What is HSBC? HSBC Review, Features

HSBC is a foreign bank and one of the largest banking and financial services institutions in the world.

About HSBC

HSBC serves approximately 39 million customers through three global businesses: Wealth Management and Personal Banking, Commercial Banking, and Global Banking and Markets. Our business network spans Europe, Asia, the Middle East and Africa, North America and Latin America, covering 62 countries and regions around the world.

HSBC Holdings plc is listed on the London, Hong Kong, New York and Bermuda stock exchanges, with approximately 180,000 shareholders in 126 countries and regions around the world.

HSBC’s new “e HSBC” cross-border e-commerce payment service is the first one-stop payment solution directly connected to a cross-border e-commerce platform. It does not require account opening or handling fees, and the payment process is shorter and simpler, with no worries about foreign exchange settlement.

HSBC's mission

"Connecting the world and creating new opportunities" is HSBC's mission and the value of the Group. We use our unique expertise, capabilities, broad vision and diverse perspectives to create new opportunities for our customers. We gather talents, brainstorm and capital to promote business development and growth, and create a better future for the Group's customers, employees, investors, communities and the world.

HSBC's Mission

Connecting the world and creating new opportunities

We are committed to bringing our unique expertise, capabilities, networks and insights to create new opportunities for our clients. We bring together people, ideas and capital to drive progress and growth, helping to create a better world for our clients, employees, investors, communities and the planet we live in.

Development History

• HSBC takes its name from its founding member, the Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to provide financing services for the growing trade between Europe, India and China.

• The idea of ​​establishing HSBC originated from Thomas Sutherland, a Scotsman who was working for the Iron and Steel Shipping Company at the time. He realized that there was a great need for local bank financing in Hong Kong and coastal areas of mainland China, and helped to establish HSBC. HSBC opened in Hong Kong in March 1865, and a branch in Shanghai opened a month later.

• Soon after its founding, HSBC opened branches in many places to expand the scope of its customer services. From the beginning, trade financing has been a major feature of HSBC's local and international business, and it is also a recognized advantage throughout HSBC's history. By the end of the 19th century, HSBC had become Asia's leading financial institution.

• The 20th century was marked by challenges and change, from international conflict to the Great Depression of the 1930s. By the end of the century, HSBC had transformed itself from a major regional bank into a leading global financial institution through growth, acquisitions and diversification.

• HSBC established a new holding company, HSBC Holdings plc, in 1991 and acquired full control of Midland Bank in 1992. HSBC subsequently established its headquarters in London.

• In November 1998, HSBC announced the adoption of HSBC and the hexagonal logo as a unified brand for use across its global operations, with the aim of raising awareness of the HSBC brand among customers, shareholders and employees around the world.

• HSBC’s extraordinary experience has given it a unique advantage. Times have changed and HSBC has experienced many challenges - revolutions, economic crises, new technologies, but HSBC’s flexibility and continued growth have enabled it to cope with the challenges of the 21st century.

Service Content

1. Open an account at 0, and receive payments more conveniently: there is no need to open an additional virtual electronic account or register a third-party payment wallet.

2. 0 transfer, safer transactions: There is no overseas intermediary bank, the payment link is simple and direct, there is no overseas funds transfer, the transaction is transparent, safe and controllable, and there is no third-party payment channel access.

3. 0 fees, more significant benefits: no withdrawal fees, no domestic and international transfer fees, and more favorable exchange rates.

4. 0 obstacles, more efficient experience: no need to bind a store, complete the collection and settlement of exchange based on the electronic transaction information, and assist sellers to automatically conduct electronic transactions.