Full form of HSBC

Hong Kong and Shanghai Banking Corporation is the full form of HSBC. The name is familiar and almost everyone has seen how the bank has mushroomed over the years. They are known for their cordiality and professionalism. The bank has reached the pinnacle of success in the banking sector and many budding bankers want to be associated or employed with HSBC. The services they provide are unparalleled. In the following lines, you will learn more about the bank, its services and more.

History of HSBC

  • March 3, 1865: Thomas Sutherland established the Hong Kong and Shanghai Bank in Hong Kong to provide proper banking services to the people.
  • 1866: The Hong Kong and Shanghai Bank was changed to the Hong Kong and Shanghai Banking Corporation.
  • 1875: By this year, HSBC had expanded its branches to continents such as Europe, Asia and North America.
  • 1900: In this year, General Manager Thomas Jackson expanded the bank to 16 countries with exchange and merchant banking services.
  • 1910: Began providing financial loans to national governments for infrastructure projects.
  • 1941: World War II affected his progress until this year, but in India, London and the USA.
  • 1950s: HSBC played a key role in boosting Hong Kong's economy.
  • 1980s: The bank brought Marine Midland Bank under its wing.
  • 1992: Bank headquarters moved to London.
  • Recent times: HSBC has grown its business and branches in China.
  • HSBC has won many awards for being one of the best banks to date. It has a great team that provides the best service to people all over the world.


Services provided by HSBC

HSBC happens to be a huge financial services organization that includes retail banking, global private banking, commercial banking and many others. Few basic services that you can avail from HSBC are

  • Cash Deposit and Withdrawal
  • Cheque Clearing
  • Credit and Debit Cards
  • Online Banking Support
  • Foreign Exchange
  • Issuing of Cheque Books
  • Fixed Deposit
  • Recurring Deposit
  • Demat Accounts
  • SmartMoney Accounts

You can trust bankers to give you sound and wise money advice.

Related Links

Frequently Asked Questions on Full form of HSBC