What is the Full Form of HSBC?

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hsbc full form

The full form of HSBC is Hong Kong and Shanghai Banking Corporation. It is one of the most popular and largest financial institutions in the world. It was founded in 1865 and currently operates in more than 60 countries across the globe. 

HSBC provides various financial services including credit cards, mutual funds, equities, and more  Read on to know more about HSBC. 

History of HSBC

  • It was founded by a Scottish banker, Thomas Sutherland, in the then-British colony of British Hong Kong in 1865
  • It opened its branches in Shanghai in the same year of foundation 
  • It incorporated formally for the first time in 1865
  • In 1980, it received 51% of the shareholding in US-based Marine Midland Bank, which was then extended to full ownership in 1987
  • In 1992, it purchased the Bank from Midland and created a new holding company, HSBC Holdings plc 1992. The headquarters of HSBC were relocated to London post the establishment of the new company
  • In 1998, the idea of using the company’s initials as the brand name; HSBC came into the picture
  • In 2017, Douglas Flint became the first non-executive and external chairman of the HSBC Board of Directors

Subsidiaries of HSBC

Region Subsidiaries
Asia Pacific
HSBC Armenia
HSBC Bangladesh
HSBC Bank Australia
HSBC Bank India
HSBC Bank Indonesia
HSBC China
HSBC Bank Malaysia
HSBC Bank Philippines
HSBC Bank Vietnam
HSBC Korea 
HSBC Singapore
HSBC Sri Lanka
HSBC Taiwan
EuropeHSBC France
HSBC Greece
HSBC Trinkaus und Burkhardt AG
HSBC Bank Malta
HSBC Private Bank (Suisse) SA
HSBC UK Bank plc
AmericaHSBC Bank Argentina
HSBC Bank Bermuda
HSBC Bank Canada
HSBC Finance Corporation
HSBC México
Middle East and North Africa
HSBC Bank Egypt
HSBC Bank Jordan
HSBC Bank Middle East
HSBC Turkey
HSBC Saudi Arabia

Services of HSBC

  • Asset management
  • Banking
  • Commodities
  • Credit cards
  • Equities trading
  • Insurance
  • Investment banking
  • Investment management
  • Mortgage loans
  • Mutual funds
  • Private Equity
  • Securities services
  • Risk management
  • Wealth management

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