Is HSBC a British or Chinese bank?

Is HSBC a Chinese bank?

HSBC Bank (China) Company Limited started operations on 2 April 2007 as a locally incorporated foreign bank. It is owned by the Hongkong and Shanghai Banking Corporation Limited, the founding member of the HSBC Group, which was established in Hong Kong and Shanghai in 1865.

Is HSBC a Hong Kong bank?

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.

Is HSBC a UK bank?

HSBC Holdings plc is a British multinational investment bank and financial services holding company. … As of 2020, it was the world’s sixth largest bank by total assets and market capitalization.

Which banks are British owned?

Top 5 British Owned banks

  • HSBC. 126. 1,936.
  • Lloyds Banking Group. (Bank of Scotland/Halifax) 53.5. 817.
  • Barclays. 43.6. 1,203.
  • Royal Bank of Scotland Group. Natwest, Ulster Bank. 42.0. 783.
  • Standard Chartered.

Is HSBC a Indian Bank?

HSBC Bank India, an Indian subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in Mumbai. It is a foreign bank under the Banking Regulation Act, 1949 and thus is regulated by the Reserve Bank of India (RBI).

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Is HSBC big in USA?

The company has 159 branch locations. On May 26, 2021, HSBC announced that they would abandon the United States retail market as part of a pivot to Asia.


Type Subsidiary of HSBC Holdings plc
Number of locations 148 Branches (as of 2021)
Key people Michael Roberts (Chairman, President, and CEO)

Is HSBC a reputable bank?

Beyond offerings through HSBC Direct, most HSBC banking products are average at best compared to other banks. … If you’re looking for a full-service bank for more than just checking and savings accounts, HSBC fits the bill. It’s also a top choice if you’re interested in an international bank.

Is HSBC a European bank?

HSBC Bank plc is a British multinational banking and financial services organisation. HSBC’s international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.

Is HSBC in Portugal?

HSBC BANK PLC | Banco de Portugal.

What is the origin of HSBC?

HSBC was founded by Thomas Sutherland, a young Scotsman working in Hong Kong for a large shipping firm. He had never held a bank account himself, but while sailing along the South China coast in 1864, he read an article on Scottish banking that inspired him.

What kind of bank is HSBC?

HSBC Holdings PLC is a multinational investment bank and financial services institution. The company’s lines of business include retail banking and wealth management, commercial banking, global banking and markets, and global private banking.

Is HSBC an international bank?

HSBC Premier is designed to give you and your family a range of international banking services, with exclusive privileges.

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Which bank is best in UK?

We have used this data and shown the top ranking UK banks in the list below.

The UK’s top banks by assets in 2021.

Rank Bank Total assets (€bn)
1 HSBC Holdings PLC 2439.55
2 Barclays PLC 1506.24
3 Lloyds Banking Group PLC 972.45
4 Natwest Group PLC 892.34