The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings Limited. It is a founding member of HSBC Group and the flagship of 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 headquarters building of Hongkong and Shanghai Banking Corporation,No. 1, Queen's Road Central, the Hongkong and Shanghai Banking Corporation and its subsidiaries have set up about 700 branches and offices in the Asia-Pacific region.
Company Name: Hongkong and Shanghai Banking Corporation Limited mbth: Hongkong and Shanghai Banking Corporation Limited Headquarters Location:No. 1 Queen's Road Central, Hong Kong Established Time: 1865 Operating Mode. Wai: Type of financial company: Limited company slogan: global finance, local wisdom (2002) Parent company: Chairman of the Board of Directors of HSBC Holdings Limited: Ji Qin Chief Executive Officer: Wang Dongsheng, official website:: h *** c/ Business, Hong Kong, Mainland China, contemporary banks, early development, group operation, HSBC Holdings, disputes, punishment, suspected money laundering, business from Hongkong and Shanghai Banking Corporation. The headquarters location is similar to that of 20 12, and it was purchased at 1886 and converted into the second-generation head office address. /kloc-In the 1980s, 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. 1872 was authorized by Hong Kong British * * * to issue 1 yuan banknotes to supplement the serious shortage of 1 yuan silver coins. After World War II, HSBC shouldered the heavy responsibility of rebuilding Hong Kong's economy. HSBC is the last rescuer of two banking crises: 1960s and 1980s. On the other hand, HSBC has set up a headquarters in Kowloon to handle accounts and services in Kowloon and the New Territories, and a second headquarters in the Hongkong and Shanghai Banking Corporation Building, 673 Nathan Road, Mong Kok, Kowloon. In addition, 1999, HSBC moved into the HSBC Center in the office complex in Tai Kok Tsui, which belongs to the first phase of the MTR Olympic Station property development plan. The original site of HSBC Center is the bus terminus in Tai Kok Tsui, 65439. When the office building was unnamed, the developer Xinhe Group sold the office building to HSBC 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 away, so it was named HSBC Center. HSBC is a 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 loan and life insurance is about 17% and 20% respectively. The 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 stopped issuing). Since 1994, 10 yuan coins have been issued, and HSBC will no longer issue 10 yuan banknotes (the latest issue is 1992 1). At present, the Hong Kong dollar banknotes issued by HSBC account for more than 63% of the banknotes in circulation in Hong Kong. After the acquisition of Hang Seng 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 stake of the bank to Hongkong and Shanghai Banking Corporation, and finally HSBC acquired 565,438+0% shares of Hang Seng Bank. After obtaining the controlling stake, HSBC eliminated the most threatening rival of Hong Kong banking industry and established its monopoly advantage in the retail industry of Hong Kong banks. 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 62. 14% equity of Hang Seng Bank. 19 14 British businessman Hongkong and Shanghai Banking Corporation ATM 1980, Hongkong and Shanghai Banking Corporation launched an ATM network called Electronic Cashier Card. At first, ETC was only established in the downtown area of central district, and later branches were set up in various districts, and the network extended to Macao. At present, in addition to HSBC, Hang Seng Bank also uses ETC network, and other commercial banks in Hong Kong and Macao use Yintong network. In addition, HSBC and Hang Seng Bank launched a self-service audit system at 199 1, which was called "quick check" and "universal uncle" in advertisements. Customers can check their account balance through bank cards. However, since 20 12, e-banking services have become popular, and accounts can be audited through the Internet and telephone. In addition, due to security and privacy issues (account balance can be queried without providing a password), the number of inquiries was stopped from June 65438+1 October1in 2007, and all of them were 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 cannot invest in RMB time deposits, other foreign currencies can be used), trading in Hong Kong stocks, bonds, derivatives, gold and subscription of stock funds with fixed deductions. Social impression HSBC closed many unprofitable branches in Hong Kong in 20 12, which brought inconvenience to residents in remote and poor areas of Hong Kong and also caused criticism from public opinion, but HSBC still has a lofty position in Hong Kong. Hong Kong people buy stocks, and it is popular to buy HSBC as savings. I believe that its management can continuously enhance the company's value. Its dividend has remained stable for a long time, and it has also established the image of "sharing benefits with the people". In 2006, Hong Kong * * * implemented the fifth day, but HSBC did the opposite, extending the service hours, but hiring more employees (but the industrial branch was closed all day on Saturday and Sunday), and the two became the comparison objects. Lin Linchi, former vice president of Merrill Lynch in Hong Kong, once pointed out that if Hong Kong people buy HSBC shares at HK$ 1.00 every year from 1.00, the dividend will be enough to buy shares at HK$ 1.00 from1.00. Over the past 30 years, the market value of HSBC has increased by more than 80 times, with an annual dividend of more than HK$ 500,000. 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 banks. However, the huge market value of HSBC has kept its share price unchanged for a long time, and the investment community has called it a "big stupid elephant". When the share price of "Big Dumbo" 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 bells, buy HSBC", which believes that buying HSBC on Christmas Eve will definitely make money, but this folk wisdom was proved to be untenable on 20 12. In March, 2009, HSBC announced its annual results for 2008, recording a rare big profit retrogression since 20 12. Compared with 2007, the profit in 2008 decreased by nearly 70%, and a rights issue was announced to raise funds. After the news was announced, the share price of HSBC Holdings plummeted, with a one-day drop of 18%, and the share price returned to the price in the mid-1990s. Banking Functions HSBC, Standard Chartered Bank and Bank of China Hong Kong Branch have also been approved by the Hong Kong Monetary Authority to issue banknotes. In addition to issuing bank notes, HSBC is also a major current account in Hong Kong. The HSBC Foundation is a charitable fund registered in Hong Kong. It was established by the Hongkong and Shanghai Banking Corporation 198 1, and the bank provided continuous funds. Support enterprise social association-HSBC Social Enterprise Business Center is a commercial center in Hong Kong, which brings together forces from all walks of life 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 the Hong Kong Banking Foundation. Mainland Shanghai Branch: Shanghai is the birthplace of HSBC. The letter "S" in the English abbreviation of HSBC refers to Shanghai. 1864, when chatting with several major British foreign firms in Shanghai, they proposed to raise funds to set up banks. In the same year, David McLean, chairman of the British Chamber of Commerce, learned that the bank would set up a branch in Shanghai. Because he was optimistic about the prospects of the banking industry, he immediately returned to China to raise funds, and returned to Shanghai with huge sums of money the following year to set up a Shanghai branch of HSBC.
The turnover of HSBC Shanghai Branch not only ranks first among all branches, but even far exceeds that of Hong Kong Head Office from its inception. Similar to Sassoon, one of the founding shareholders of HSBC, after a period of establishment, HSBC shifted its business focus from Hong Kong, which was developing slowly at that time, to Shanghai. Up to War of Resistance against Japanese Aggression, Shanghai has 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 inferior to that of American banks. 1949 after the founding of new China, HSBC, as the only foreign bank that stayed in Shanghai, found that its operating income was far below the daily maintenance cost of its property, and had to withdraw from the Shanghai market completely on 1955.
During the period from the late Qing Dynasty to the Republic of China, Hongkong and Shanghai Banking Corporation was the main collection agency for repaying foreign debts and indemnities in China, and it was also the main bank for collecting and keeping domestic debt funds in China and customs duties in China on behalf of the State Administration of Taxation. 19 15 The total inventory of gold and silver in all Chinese and foreign financial industries in Shanghai was 80.99 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%. 1.2% of the total amount of HK$ 42.95 million issued by HSBC in 1926 was circulated in Hong Kong, only 4.6% in other countries, and 7 1.2% was circulated in Chinese mainland, focusing on Shanghai. During the period of 1936, the total deposits of HSBC were USD 255 million, of which 153 million was absorbed in China, accounting for 59.9%, accounting for 43.4% of the total deposits absorbed by foreign banks in China, with Shanghai Branch accounting for a huge proportion. In addition, the foreign exchange traded by HSBC often accounts for 60%-70% of Shanghai's foreign exchange market.
From 192 1 to 1923, HSBC built a neoclassical seven-story building with an area of 14 mu on the Bund, the financial center of Shanghai, which is the headquarters of Shanghai Pudong Development Bank. The sculptured appearance is beautiful, and the Greek dome goes straight into the sky. This new building not only makes HSBC's leading position in Shanghai banking 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: June 1865 HSBC opened a branch in Guangzhou. 1920, a four-story building (now Shengli Hotel, No.54 Shamian Street) was built in the British Concession in Shamian, Guangzhou, with a dome at the corner. Now it is listed as a national key cultural relics protection unit together with the whole modern building in Shamian. Hankou branch: 1866 opened, and a two-story building was built in Jiangtan, the British Concession in Hankou. 19 13- 1920 was converted into a luxurious classical four-story building with a building area of 10244 square meters, and the front colonnade was of Ionian style. It closed at 1949. It's China Everbright Bank Wuhan Branch. It was once listed as a cultural relic protection unit in Hubei Province, and in 2006 it was listed as a national key cultural relic protection unit as a part of modern architecture in Hankou. Shantou Branch: opened on 1866. Fuzhou Branch: 1866 opened. Located in Dating Road, Cangshan, it is a typical colonial building with a white face and two floors. It has seven rooms and a basement. 1949 closed and changed to the dormitory of Fuzhou Second Hospital. Due to years of disrepair and serious damage, it was repaired in 2009. Now it is a cultural center in Cangshan District, Fuzhou. Ningbo Branch: 1866. Xiamen Branch: 1873 opened. Haihua Road (now Lujiang Road) was first built in the British Concession. 1938 moved to Gu Xin Road, Gulangyu Island. It closed at 1950. The address of Gu Xin Road is the dormitory of the shipyard. Yantai branch: 1876 opened. Located in Zida Road (now Customs Street), the coupon gallery bungalow was built in 192 1 and listed as a cultural relic protection unit in Yantai. Jiujiang branch: opened at 1879. Beihai Branch: 1880 opened. Macau branch: opened on 188 1 Tianjin branch: 1882 opened. 1925 At the corner of Victoria Road (now No.84 Jiefang North Road) and Consular Road (now Datong Road) in the British Concession in Tianjin, a classical bank building was built, with a gorgeous voucher roof and an Ionian colonnade on the front. Designed by Tonghe engineer. It closed at 1954. Now it is Tianjin Branch of China People's Bank. It is listed as Tianjin Cultural Relics Protection Unit Beijing Branch: 1889. 1902, a Renaissance-style building was built in Dongjiaomin Lane. 1955 closed, occupied by Beijing Municipal Public Security Bureau, and demolished after 1980 due to road widening. Niuzhuang (Yingkou) Sub-branch: 1892 opened. Zhenjiang: Agent opened 1894. Qingdao branch: 19 12 opened. 19 17 a Donde-style building was built at the intersection of Guantao Road and Wusong Road. Harbin Branch: 19 15 opened, located in Daoli Shuidao Street (now No.37 Zhao Lin Street), 1923 built a classical four-story building. It closed at 194 1. Used by China Bank, it is listed as a first-class protected building in Harbin. Fengtian (Shenyang) Branch: 19 17, 193 1- 1932 built a classical five-story building 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: 1922 opened. 1925, at No.61Yuguang Street, Zhongshan District, a four-story building with a slight Renaissance style was built. Used by China Industrial and Commercial Bank. Chongqing Branch: opened at 1943. Mainland Contemporary Hongkong and Shanghai Banking Corporation (China) Limited officially opened on April 2, 2007. Headquartered in Shanghai, it is a wholly foreign-owned bank under the Hongkong and Shanghai Banking Corporation Limited, whose predecessor was Chinese mainland Branch of Hongkong and Shanghai Banking Corporation Limited. As of 20 14, HSBC China * * * has 135 outlets, of which 29 branches are located in Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Xiamen, Jinan, Qingdao, Nanjing, Hangzhou, Suzhou, Kunming, Chongqing, Chengdu, Taiyuan, Xi, Wuhan, Changsha. In addition, it has branches in Beijing, Shanghai, Guangzhou, Tianjin, Shenzhen, Xiamen, Chengdu, Chongqing, Dalian, Foshan, Zhongshan, Zhuhai, Hangzhou, Suzhou, Wuhan, Xi 'an, Ningbo, Qingdao, Huizhou, Jiangmen, Kunshan, Chaozhou, Maoming, Qingyuan, Shantou, Shaoguan, Zhanjiang, Zhaoqing, Yangjiang and Yunfu. This expanding branch network is second to none among mainland foreign banks. Combining international experience and in-depth understanding of the local market, HSBC has a unique advantage in China, providing you or your enterprise with a wide range of banking and financial services. The main business of HSBC branch in China can be divided into two categories: first, corporate banking, including project loans and real estate loans, import and export bills and bill collection, securities custody and B-share business, foreign exchange fund arrangement, etc. Second, retail banking business, such as deposit account, remittance, traveler's check, credit card, merchant service, etc. HSBC Shanghai Branch also provides services such as real estate mortgage loans to customers. HSBC's excellent service has been widely recognized, and its awards include: Asian Finance, Best Foreign Bank in China, Assets, Best Fund Management Bank in China, Global Finance, Best Private Bank, Banker, Best Bank in Asia and Western Europe, Eurocurrency, and Eurocurrency which has been rated as "Best Foreign Bank in China" for four consecutive years. Banks in Hong Kong generally require all directors of the company to open accounts in person. If the account holder or company director is from China, please bring the company files and related materials. How directors don't open bank accounts in Hong Kong: As it is inconvenient for some directors to open accounts in Hong Kong banks directly, they can sign the account opening documents (commonly known as signature witness) at the China branch of Hong Kong banks, and then we will send the documents to the Hong Kong head office at the branch, and then go to the head office to handle the account opening procedures on their behalf. Because this kind of account opening is complicated, you can check with us before opening an account. Open an account in a foreign bank in China: If you don't have a passport, you can open a offshore account in a branch of Hongkong Bank in China. Account signatories and non-account signatories can apply as long as they hold Chinese mainland identity cards. Account holders should carry relevant documents and materials. Information required for opening a bank account: original director's identity certificate (ID card or passport)/original business registration certificate/original articles of association/original articles of association/minutes of meeting/account opening document signed by accountant/cash deposited in a new account/original credit certificate issued by the bank (credit certificate should include the words: account holder's name, passport or ID number, account opening date, deposit amount and good bank transaction record). Service contents of bank account opening: recommend bank account opening, arrange to send signed witness letter to the bank, prepare account opening certificate signed by accountant or lawyer, prepare application form for bank account opening, and assist customers to open company account in the bank. Management fee and handling fee of HSBC bank account: the average balance of the account for three months is less than HK$ 50,000, bank account management fee 100 HK/month, online transfer: each transaction110HK; Online transfer: 60HK: 200HK for each remittance through the counter of Hongkong and Shanghai Banking Corporation; Before noon 12; After 12: 00, remit HK$ 240 through the counter of Hongkong and Shanghai Banking Corporation: the minimum charge is HK$ 50. It is determined by the bank that HSBC's "Easy Finance" business account can be transferred to mainland companies and personal accounts: specifically, if HSBC accounts are transferred to mainland personal accounts, they can be transferred to US dollars and Hong Kong dollars; If the HSBC account is transferred to a mainland company account, it will be transferred to US dollars or Hong Kong dollars. The account opened by HSBC in Hong Kong can be used to withdraw RMB from the ATM of HSBC in the Mainland, and RMB 20,000 can be withdrawn every day. The procedure is about 200 RMB. Bank Honor Global Finance Magazine 20 12 ranked the 50 safest banks in the world, and HSBC ranked 23rd. In 2008, it ranked 20th among the world's top 500 companies, with revenue of $65.438+0465 billion and net profit of $65.438+0965438+33 million. 2018 July 19, the Fortune Global 500 list was released, and HSBC ranked 90th. Early development 1865 In July, the Hongkong and Shanghai Banking Corporation Limited opened its London branch and set up an agency in San Francisco until 1875, when it became a full-service branch. 1866, HSBC opened a branch in Yokohama, Japan, and became a consultant in Japan. 1888, HSBC Thailand Branch was established, becoming the first bank in Thailand and issuing the first batch of banknotes for Thailand. The Hongkong and Shanghai Banking Corporation initially provided financial services to foreign enterprises (mainly British-funded enterprises) in China. Although it established a network of branches and correspondent banks all over the world in its early days, its main business is still in China and other Asia-Pacific regions. The early trademark of Hongkong and Shanghai Banking Corporation Limited The original name of Hongkong and Shanghai Banking Corporation Limited was changed from 188 1 to Hongkong and Shanghai Banking Corporation Limited, and the Chinese name was changed from 1 to Hongkong and Shanghai Banking Corporation Limited. The word "HSBC" is said to have been put forward by Gu Yingchun, a comprador in China, after calculating the good and bad luck of the strokes, taking its meaning of "abundant exchange". By 1900, HSBC has also set up branches in other parts of the Far East, such as India and Singapore. After 19 1 1 year, HSBC obtained the right to collect customs duties and salt taxes in China. By the beginning of the 20th century, HSBC had become the largest bank in the Far East. The foreign exchange traded by HSBC often accounts for 60%-70% of Shanghai's foreign exchange market. During the First World War, the business of HSBC was temporarily suspended, and with the end of the war, the company's business was further expanded. During World War II, the business of HSBC was once again affected, and its headquarters was temporarily moved to London. After the war, the business in Hong Kong resumed operation, and the operation right of the Hong Kong head office was recovered. During the period of 1949, with China * * * gaining political power, the branches of HSBC in Chinese mainland were closed one after another, only the Shanghai branch continued to operate, and HSBC became one of the few foreign banks with no business interruption in Chinese mainland. In view of the limited development space, HSBC began to operate as a group in 1950' s. Under the leadership of michael turner, HSBC began to operate as a group in 1953. First, HSBC Bank of California, the first subsidiary of the Group, was established in California from 65438 to 0955. 1959, HSBC acquired the beneficiary banks in the Middle East and the Bank of England, which was the first acquisition by HSBC Group. 1965, HSBC acquired the controlling stake in Hang Seng Bank. 1972, HSBC established Win Dolly Limited (predecessor of HSBC Investment Bank Holdings Limited). 1980, HSBC became a shareholder in Wachovia, and 1987 became a wholly-owned subsidiary of HSBC. 198 1 year, HSBC acquired the controlling stake in Equator Holdings Limited; In the same year, HSBC failed to acquire Royal Bank of Scotland, but its interest in acquiring large British banks continued unabated. 1987, HSBC became a shareholder in Midland Bank, and through the cooperation agreement, HSBC and Midland transferred their business to each other. HSBC Holdings 1990 12 17 The Hongkong and Shanghai Banking Corporation announced its reorganization, including the establishment of a group holding company named HSBC Holdings Limited and the upgrading of the London branch of Hongkong and Shanghai Banking Corporation to the registered office of HSBC Holdings. The shares of HSBC were transferred to the name of HSBC Holdings, and HSBC Holdings issued new shares, replacing 4 shares of HSBC with 65,438+0 shares of HSBC Holdings, and reducing the original issued shares to 3/4 for overseas listing in the future. After the replacement of HSBC shares, HSBC Holdings shares were listed on the Hong Kong and London Stock Exchanges respectively. HSBC Holdings is registered in the UK, but Hong Kong is the group headquarters. The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings. In order to develop its business in Hong Kong, its registration in Hong Kong remains unchanged. 199 1 year, HSBC Holdings, the parent company of HSBC, was established, and its shares were transferred to HSBC Holdings, which was wholly owned by HSBC Holdings. 1994, the business of Hongkong and Shanghai Banking Corporation Limited in Malaysia was transferred to the local registered HSBC Bank of Malaysia. Dispute was punished 2065438+2004165438+10/2 Financial regulators in Britain, the United States and Switzerland ruled on exchange rate manipulation cases and fined Citibank, HSBC, Bank of JPMorgan Chase, Royal Bank of Scotland and Swiss Bank * * * $. The UK Financial Conduct Authority imposed a fine of $654.38+77 million on five banks, while the US Commodity Futures Trading Commission imposed a fine of $654.38+48 million on these five banks, while the Swiss Financial Market Authority only imposed a fine of $654.38+34 million on Swiss banks. Money Laundering Allegation 2014117 The Belgian prosecutor said that a Swiss subsidiary of HSBC was charged with fraud and money laundering, involving hundreds of millions of euros. Agence France-Presse said that the Belgian prosecutor pointed out in a statement that as a wholly-owned subsidiary of HSBC, HSBC Private Bank (Switzerland) was accused of helping hundreds of customers, including some diamond traders headquartered in the port city of Antwerp, who cheated Belgium.