HSBC is one of the oldest banking groups in the modern world. The bank is known locally in the expatriate community simply as The Bank or as “Hong Kong Bank. The Hong Kong and Shanghai Banking Corporation Limited, based in Hong Kong, are a wholly owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings plc. The business ranges from the traditional High Street roles of personal finance and commercial banking, to corporate and investment banking, and private banking. It is the largest bank in Hong Kong and has offices in Asia Pacific region. HSBC Private Bank is the group’s private banking operation, providing private banking and trustee services to wealthy individuals and their families worldwide. The Private Bank has in excess of 60 offices worldwide, with the major centers being Miami, New York, London, Geneva and Hong Kong.
HSBC was founded by one man’s inspiration during the late 19th century. A Scottish man named ‘Thomas Sunderland’, who worked in Hong Kong – during the late 19th century at the Hong Kong Superintendent of the Peninsular and Oriental Steam Navigation
company, and from those many years of work, this one man soon came to realize the considerable demand that there was for local banking facilities, within Hong Kong and Chinese territories, and since these difficult periods of time, this man helped ‘as I said’ establish HSBC of which at that time it was named and known as: “The Hong Kong and
Shanghai Banking Corporation Limited”, and both the headquarters and the first branch opened, in the year of 1865.
As of 2010, it is both the world’s largest banking and financial services group and the world’s 8th largest company according to a composite measure by Forbes magazine. Hong Kong served as the bank’s headquarters until 1992 when it moved to London as a condition of...