HSBC Sri Lanka offers a wide array of banking services and products available to individuals and businesses. Its main office is located at Mapletree Business City in Pasir Panjang, HarbourFront. All rights reserved. [citation needed]. 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. 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. In January 2012 HSBC announced the sale of its Thailand retail banking operations to the Krungsri Group (Bank of Ayudhya) 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. 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. He is also a Group … [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. 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]. Reviews: 0 : Contact Page: Additional information: Write Review: Browse Review : Contact Information : The Hongkong and Shanghai Banking Corporation Ltd… Further information about HSBC’s history is available in The HSBC Group: Our Story (PDF, 3.49MB). The bank survived because of large reserves and prudent forward planning, for example deciding to move the head office to London. In September 2008, HSBC completed the increase of its stake in Techcombank to 20%, became the first foreign bank in Vietnam to hold a 20% interest in a domestic bank. Since 2007 it has expanded its HSBC Premier private banking services for the "Mass affluent" market or high-net-worth individual clients. and its intention to maintain only corporate banking business in Thailand. to The Hongkong and Shanghai Banking Corporation Limited, Hongkong & Standard Chartered Bank Mauritius Limited against loan provided to Godrej East Africa Holdings Limited-33.89 vii) Guarantee amounting to USD 88 million (31‑Mar‑18 USD 88 million) given by the Company to DBS Bank Limited, Singapore and Sumitomo Mitsui Banking Corporation… "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. [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]. In Vietnam, HSBC first opened an office in Saigon (now Ho Chi Minh City) in 1870. HSBC opened its first Japan operations in Yokohama in 1866, followed by branches in other trading ports such as Osaka, Kobe and Nagasaki. Please update this article to reflect recent events or newly available information. In its early years of operation, HSBC serviced the booming Philippine sugar industry. Today, HSBC Philippines operates in key Philippine cities such as Cebu and Davao. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. For details about HSBC’s global operations and Group board members, go to our corporate website . A full service branch was established in Taipei in 1984. For more information Click Here . 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, … Sutherland’s vision was for a new bank, owned and managed locally, which would support international trade. From the late 1950s the bank began to grow and diversify by acquiring other banks, including Hong Kong’s Hang Seng Bank in 1965. The Hongkong and Shanghai Banking Corporation Limited (HSBC) provides commercial banking services. In anticipation of the Japanese invasion of Hong Kong in 1941, the Bank's head office moved to London. ACH Bank Code, Branch Code and Account Number information is used for Interbank GIRO transactions. [2][9] Shares of the bank were one of 13 securities initially traded on the Shanghai Stock Exchange, and were traded on that exchange until the Japanese closed the exchange in 1941. 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. Today, HSBC's flagship office remains at the original Collyer Quay site where its first branch was opened. HSBC Bangladesh has a help center which operates on a daily basis. 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. It has ended Citibank and Standard Chartered's duopoly on international banking in the Philippines. Please note this is English language only. 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. HSBC's history in the Philippines dates back more than 110 years with the establishment of their first branch no. 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. The building broke many construction records and included many design innovations. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. HSBC started operations in 1996. In 1964 the Chief Managership was superseded as the top executive role in the bank by an Executive Chairmanship. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD: Clearing Code 004 Branch … HSBC aided Hong Kong’s reinvention as a postwar manufacturing centre, granting loans to build cotton mills and textile factories. [11] Saunders took this role until retirement in 1972 and was succeeded as Chief Manager in 1964 by H.J. Hang Seng Bank Limited is headquartered in Hong Kong and reported total assets of HKD1.66 trillion at end-June 2019. 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). People using this service can freely remit money from Bangladesh to any part of the world and can access their money from any HSBC booth around the world. Terms & Conditions | Disclaimer & Internet Privacy Statement © The Hongkong and Shanghai Banking Corporation Limited 2002-2021. The building has 62 escalators, which at the time of construction, was the most on any single site in the world. In Hong Kong, the local population sometimes refers to the bank as 獅子銀行, "the Lion Bank", after the pair of lion sculptures outside the bank's headquarters, which also appear in some banknotes. During that period, it also adopted the idiosyncratic practice of calling its ATMs Electronic Teller Card (ETC) machines. Turner was succeeded in 1962 by Jake Saunders. 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. Branch Name. By 1955, while HSBC was permitted to continue to operate the Shanghai branch, all its operations elsewhere in mainland China were closed. The lifts were built with technology used in the NASA space program and were originally transparent. During his twenty-six-year tenure, the Bank became a leader in Asia. After raising a capital stock of HK$5 million, the bank commenced operations on 3 March 1865. HSBC acquired a 62.14%, controlling interest in the local Hang Seng Bank in 1965 during a crisis of the latter. The Communist Party of China took over Shanghai in early 1949, towards the end of the civil war. HSBC initially opened for business in Thailand in 1888, becoming the first commercial bank in the country. Our new premise is located in the heart of Dhanmondi for your convenience and has a larger area which … To better serve Hong Kong’s growing population, the bank began expanding its retail branch network throughout the territory. 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 Ltd. 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. In 1980, the Bank launched a hostile takeover bid for the Royal Bank of Scotland, although the bid was blocked by the British government. The Hongkong and Shanghai Banking Corp. Ltd is headquartered in Hong Kong and reported total assets of HKD8.67 trillion at end-June 2019. The bank also offers offshore banking in the Export Processing Zones, this is only limited to investors in the EPZs. HSBC is expanding in competitive South Korean market, operating from a network of 11 branches, the first having been opened in Jemulpo in 1897 . [29], The retail and wealth business operated through the locally incorporated bank has 12 branches incorporating 10 HSBC Premier Centres and 33 Automated Teller Machines in Singapore.[30]. [13] It was also home to HSBC Holdings plc's headquarters until the latter firm's move to London to meet the requirements of the UK regulatory authorities after the acquisition of the Midland Bank in 1992. HSBC uses cookies to give you the best possible experience on our websites. 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. The Hongkong and Shanghai Banking Corporation Ltd. Back : Review Avg. It opened a branch in Shanghai during April of that year, and started issuing locally denominated banknotes in both the Crown Colony and Shanghai soon afterwards. The Hongkong & Shanghai Banking Corporation Ltd has 39 ACH Branch codes available in SG. 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. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. The all-steel structure stands 180m high across 52 floors, 4 of which are subterranean. Although its assets were restored to HSBC at the end of the war, the Chinese Civil War affected HSBC's recovery. [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. HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. During the period 1941–1943 the chief manager Sir Vandeleur Grayburn, and his successor David C. Edmondston, both died while interned by the Japanese. The Bank offers consumer and commercial loans, mortgage, deposit products, internet … [citation needed], Operations of the group in the Asia Pacific are under this subsidiary, and it forms the regional headquarters for Asia Pacific. Local films and television series set in Hong Kong, especially comedies, use this nickname when referring to the bank. 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]. HSBC Insurance provides insurance products and services to international and local brokers, agents and direct customers in Hong Kong, mainland China, Macau, Singapore, India and Malaysia. Established in 1865 to finance the growing trade between Asia and Europe, it has become the biggest bank incorporated in Hong Kong. In 2007, The Hongkong and Shanghai Banking Corporation acquired The Chinese Bank in Taiwan. [19] On 9 & 10 November 2017, all HSBC Brunei branches and ATMs had ceased its operations. HSBC continued to invest and grow in Hong Kong and the surrounding region into the 21st century. 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. The head office moved back to Hong Kong in 1946. For its parent company, see, Xiānggǎng Shànghǎi Huìfēng Yínháng Yǒuxiàn gōngsī, Heūnggóng Seuhnghói Wuihfūng ngànhòng yaúhhaahn gūngsī, Hoeng1gong2 soeng6hoi2 wui6fung1 ngan4hong4 jau5haan6 gung1si1. Progress has been made in the five years since the Paris Agreement – but bigger changes are coming. 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. 03 … Most of its Asia network closed and many staff were interned. The Hongkong and Shanghai Banking Corporation Limited participates in the deposit guarantee scheme of the United Kingdom. [10] The bank handled the first public loan in China in 1874, thereafter issuing most public loans. ilovehongkong.org Retrieved 2018-06-03, Note-issuing Banks from HKMA website. 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. 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. 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. Vaccine breakthroughs should usher in a brighter dawn for global economic prospects for 2021, says HSBC’s Janet Henry. The founder, Thomas Sutherland of the Peninsular and Oriental Steam Navigation Company, wanted a bank operating on "sound Scottish banking principles." 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. The Hang Seng Index for stock prices in Hong Kong is named after the Hang Seng Bank. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD: Clearing Code 004 Branch Code 845: Branch Name: Quarry Bay Branch Address: G/F - 1/F, 971 Kings Road, Hong Kong Contact: 2233 3000: THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD… [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]. HSBCHKHHGCC - SWIFT Code (BIC) - HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE in HONG KONG - HONG KONG. It has established itself as one of the largest and most profitable banks operating in the country. LIST OF AFFECTED RATINGS The Hongkong and Shanghai Banking Corporation Limited: The HSBC Bahamas office is a limited service branch offering interest-bearing accounts in all major currencies operated by wire transfers. At the heart of this industrialisation lay the bustling district of Mong Kok, where HSBC opened a branch in 1948. The bank also has a good number of ATM booths in the cities present, it also has booths in most five star hotels. It was heavily involved in the early development of Japan's current monetary system, and consulted with the government regarding fiscal policy, currency printing and related matters. 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. A special service called NRB Services is also available for non-resident Bangladeshis, this service allows consumers to maintain accounts in US Dollars, Pound Sterling and Euros. 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. 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. Branch … It was renamed "The Hongkong and Shanghai Banking Corporation Limited" in 1989. Moody's Investors Service. 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. 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. 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 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. See our Cookie Policy. The industry considered this move, giving HSBC a lead in the race to grab pieces of mainland China's banking market. 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. The Hongkong and Shanghai Banking Corporation maintains a network of around 600 offices in 20 countries in Asia Pacific, as well as owning of a number of HSBC banks operating in various countries and holding the group's stakes in further lenders, particularly in mainland China. During the Japanese occupation the Bank's head office building was occupied as the headquarters of the Hong Kong Japanese military government. THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, … The banking services provided from the location will be available until 10 December 2020, Thursday. 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 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. THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (UEN ID S16FC0010A) is a corporate entity registered with Accounting and Corporate Regulatory Authority. 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. Hong Kong under the LAC Rules. The bank built a succession of modern head offices on the site. The bank provides a range of personal, commercial and corporate banking financial services across Asia. 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 Shen, the managing director of Maysun Trading Co. and the former head of the Central Trust of China, who became the first ethnic Chinese to be appointed to the position of Chief Manager of the bank. It opened its doors in December 1877. Its current headquarters are in Fort Bonifacio. The third generation head office, completed in 1935, was the first air-conditioned building in Hong Kong. The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. In July 2007, HSBC became the first foreign bank to increase its stake in Techcombank to 15%. Accordingly, a second branch was opened on Thonglor (Sukhumvit 55) in early 2011. HSBC's main branch office in Thailand is situated in Bangkok on Rama IV Road opposite Lumpini Park. HSBC is now one of the fastest growing foreign banks in India,[21] both in domestic banking and support operations for worldwide operations (see Group Service Centres). For Group’s financial information please visit the investor relations section on our global corporate website. HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE1 QUEEN'S ROAD CENTRAL, CENTRAL AND WESTERN … For inquiries or complaints, please call HSBC's Customer Service at (02) 8858-0000 from Metro Manila, +1-800-1-888-8555 PLDT domestic toll-free, (02)7976-8000 from overseas, (International Access … Get details of 8 Aberdeen Centre branches of The Hongkong and Shanghai Banking Corporation Limited . Nasa space program and were originally transparent and China, established in October in! 4 of which are subterranean Premier Private Banking services provided from the location will available! In Sri Lanka for 120 years became Chief Manager in 1953 and set about the! Renamed `` the Hongkong and Shanghai Banking Corporation Limited '' in 1989 merchant. Public loan in China in 1874, thereafter issuing most public loans wealth ” or “ abundance remittances.. 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