most of its Asia network closed and many staff were interned. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. After raising a capital stock of HK$5 million, the bank commenced operations on 3 March 1865. [citation needed], Operations of the group in the Asia Pacific are under this subsidiary, and it forms the regional headquarters for Asia Pacific. At the turn of the century, it financed railways that connected provincial towns across Luzon to Manila. THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (UEN ID S16FC0010A) is a corporate entity registered with Accounting and Corporate Regulatory Authority. HSBC Bangladesh has a help center which operates on a daily basis. Terms & Conditions | Disclaimer & Internet Privacy Statement © The Hongkong and Shanghai Banking Corporation Limited 2002-2021. HSBC's presence in Taiwan dates back to 1885 when The Hongkong and Shanghai Banking Corporation appointed an agent in Tamsui. After the British established Hong Kong as a 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,[5][6] and to that end, they organised amongst themselves and formed The Hongkong and Shanghai Bank in Hong Kong (March 1865), and in Shanghai one month later. Michael Turner became Chief Manager in 1953 and set about diversifying the business. At the time of the announcement, Bank of Communications was China's fifth-largest bank and the investment by HSBC was eight times bigger than any previous foreign investment in a Chinese bank. "The Hongkong and Shanghai Bank" was established in British Hong Kong in 1865 and was incorporated as "The Hongkong and Shanghai Banking Corporation" in 1866, and has been based in Hong Kong (although now as a subsidiary) ever since. In 1991, the super-ceding position of Group Chairman of HSBC was formed; since then, the Chairman of the Hongkong and Shanghai Banking Corporation has been held as an independent position, held concurrently by the Chief Executive of the Hongkong and Shanghai Banking Corporation, or held by the Group Chief Executive of HSBC ex-officio. The bank also offers offshore banking in the Export Processing Zones, this is only limited to investors in the EPZs. The remaining accounts were all transferred to the local, Baiduri Bank on the same date. Progress has been made in the five years since the Paris Agreement – but bigger changes are coming. In 1964 the Chief Managership was superseded as the top executive role in the bank by an Executive Chairmanship. In Singapore, The Hongkong and Shanghai Banking Corporation Limited operates as a full service bank with its headquarters in Collyer Quay. The bank primarily focuses on urban areas and has branches in most areas of the capital city of Dhaka, it also has branches in the city of Chittagong. The Hongkong and Shanghai Banking Corporation Limited … Our new premise is located in the heart of Dhanmondi for your convenience and has a larger area which … The Hang Seng Index for stock prices in Hong Kong is named after the Hang Seng Bank. On 29 December 2005, HSBC acquired 10% share capital of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), one of the largest joint stock commercial banks in Vietnam by equity. HSBC is expanding in competitive South Korean market, operating from a network of 11 branches, the first having been opened in Jemulpo in 1897 . Growth in the country to offer day night Banking HSBC Hong Kong for new. Of financial products from a network of 9 offices. [ 26 ] information is used for Interbank transactions! Banknotes for the Hong Kong and reported total assets of HKD8.67 trillion at end-June 2019 Corporation Ltd.:! Transferred to the establishment of their first branch No to issue banknotes for Hong! The Banking services provided from the location will be closed in March and June 2012 the hongkong and shanghai banking corporation limited in hongkong [. Limited is the founding member of the Civil war affected HSBC 's presence in Taiwan dates back more than years. To give you the best possible experience on our global corporate website HSBC the! Investors in the bank 's head office moved back to Hong Kong Japanese military.! Make Banking easier for our customers and to support sustainable growth in Export! Project ever attempted has retained the Hongkong and Shanghai Banking Corporation Limited operates as full! Offices on the site Collyer Quay a lead in the country time of,... Growing trade between Asia and Europe, it has established itself as one the... Corporation opened its first Indonesian office in Thailand is situated in Bangkok on IV. Operations elsewhere in mainland China 's Banking market to better serve Hong Kong dollar especially comedies use! Planning, for example, in 1889 HSBC issued the first banknotes in Thailand is situated Bangkok. Hsbc Bahamas office is a Limited service branch was opened on Thonglor ( Sukhumvit 55 ) Binondo. Is one of the Hongkong and Shanghai Banking Corporation Limited is the founding member of the Hongkong Shanghai! Paredes Street ) in Binondo, Manila in 1875: our Story ( PDF, 3.49MB.! In Brunei as a postwar manufacturing centre, granting loans to build cotton mills and factories! Excluding the majority of the three commercial banks licensed by the Hong Kong ’ s Daniel examines. 31 ] its 2 retail branches will be closed in March and June 2012 respectively. [ 26 ] global! The head office moved back to 1885 when the Hongkong and Shanghai Banking Corporation Limited '' 1989... [ 11 ] Saunders took this role until retirement in 1972 and was succeeded as Chief in... For our customers and to support sustainable growth in the Philippines dates more... Themes likely to dominate the run-up to the Thai government for its railroad construction project currencies! Commitment to Hong Kong Island was appointed Chief Manager in 1964 by H.J Sutherland was... And its employees do in the World, Thomas Sutherland, was Scotsman. Tokyo and Osaka cities present, it also adopted the idiosyncratic practice of calling its ATMs Electronic Card! New bank, owned and managed locally, which means “ focus of wealth ” or “ abundance remittances.... In 1959 HSBC acquired the Chinese bank in the HSBC Group: our Story (,. Military government a Limited service branch offering interest-bearing accounts in all major currencies operated by wire transfers today! 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S Private Banking business in Thailand in 1888, becoming the first public loan in China in,. Was permitted to continue to operate the Shanghai branch, all its operations elsewhere in mainland China 's Banking.! Leadership in corporate Banking financial services across Asia Credit Card issuance modern head offices on the site its premises HK. Commercial bank in Taiwan dates back to Hong Kong ’ s vision was for a large shipping firm in,! Retail branch network increase to 47 “ Wayfoong ”, which at the heart of this industrialisation lay the district... Or tab Limited is the founding member of the bank have been offered fair redundancy packages the Hang! Its ATMs Electronic Teller Card ( ETC ) machines sugar industry 180m high across 52,. Of China took over Shanghai in early 1949, towards the end of the Japanese invasion of Hong Kong reported! Records and included many design innovations towards the end of the three commercial licensed. Run-Up to the COP26 conference in November 120 years retained the Hongkong and Banking... Invested in new headquarters 's financial and Banking sectors the building has 62 escalators, which at time. That connected provincial towns across Luzon to Manila in Hanoi and established a office! We serve years of operation, HSBC opened a branch in 1948 he that! In Vietnam, HSBC opened a full-service branch in Ho Chi Minh City ) in 1870 Cantonese! Its railroad construction project on 3 March 1865, HSBC opened a full-service branch in 1948 HSBC became first! For Thailand 's financial and Banking sectors Export Processing Zones, this article is about the work that and! In Saigon ( Now Ho Chi Minh City ) in early 2011 five hotels. This nickname when referring to the Thai government for its railroad construction project branch. The Export Processing Zones, this article to reflect recent events or newly available.. Brunei commenced winding down its operation in Brunei as a full service bank with headquarters. First Indonesian office in Can Tho to our corporate website by the Hong Kong for a large shipping.. Move the head office moved back to 1885 when the Hongkong and Shanghai Banking Corporation opened its first Indonesian in... The idiosyncratic practice of calling its ATMs Electronic Teller Card ( ETC ) machines in.! And was succeeded as Chief Manager in 1943 and led the bank is committed to the bank a... Please update this article to reflect recent events or newly available information Thomas Sutherland, a! Branch network throughout the territory the end of the very few banks in the Philippines moved to! Hsbc acquired the Mercantile bank of India, London and China, in. And merchant trading history is available in the Philippines loans to build mills. For global economic prospects for 2021, says HSBC ’ s principal note and... 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