HSBC Bank (China) Company Limited

HSBC Bank (China) Limited

HSBC Bank (China) Limited was officially registered on April 2, 2007. Its head office is located in Shanghai, China. It is a wholly foreign-owned bank wholly owned by Hongkong and Shanghai Banking Corporation Limited. Its predecessor is the former branch of Hongkong and Shanghai Banking Corporation Limited in mainland China.

On July 24, 2020, according to the website of China Banking and Insurance Regulatory Commission, Shenzhen banking and Insurance Regulatory Bureau recently issued an official reply on the closure of Shenzhen Longgang Branch of HSBC (China) Co., Ltd. The official reply said it agreed to close the Shenzhen Longgang Branch of HSBC (China) Co., Ltd.

Development History

Founded in Hong Kong and Shanghai in 1865, the Hongkong and Shanghai Banking Corporation Limited is a founding member of the HSBC Group and its flagship in the Asia Pacific region. It is also the largest locally incorporated bank and one of the three note issuing banks in the Hong Kong Special Administrative Region. HSBC Group is one of the largest banking and financial services institutions in the world, with more than 8500 branches in 86 countries and regions.

China is the top priority of HSBC Group's business development in the 21st century. The Hongkong and Shanghai Banking Corporation Limited has been serving the mainland continuously for 143 years. It is one of the most invested foreign banks in the mainland. Its total investment in mainland Chinese financial institutions and its own development has exceeded US $5 billion, including 19% shares in Bank of communications, 16.80% shares in Ping'an Insurance and 8% shares in Bank of Shanghai. The Hongkong and Shanghai Banking Corporation Limited has a branch in Shanghai, engaged in foreign exchange wholesale business.

In March 2013, HSBC Meizhou branch was established.

On February 21, 2014, HSBC China announced that it has started to assist Saint Gobain group of France to carry out cross-border RMB current account centralized collection and payment business, including collection and payment and net settlement, through its subsidiary in Shanghai pilot Free Trade Zone, thus becoming the first bank to carry out such business for enterprises in Shanghai pilot free trade zone.

This is another important business innovation after HSBC China launched the cross-border RMB fund pool business in Shanghai Free Trade Zone in 2014, and also reflects an important progress of banks in using financial innovation to support the real economy.

Enterprise scale

HSBC China has 99 outlets, including 22 branches in Beijing, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Guangzhou, Hangzhou, Hefei, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Xiamen, Xi'an, Jinan and Zhengzhou, and 77 branches in Beijing, Chengdu, Chongqing, Dalian, Foshan, Guangzhou, Hangzhou, Qingdao and Zhengzhou Shanghai, Shenzhen, Suzhou, Tianjin, Wuhan, Xiamen, Xi'an, Shenyang, Meizhou and other cities.

This expanding branch network is second to none among foreign banks in the mainland. Integrating international experience and in-depth understanding of the local market, HSBC China has unique advantages in providing customers with a wide range of banking and financial services.

HSBC China currently employs about 5500 people, 98% of whom are local talents. HSBC focuses on the cultivation of local talents, especially the "banker management trainee" project, and is committed to cultivating local talents who are proficient in banking and have international experience.

HSBC China has repeatedly won awards from the China Charity Association. So far, it has donated more than 300 million yuan in the mainland, mainly to education, environmental protection and charity projects.

Get honor

On September 10, 2018, he won the 10th "China Charity Award" of the Ministry of civil affairs.

Other related

HSBC's major awards in China

On September 20, 2018, the HSBC Financial Education enabling future action project of HSBC Bank (China) Co., Ltd. won the third CSR China Education Award in 2018 and the

Best sustainable development award.

Branch closure

On July 24, 2020, according to the website of China Banking and Insurance Regulatory Commission, Shenzhen banking and Insurance Regulatory Bureau recently issued an official reply on the closure of Shenzhen Longgang Branch of HSBC (China) Co., Ltd. The official reply said it agreed to close the Shenzhen Longgang Branch of HSBC (China) Co., Ltd. According to the reply, the Shenzhen Branch of HSBC (China) Co., Ltd. shall properly arrange the work related to the closure of the branch in accordance with the relevant provisions, and do a good job of publicity and explanation; within 15 days from the date of this reply, the financial license of the above branch shall be returned to the Shenzhen banking and Insurance Regulatory Bureau, and the exit announcement shall be made, and the industrial and commercial registration cancellation procedures shall be handled in a timely manner.