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Text of the page (random words):
about hsbc hsbc hong kong hsbc cookie policy hsbc uses cookies to give you the best possible experience on our websites see our cookie policy enable cookies search hsbc in hong kong news and media investor relations english 繁體 简体 personal business hsbc in hong kong hsbc in hong kong the hongkong bank foundation news and media news and media investor relations investor relations information for shareholders results quick read our investment case investor factbooks search hsbc in hong kong news and media investor relations english 繁體 简体 personal business hsbc in hong kong hsbc in hong kong the hongkong bank foundation news and media news and media investor relations investor relations information for shareholders results quick read our investment case investor factbooks skip to main content language selector personal business search english english languageselectoractivelanguage 繁體 简体 menu hsbc in hong kong hsbc in hong kong the hongkong bank foundation news and media investor relations investor relations information for shareholders results quick read our investment case investor factbooks share share on x share on facebook share on linkedin hsbc in hong kong the hongkong and shanghai banking corporation limited is the founding member of the hsbc group established in 1865 to finance the growing trade between asia and europe it has become the biggest bank incorporated in hong kong the bank provides a range of personal commercial and corporate banking financial services across asia hsbc is known in cantonese as wayfoong which means focus of wealth or abundance of remittances hsbc s history hsbc s founder thomas sutherland was a scotsman working in hong kong for a large shipping firm he saw that better banking facilities would support hong kong s commercial growth sutherland s vision was for a new bank owned and managed locally which would support international trade on 3 march 1865 hsbc opened for business at 1 queen s road central the bank built a succession of modern head offices on the site the third generation head office completed in 1935 was the first air conditioned building in hong kong hong kong s economy was dominated by shipping and merchant trading to stimulate and accelerate this trade hsbc issued banknotes in hong kong and mainland china which were trusted by local merchants as a stable currency hsbc quickly became hong kong s principal note issuer and remains so today the bank faced its greatest test during the second world war most of its asia network closed and many staff were interned the bank survived because of large reserves and prudent forward planning for example deciding to move the head office to london when the war ended the head office moved back to hong kong and the bank supported the city s reconstruction including lending money to restore public utilities reopen the port and restart the star ferry service hsbc aided hong kong s reinvention as a postwar manufacturing centre granting loans to build cotton mills and textile factories at the heart of this industrialisation lay the bustling district of mong kok where hsbc opened a branch in 1948 to better serve hong kong s growing population the bank began expanding its retail branch network throughout the territory from the late 1950s the bank began to grow and diversify by acquiring other banks including hong kong s hang seng bank in 1965 responding to the chinese government s open door policy in 1979 the bank opened a representative office in guangzhou as many of its customers began to relocate their operations from hong kong to mainland china hsbc continued to invest and grow in hong kong and the surrounding region into the 21st century hong kong remains the headquarters of the hongkong and shanghai banking corporation and the bank is committed to the future of its birthplace financial information for group s financial information please visit the investor relations section on our global corporate website please visit subsidiary company reporting page for hang seng bank limited and the hongkong and shanghai banking corporation limited and the hongkong and shanghai banking corporation limited macau branch please note this is english language only the hongkong bank foundation established in 1981 by hsbc the hongkong bank foundation has supported over 10 000 philanthropic projects which aim to foster innovative ideas tackle social and environmental issues and enable progress in underserved communities in hong kong current headquarters to support the bank s growth into a global financial institution hsbc invested in new headquarters lord norman foster s design was a demonstration of the bank s commitment to hong kong 1 queen s road central the all steel structure stands 180m high across 52 floors 4 of which are subterranean the building broke many construction records and included many design innovations the lifts were built with technology used in the nasa space program and were originally transparent the 1 million square feet of steel skin wrapped around the structure was the biggest cladding project ever attempted the building has 62 escalators which at the time of construction was the most on any single site in the world the hongkong and shanghai banking corporation limited board of directors board of directors pdf 24kb for details about hsbc s global operations and group board members go to our corporate website please note this is english language only insight on hsbc com quantum computers chatgpt moment is coming 15 march 2024 the world is on the cusp of a quantum revolution and we must be ready for the opportunities and threats that will bring says philip intallura indecision is australia inc s biggest risk 6 march 2024 the government and businesses must work in tandem to avoid missing out on enticing opportunities in southeast asia says antony shaw humans machines an ethical ai future 12 february 2024 it s vital that when humans and machines work together artificial intelligence is used responsibly and ethically says ej achtner privacy and security terms of use hyperlink policy hsbc group 2024 you are leaving about hsbc com hk please be aware that the external site policies or those of another hsbc group website may differ from this website s terms and conditions and privacy policy the next website will open in a new browser window or tab note hsbc is not responsible for any content on third party sites nor does a link suggest endorsement of those sites and or their content i understand let s proceed cancel
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