This article is about the HSBC Group. For the Hong Kong bank, see The Hongkong and Shanghai Banking Corporation. HSBC Holdings plc is a British multinational banking and financial services holding company, tracing its origin to a hong in Hong Kong. It was established in its present form in London in 1991 by The Hongkong and Shanghai Visa slots in hyderabad Corporation to act as a new group holding company.
The origins of the bank lie mainly in Hong Kong and to a lesser extent in Shanghai, where branches were first opened in 1865. The HSBC name is derived from the initials of the Hongkong and Shanghai Banking Corporation. The company was first formally incorporated in 1866. The company continues to see both the United Kingdom and Hong Kong as its “home markets”.
HSBC has around 4,000 offices in 70 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, and around 37 million customers. As of 2014, it was the world’s sixth-largest public company, according to a composite measure by Forbes magazine.
HSBC has a dual primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. 7 billion, the second-largest company listed on the London Stock Exchange, after Royal Dutch Shell. It has secondary listings on the New York Stock Exchange, Euronext Paris and the Bermuda Stock Exchange.
In February 2015 the International Consortium of Investigative Journalists released information about the business conduct of HSBC under the title Swiss Leaks. The ICIJ alleges that the bank profited from doing business with tax evaders and other clients.
HSBC because of the bank’s advertising. The HSBC Main Building in 1901 in Hong Kong, the headquarters of the Hong Kong and Shanghai Banking Corporation from 1886 to 1933 for its Hong Kong operation.
The HSBC Building in 2005 in Shanghai, the headquarters of the Hong Kong and Shanghai Banking Corporation from 1923 to 1955 for its Shanghai operation. For more information on the history of HSBC prior to the founding of HSBC Holdings in 1991, see The Hongkong and Shanghai Banking Corporation.