HSBC

HSBC is now the Asia-Pacific division of the international HSBC banking corporation, which was its parent company until 1991. The largest bank in Hong Kong, HSBC has offices and branches all across the Indo-Pacific area as well as in other nations. Also, it holds one of the three commercial banks' licenses from the Hong Kong Monetary Authority to print Hong Kong dollar banknotes.

The Hongkong & Shanghai Bank was founded in British Hong Kong in 1865, became the Hongkong and Shanghai Banking Corporation in 1866, and has maintained its Hong Kong headquarters ever since (although it is now a subsidiary). In 1989, it underwent a name change to "The Hongkong and Shanghai Banking Company Limited."

Since 1990, it has served as the namesake and one of the top subsidiaries of HSBC Holdings PLC, a bank holding company with headquarters in London. It is a founding member of the HSBC group of banks and businesses. The company's operations include investment banking, private banking, and international banking, in addition to the typical High Street functions of retail banking, commercial banking, and corporate banking.

HSBC's market capitalization as of March 2023 was $136.40 billion. By market valuation, this places HSBC as the 86th most valuable firm in the entire world. The most recent financial reports from HSBC indicate that the company's current revenue (TTM) is $61.49 billion. The corporation generated $63.66 billion in revenue in 2021, an increase from $62.88 billion in revenue in 2020.

Founded: 3 March 1865
Headquarters: HSBC Main Building, 1 Queen's Road Central, Central, Victoria City, Hong Kong
Website: www.hsbc.com.hk