Hongkong and Shanghai Banking Corporation opened in Hong Kong. When it opened, it took Victoria Building, owned by Sassoon Foreign Firm and located in Victoria Street (now called Bank Street) in Central as its headquarters, and obtained the right to issue banknotes. 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.
The Hongkong and Shanghai Banking Corporation has been issuing Hong Kong dollar banknotes since its establishment, but it was mainly used for commercial transactions in the early days. Until 1935, the British Hong Kong government passed the Currency Ordinance, and HSBC was authorized to issue 5 yuan and above Hong Kong dollar banknotes (5 yuan banknotes stopped issuing immediately after 1975).
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