Knowledge

HSBC Bank (China)

Source 📝

523: 51: 504: 702: 42: 732: 542: 1159: 419: 315: 1173: 556: 376:
branches, also known as sub-branches (支行) in Chinese. HSBC China does not provide basic account service for personal banking, meaning all clients are required to deposit 500,000 RMB to open an account with HSBC China, unless the client is a qualified premier customer elsewhere with other HSBC entities.
379:
Although subject to foreign exchange regulation, HSBC China still manages to provide a rich range of international services to its local clients in China, including the free global transfer service and competitive time deposit quotes for foreign currencies. In addition, HSBC is also a registered bank
487:
retail business of below RMB1 million for Chinese domestic citizens after the inspection and confirmation by the relevant banking regulatory administration authorities. The Hongkong and Shanghai Banking Corporation was one of nine foreign banks to have applied for the incorporation. On 1 April 2007,
375:
In mainland China, HSBC has the largest services network among foreign banks. The bank offers a full range of services that cater to both middle-class individuals (Premier Banking Service) and to business-oriented individuals as well, from a robust network of 37 main branches, and 23 smaller
274:
In April 1955, HSBC handed over this office to the Communist government, and its activities were continued in rented premises. Its activities were mainly in inward remittances and export bills until the economic reforms of the late 1970s. Chinese authorities had offered to lease HSBC its old
492:
HSBC Bank (China), and it started operations on 2 April. The registered capital and paid-up capital of HSBC Bank (China) is equivalent to RMB8 billion. However, The Hongkong and Shanghai Banking Corporation still has a branch in Shanghai, which conducts foreign currency
254:
branch office on 3 April 1865, previous to other upstarts of HSBC, and indeed, as part of the historic English investment of Eastern Asian nations in the 19th century. Apart from the period 1941 to 1945, during which
380:
with Qualified Domestic Institution Investor (QDII) license in China, meaning it can provide financial products consisting of overseas mutual funds and other derivatives to its local Chinese clients.
483:
announced on 24 December 2006 its approval for foreign banks to start their preparatory work for setting up local incorporations in mainland China. These foreign banks can launch the
503: 1221: 259:
forced HSBC and other foreign-invested banks to leave the local market, it has had a continuous presence in the city. HSBC was historically housed in
522: 177: 294:
committee in its Chinese investment banking subsidiary. The subsidiary, HSBC Qianhai Securities, is a 90% HSBC-owned joint venture.
761: 276: 639: 390:
5 billion in select mainland financial services entities and in the growth of its own operations, including a 19.90% stake in
1216: 480: 1211: 440: 336: 466: 362: 448: 344: 1206: 283:
area of Shanghai. In 2010, HSBC China's headquarters moved out of the HSBC Tower and moved into HSBC Building in
691: 444: 340: 1027: 1098: 207: 137: 1201: 1082: 1022: 972: 1007: 766: 429: 325: 614: 589: 1077: 1052: 853: 433: 329: 291: 260: 126: 1032: 1017: 966: 776: 488:
the mainland China offices of The Hongkong and Shanghai Banking Corporation transferred to its
391: 275:
headquarters on The Bund in 1995 but the offer was turned down. In 2000, HSBC China moved into
817: 1042: 883: 79: 731: 1118: 1012: 509: 50: 8: 1062: 838: 833: 264: 1057: 918: 913: 908: 873: 684: 155: 701: 1072: 984: 978: 898: 807: 797: 756: 746: 494: 395: 664: 62:, with the north tower (right) hosting the head office of HSBC Bank China since 2010 1113: 1108: 1103: 893: 863: 721: 561: 399: 298: 233: 20: 878: 868: 848: 256: 19:
This article is about the bank in mainland China. For the bank in Hong Kong, see
1037: 944: 903: 669: 221: 172: 383:
HSBC China also has a range of credit card services and home loan solutions.
1195: 1163: 1134: 923: 858: 677: 1177: 1067: 1047: 939: 547: 284: 55: 1144: 1139: 990: 950: 888: 268: 41: 802: 792: 771: 569: 489: 225: 751: 229: 28: 615:"HSBC installs Communist party committee in Chinese investment bank" 590:"HSBC installs Communist party committee in Chinese investment bank" 418: 314: 513: 251: 130: 107: 659: 280: 220:) was one of the first foreign banks to incorporate locally in 59: 304: 250:
The Hongkong and Shanghai Banking Corporation established its
812: 290:
In July 2022, HSBC became the first foreign lender to open a
111: 705: 245: 24: 188: 484: 387: 141: 537: 297:In June 2024, HSBC Bank (China) started to provide 516:, head office of HSBC Bank China from 1998 to 2010 27:. For other individual entities of the group, see 1193: 699: 261:one of the largest and most impressive buildings 267:, Shanghai's boulevard formerly known as the " 722:The Hongkong and Shanghai Banking Corporation 685: 215: 178:The Hongkong and Shanghai Banking Corporation 447:. Unsourced material may be challenged and 343:. Unsourced material may be challenged and 305:International banking for Chinese customers 700: 692: 678: 49: 40: 1222:Chinese subsidiaries of foreign companies 467:Learn how and when to remove this message 363:Learn how and when to remove this message 239: 1194: 408: 673: 224:in 2007. It is part of the worldwide 1172: 445:adding citations to reliable sources 412: 341:adding citations to reliable sources 308: 665:HSBC branches and services in China 481:China Banking Regulatory Commission 301:services to its corporate clients. 13: 528:HSBC Beijing Dongzhimen sub-branch 14: 1233: 660:HSBC Bank (China) Company Limited 653: 204:HSBC Bank (China) Company Limited 35:HSBC Bank (China) Company Limited 23:. For the global HSBC Group, see 1171: 1158: 1157: 730: 554: 540: 521: 502: 417: 313: 632: 607: 582: 211: 16:Chinese bank based in Shanghai 1: 1099:Charterhouse Capital Partners 575: 1217:2007 establishments in China 7: 1028:Crédit Commercial de France 533: 91:; 17 years ago 10: 1238: 1083:Williamsburgh Savings Bank 1023:Continental Bank of Canada 973:Canara HSBC Life Insurance 945:Hang Seng Bank (Hong Kong) 640:"赋能数字经济发展 汇丰中国推出企业数字人民币业务" 386:HSBC having invested over 243: 18: 1212:Banks established in 2007 1153: 1127: 1091: 1000: 959: 932: 826: 785: 739: 728: 714: 216: 183: 171: 161: 151: 117: 103: 85: 75: 67: 48: 39: 1078:Samuel Montagu & Co. 1008:Bank of British Columbia 279:across the river in the 1207:Banks based in Shanghai 1053:Imperial Bank of Persia 960:Minority stakes and JVs 292:Chinese Communist Party 228:and is wholly owned by 214:; often abbreviated as 1033:Greenwich Savings Bank 967:Bank of Communications 392:Bank of Communications 1001:Predecessor companies 827:Principal local banks 398:, and an 8% stake in 240:History of HSBC China 80:Finance and Insurance 1013:Barclays Bank Canada 510:Hang Seng Bank Tower 441:improve this section 337:improve this section 1092:Former subsidiaries 1063:Marine Midland Bank 409:Local incorporation 394:, a 16.8% stake in 163:Number of employees 36: 1058:Lloyds Bank Canada 854:Continental Europe 740:Board of directors 156:Financial services 34: 1202:HSBC subsidiaries 1189: 1188: 1073:Republic New York 979:HSBC Saudi Arabia 951:M&S Bank (UK) 940:First Direct (UK) 808:HSBC Private Bank 798:HSBC InvestDirect 757:Henri de Castries 495:wholesale banking 477: 476: 469: 396:Ping An Insurance 373: 372: 365: 201: 200: 1229: 1180: 1175: 1174: 1166: 1161: 1160: 1114:HSBC Bank Panama 1109:HSBC Bank Canada 1104:HSBC Bank Brazil 933:Subsidiary banks 734: 708: 704: 694: 687: 680: 671: 670: 647: 646: 644: 636: 630: 629: 627: 626: 611: 605: 604: 602: 601: 586: 564: 562:Companies portal 559: 558: 557: 550: 545: 544: 543: 525: 506: 472: 465: 461: 458: 452: 421: 413: 400:Bank of Shanghai 368: 361: 357: 354: 348: 317: 309: 271:of the Orient". 234:HSBC (Hong Kong) 219: 218: 213: 197: 194: 192: 190: 99: 97: 92: 53: 44: 37: 33: 21:HSBC (Hong Kong) 1237: 1236: 1232: 1231: 1230: 1228: 1227: 1226: 1192: 1191: 1190: 1185: 1178: 1164: 1149: 1123: 1087: 996: 955: 928: 822: 781: 735: 726: 710: 706: 698: 656: 651: 650: 642: 638: 637: 633: 624: 622: 619:Financial Times 613: 612: 608: 599: 597: 594:Financial Times 588: 587: 583: 578: 560: 555: 553: 546: 541: 539: 536: 529: 526: 517: 507: 473: 462: 456: 453: 438: 422: 411: 405: 369: 358: 352: 349: 334: 318: 307: 248: 242: 187: 164: 147: 120: 95: 93: 90: 63: 32: 17: 12: 11: 5: 1235: 1225: 1224: 1219: 1214: 1209: 1204: 1187: 1186: 1184: 1183: 1169: 1154: 1151: 1150: 1148: 1147: 1142: 1137: 1131: 1129: 1125: 1124: 1122: 1121: 1116: 1111: 1106: 1101: 1095: 1093: 1089: 1088: 1086: 1085: 1080: 1075: 1070: 1065: 1060: 1055: 1050: 1045: 1040: 1038:Grupo Banistmo 1035: 1030: 1025: 1020: 1015: 1010: 1004: 1002: 998: 997: 995: 994: 988: 982: 976: 970: 963: 961: 957: 956: 954: 953: 948: 942: 936: 934: 930: 929: 927: 926: 921: 919:United Kingdom 916: 911: 906: 901: 896: 891: 886: 881: 876: 871: 866: 861: 856: 851: 846: 844:Mainland China 841: 836: 830: 828: 824: 823: 821: 820: 815: 810: 805: 800: 795: 789: 787: 783: 782: 780: 779: 774: 769: 764: 762:Jonathan Evans 759: 754: 749: 747:Kathleen Casey 743: 741: 737: 736: 729: 727: 725: 724: 718: 716: 712: 711: 697: 696: 689: 682: 674: 668: 667: 662: 655: 654:External links 652: 649: 648: 631: 606: 580: 579: 577: 574: 573: 572: 566: 565: 551: 535: 532: 531: 530: 527: 520: 518: 508: 501: 475: 474: 425: 423: 416: 410: 407: 371: 370: 321: 319: 312: 306: 303: 244:Main article: 241: 238: 222:mainland China 199: 198: 185: 181: 180: 175: 169: 168: 165: 162: 159: 158: 153: 149: 148: 146: 145: 134: 123: 121: 118: 115: 114: 105: 101: 100: 87: 83: 82: 77: 73: 72: 69: 65: 64: 54: 46: 45: 15: 9: 6: 4: 3: 2: 1234: 1223: 1220: 1218: 1215: 1213: 1210: 1208: 1205: 1203: 1200: 1199: 1197: 1182: 1181: 1170: 1168: 1167: 1156: 1155: 1152: 1146: 1143: 1141: 1138: 1136: 1135:Libor scandal 1133: 1132: 1130: 1126: 1120: 1117: 1115: 1112: 1110: 1107: 1105: 1102: 1100: 1097: 1096: 1094: 1090: 1084: 1081: 1079: 1076: 1074: 1071: 1069: 1066: 1064: 1061: 1059: 1056: 1054: 1051: 1049: 1046: 1044: 1041: 1039: 1036: 1034: 1031: 1029: 1026: 1024: 1021: 1019: 1016: 1014: 1011: 1009: 1006: 1005: 1003: 999: 992: 989: 986: 983: 980: 977: 974: 971: 968: 965: 964: 962: 958: 952: 949: 946: 943: 941: 938: 937: 935: 931: 925: 924:United States 922: 920: 917: 915: 912: 910: 907: 905: 902: 900: 897: 895: 892: 890: 887: 885: 882: 880: 877: 875: 872: 870: 867: 865: 862: 860: 857: 855: 852: 850: 847: 845: 842: 840: 837: 835: 832: 831: 829: 825: 819: 816: 814: 811: 809: 806: 804: 801: 799: 796: 794: 791: 790: 788: 784: 778: 775: 773: 770: 768: 765: 763: 760: 758: 755: 753: 750: 748: 745: 744: 742: 738: 733: 723: 720: 719: 717: 713: 709: 703: 695: 690: 688: 683: 681: 676: 675: 672: 666: 663: 661: 658: 657: 641: 635: 620: 616: 610: 595: 591: 585: 581: 571: 568: 567: 563: 552: 549: 538: 524: 519: 515: 511: 505: 500: 499: 498: 496: 491: 486: 482: 471: 468: 460: 450: 446: 442: 436: 435: 431: 426:This section 424: 420: 415: 414: 406: 403: 401: 397: 393: 389: 384: 381: 377: 367: 364: 356: 346: 342: 338: 332: 331: 327: 322:This section 320: 316: 311: 310: 302: 300: 295: 293: 288: 286: 282: 278: 272: 270: 266: 262: 258: 253: 247: 237: 235: 231: 227: 223: 209: 205: 196: 186: 182: 179: 176: 174: 170: 166: 160: 157: 154: 150: 143: 139: 135: 132: 128: 127:Vincent Cheng 125: 124: 122: 116: 113: 109: 106: 102: 88: 84: 81: 78: 74: 70: 66: 61: 57: 52: 47: 43: 38: 30: 26: 22: 1176: 1162: 1068:Midland Bank 899:Saudi Arabia 843: 803:HSBC Premier 634: 623:. Retrieved 621:. 2022-07-21 618: 609: 598:. Retrieved 596:. 2022-07-21 593: 584: 548:Banks portal 478: 463: 454: 439:Please help 427: 404: 385: 382: 378: 374: 359: 350: 335:Please help 323: 299:digital yuan 296: 289: 285:Shanghai IFC 273: 249: 212:汇丰银行(中国)有限公司 203: 202: 104:Headquarters 68:Company type 56:Shanghai IFC 1140:Swiss Leaks 1043:Guyerzeller 991:Techcombank 884:Middle East 777:Mark Tucker 269:Wall Street 136:Mark Wang ( 58:complex in 1196:Categories 1018:Beneficial 793:HSBC Expat 772:Noel Quinn 767:David Nish 625:2022-07-22 600:2022-07-22 576:References 570:HSBC Lions 497:business. 490:subsidiary 277:HSBC Tower 226:HSBC Group 119:Key people 1119:HSBC Rail 1048:Household 904:Sri Lanka 864:Hong Kong 839:Australia 834:Argentina 752:Laura Cha 457:July 2022 428:does not 353:July 2022 324:does not 230:Hong Kong 138:President 29:HSBC Bank 1165:Category 1128:Scandals 947:(63.04%) 874:Malaysia 534:See also 514:Shanghai 265:The Bund 252:Shanghai 152:Products 131:Chairman 108:Shanghai 76:Industry 1179:Commons 859:Germany 449:removed 434:sources 345:removed 330:sources 232:–based 208:Chinese 184:Website 94: ( 86:Founded 71:Private 914:Turkey 909:Taiwan 894:Poland 889:Mexico 786:Brands 715:Origin 281:Pudong 210:: 173:Parent 60:Pudong 993:(15%) 987:(40%) 981:(60%) 975:(26%) 969:(19%) 879:Malta 869:India 849:Egypt 813:PayMe 643:(PDF) 257:Japan 191:.hsbc 167:5,500 112:China 1145:more 985:SABB 818:Proa 707:HSBC 479:The 432:any 430:cite 388:US$ 328:any 326:cite 246:HSBC 217:汇丰中国 193:.com 140:and 96:2007 89:2007 25:HSBC 512:in 485:RMB 443:by 339:by 263:on 195:.cn 189:www 142:CEO 1198:: 617:. 592:. 402:. 287:. 236:. 110:, 693:e 686:t 679:v 645:. 628:. 603:. 470:) 464:( 459:) 455:( 451:. 437:. 366:) 360:( 355:) 351:( 347:. 333:. 206:( 144:) 133:) 129:( 98:) 31:.

Index

HSBC (Hong Kong)
HSBC
HSBC Bank


Shanghai IFC
Pudong
Finance and Insurance
Shanghai
China
Vincent Cheng
Chairman
President
CEO
Financial services
Parent
The Hongkong and Shanghai Banking Corporation
www.hsbc.com.cn
Chinese
mainland China
HSBC Group
Hong Kong
HSBC (Hong Kong)
HSBC
Shanghai
Japan
one of the largest and most impressive buildings
The Bund
Wall Street
HSBC Tower

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.