HONGKONG AND SHANGHAI
BANKING CORPORATION
By Group:
THREE
ASP PFS
Founded Hong Kong (1865)
Founder(s) Thomas Sutherland
Headquarters London, United Kingdom
Number of locations 10,000 offices in 92 countries & territories
Area served Worldwide
Key people Stephen Green (Group Chairman)
Michael Geoghegan (Group CEO)
Products Finance and insurance, Consumer Banking,
Corporate Banking, Investment Banking,
Investment Management, Global Wealth
Management, many more
Revenue $103.74 billion (2009)
Operating income $7.079 billion (2009)
Profit $5.834 billion (2009)
Total assets $2.364 trillion (2009)
Total equity $128.299 billion (2009)
Employees 302,000 (2009)
ASP PFS
GROUP HISTORY
1865-1899:
• The Hong Kong and Shanghai Banking Corporation Limited,
which was established in 1865 to finance the growing trade
between China and Europe.
1900-1945:
• The bank’s new head office in Hong Kong (1935) and the new
buildings at major branches such as Bangkok (1921), Manila
(1922) and Shanghai (1923)
1946-1979:
By the 1970s the bank had firmly developed a policy of
expansion by acquisition of subsidiaries with their own identities
and expertise.
ASP PFS
1980-1999:
During the 1980s HSBC concentrated on moving into those markets where it was
not yet fully represented
2000 to present day :
In April,2000 HSBC announced a US$11 billion recommended offer for Credit
Commercial de France (CCF) .
In 2001 also saw the opening of the only branch in the HSBC network that is open
365 days a year - in Pune in Western India.
From 2002, the HSBC identity carried the strap line of 'The world's local bank
April,2003 the new Group head office in Canary Wharf in London officially
opened to house some 8000 staff. HSBC also acquired Keppel Insurance Ltd.
In 2004 HSBC grew organically and through strategic acquisitions in
In 2005, HSBC marked 140 years in China by increasing its stake in the country.
ASP PFS
In 2006 was a year of development and change for HSBC.
In 2007 was a year of challenges for HSBC.
In December 2007 HSBC acquired The Chinese Bank in Taiwan
In 2008 was an exceptionally challenging year for HSBC.
In May 2008 HSBC acquired IL&FS Investment, an Indian retail broking firm
In 2009, HSBC gathered awards, released solid financial results, provided
honest assessments of the economic landscape, supported victims of natural
disasters in the developing world
ASP PFS
GLOBAL PRODUCTS LINES & PROGRAM
• Group Service Centers :
It develops software for the entire HSBC group (Pune, India)
• HSBC Private Bank :
HSBC Private Bank is the group's private banking operation,
providing private banking and trustee services to wealthy
individuals and their families worldwide .
• HSBC Premier :
HSBC Premier is the group's premium financial services product
• HSBC Bank International:
HSBC Bank International is the offshore banking arm of the
HSBC Group, focusing on providing offshore solutions and
cross border services to expatriates and migrants.
ASP PFS
•HSBCnet:
HSBCnet is a global service that caters to local business needs by offering
specialized functionality for different regions worldwide.
•HSBC Direct :
HSBC Direct is a telephone/online direct banking operation which attracts
customers through mortgages, accounts and savings .
ASP PFS
SERVICES
• Personal financial services:
It including current and savings
accounts, mortgage loans, car financing, insurance, credit
cards, loans, pensions and investments.
• Commercial banking :
It including sole proprietors, partnerships,
clubs and associations, incorporated businesses and publicly quoted
companies.
• Global banking and markets
• Private banking :
HSBC Private Bank is the marketing name for
the private banking business conducted by the principal private banking
subsidiaries of the HSBC Group worldwide.
ASP PFS
NRI Services
• For NRIs in UK: The NRI can instruct HSBC Bank first direct to transfer funds from
his/her GBP account with HSBC Bank /first direct in UK using the bill payment module
available through Phone Banking and through Personal Internet Banking offered by
HSBC Bank first direct, to his or her account with HSBC in India(NR account) and this
will be done free. HSBC Bank first direct customers can also give these instructions using
the direct debit form on [Link] or by sending a cheque drawn on the NR's
account with HSBC Bank plc/first direct in UK.
• For NRIs in UAE: Transfers from the UAE are free only if the funds are transferred from
your AED account with HSBC Bank Middle East Limited to your own NR account with
HSBC India.
• For NRIs in HK: The transfers are free only if done from your HKD account with HSBC
Hong Kong to your NR account with The Hongkong and Shanghai Banking Corporation
Limited in India. Only transfers to an NR savings/current account can be done instantly.
Also, only transfer requests submitted before 3:55 p.m. for Monday to Friday or 11:55
a.m. for Saturday ( Hong Kong time) will be processed on the same day. All transfer
requests submitted afterwards will be processed on the next working day. The term
'working day' refers to a bank working day in both Hong Kong and India.
• For NRIs in Canada: Remittances from Canada are free only if the funds are transferred
from your CAD account with HSBC Bank Canada, to your own NR Account with HSBC
India.
ASP PFS
• HSBC's origins in India when the Mercantile Bank of
India was established in Mumbai. The Bank has since,
steadily grown in reach and service offerings, keeping
pace with the evolving banking and financial needs of its
customers
• Starting with an authorized capital of Rs 5 million.
• In India, the Bank offers a comprehensive suite of world-
class products and services to its corporate and
commercial banking clients as also to a fast growing
personal banking customer base.
ASP PFS
• International Payments and Cash Management
• Importing and Exporting
• Managing Foreign Exchange
• Managing International Risk
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AWARDS
Month Award Company / Body /
Entity Publication
November 2008 Best Consumer HSBC Group Global Finance
Internet Bank Magazine
July 2008 Top World Bank HSBC The Banker
July 2007 Best Cash HSBC Global Euromoney
Management Transaction
House Banking
February 2007 Best Project HSBC Amanah Euromoney
Finance House Islamic Finance
Awards
June 2006 Best Corporate HSBC Holdings IR magazine UK
governance plc Awards 2006
ASP PFS