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HSBC
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HSBC

HSBC
HSBC
HSBC is one of the world's largest banking and financial services organisations, serving around 39 million customers across its wealth and personal banking, commercial banking and global banking & markets segments. The bank was established in Hong Kong in 1865 and now operates in 62 countries. In 1993, the lender moved its headquarters to London following its acquisition of Midland Bank in the UK.
CFO / Finance Director
Stuart Gulliver (Group Chief Executive)
Industry
Banking, Financial services
Website
hsbc.com
Headquarters address
8 Canada Square, Canary Wharf, London, United Kingdom
Stock Code
LSE:HSBA
SEHK:0005
NYSE:HSBC (ADR)
Year founded
3 March 1865
Deutsche Bank shuttered its Chongqing branch last month after closing its Qingdao branch earlier this year. Photo: Getty Images
Banking & finance

Foreign banks shrink China branch networks as growth remains subdued

Foreign lenders are closing branches and shifting to wealth management as weak returns put pressure on their China operations.

Hong Kong politics

Growing number of ex-officials enter Hong Kong Election Committee race

Banking & finance

HSBC to double Hong Kong AI team to 300, outpacing Singapore plan

Banking & finance

HSBC launches discretionary portfolio management service for retail investors

HSBC aims to lure younger, tech-savvy customers with discretionary investment service once only available to private bank clients.

A view of the HSBC headquarters in Central. Photo: Sun Yeung
HKEX

HKEX completes pilot green trading schemes with mainland China exchanges

Hong Kong Exchanges and Clearing’s Core Climate platform allows 15 firms to buy Green Electricity Certificates via Guangzhou Power Exchange.

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Wealth management

Former HSBC executive launches wealth platform powered by team of AI agents

Veteran banker says start-up aims to help ‘mass affluent’ investors manage portfolios, monitor risks and spot opportunities proactively.

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Old Hong Kong

Hong Kong’s historic vessels: from Victoria Harbour to Hollywood!

Hong Kong’s maritime heritage is embedded in the fabric of the city, but many of its hand-built wooden vessels have been lost to time and urban development. PostMag discovers how one dedicated organisation is racing to preserve this inimitable slice of boating history.

So Fong, a gaff-rigged schooner measuring 82 feet, was built in the 1930s. Photo: courtesy of Lusher Photography for HKHVF
So Fong was commissioned by American yachtsman A. Thornton Baker. Photo: courtesy of Lusher Photography for HKHVF
Java, a 1930s-era wooden vessel built by the Hong Kong and Whampoa Dock Company, sails by Hong Kong's Kwun Tong district. Photo: Alexander Mak
Many of the wooden and metal parts on Ariki III are original. Ariki III was constructed in 1939 at the Ah King shipyard to a design by American naval architect Ralph E. Winslow. Photo: Alexander Mak
Banking & finance

Hong Kong questions HSBC over plan to set up AI centre in Singapore: sources

HKMA raises questions over bank’s decision to establish an AI centre in Singapore despite Hong Kong being its largest market, sources say.

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Banking & finance

Mox, BOCHK, ZA Bank and Citibank apps land in Asia-Pacific top 10

HSBC’s app drops from third to eighth place among Hong Kong rivals as additional features translate to poor experience, consulting firm says.

Wealth management

Hong Kong banks set lures for golden week visitors despite new levies

Lenders are confident the mainland-related wealth business will remain a pillar for the industry regardless of Beijing’s tax crackdown.

Flags hang along Park Lane Shopper’s Boulevard in Tsim Sha Tsui on September 28, 2026, ahead of the golden week holiday. Photo: Kit Lai
Hong Kong economy

Hong Kong to expand IP financing sandbox after 7 firms secure cheaper loans

Scheme helps businesses secure larger loans at lower interest rates, as banks take companies’ IP valuations into account, HKMA says.

The International Finance Centre. The government has pledged to expand its intellectual property (IP) financing sandbox scheme. Photo: Karma Lo
Banking & finance

HSBC names its stablecoin for 3.3 million PayMe users: RedCoin

A survey by the lender shows that 74 per cent of customers know at least one use case, but there are also misunderstandings.

Banking & finance

AI uptake sees wealth management headcounts in Hong Kong trail growth in assets

Capco research finds that private wealth assets rose 24 per cent last year, but number of people employed by industry rose just 2 per cent.

Crime in Hong Kong

Whistle-blower Jason Poon and wife charged over HK$6 million Covid-19 loan fraud

Construction businessman and spouse Chu Shui-fong accused of submitting fake sales and salary records to defraud HSBC under government scheme.

Businessman Jason Poon leaves Kowloon City police station in March. Photo: Jelly Tse
Banking & finance

Why Hong Kong banks have shut down 40% of branches in recent years

With the ability to transfer funds at 2am and AI to help plan investments, branches on every corner no longer make sense, local bankers say.

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A person uses an ATM at a bank branch in Mong Kok. Photo: Eugene Lee
Banking & finance

HSBC, Hang Seng to unify staff benefits in Hong Kong from January, memos reveal

Move follows HSBC’s US$14 billion buyout of remaining Hang Seng shares, with the overhaul targeting US$900 billion in combined synergies by 2028.

Mainland China

PBOC pledges further opening-up to foreign financial institutions

PBOC governor Pan Gongsheng vows to promote ‘high-level financial opening-up’ in meeting with foreign banks and investment firms.

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Banking & finance

Double blow as top HSBC bankers lose education perk as job fears mount: sources

HSBC axes education benefits worth up to HK$300,000 as integration with Hang Seng Bank threatens jobs – but investors stay upbeat.

The HSBC headquarters in Central, Hong Kong. Photo: Sun Yeung
Hong Kong property

Hong Kong property market gets reprieve on rates, for now

Major banks hold rates steady despite Fed action, but some sellers and buyers are already anticipating increases later, agents say.

Hong Kong Monetary Authority (HKMA)

In wake of US rate hikes, Hong Kong dollar may come under pressure: HKMA

HSBC and other major banks keep prime rates unchanged after HKMA raises base rate by a quarter-point in lockstep with Fed.

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John Lee policy address 2026

Hong Kong targets gold trading, FPS-UnionPay link to boost yuan use

‘We will consolidate and enhance Hong Kong’s status as an international financial centre,’ John Lee says.

The HKMA will promote linking the Faster Payment System with mainland China’s bank card and payment system UnionPay by the end of the year. Photo: Nora Tam
Crime in Hong Kong

Over 700 cardholders report unauthorised iPhone pre-order charges worth HK$14.7m

Some report multiple transactions on their credit cards, while an expert says fraudsters may have exploited pre-order rush for Apple’s new iPhones.

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The pre-order rush for the new iPhone 18 Pro Max has led to some Hongkongers’ credit cards being used to make unauthorised purchases. Photo: EPA
China consumption

Improving migrant workers’ lives key to boosting Chinese consumption: HSBC

Report says reforms aimed at reducing their high precautionary savings rate could unlock US$95 billion a year in spending.

Education in Hong Kong

Editorial | Hong Kong is building a two-way global education highway

The inaugural Global Education Summit highlighted the city’s efforts to align with the nation’s goals and consolidate its position as a global education and talent hub.

US-China relations

Huawei racketeering trial in US enters second day of testimony

Prosecutors allege a 20-year ‘culture of crime’, while defence says Huawei’s success was built on innovation, not theft.

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Huawei Technologies is facing a landmark criminal trial in the US on charges including bank fraud, money laundering and racketeering conspiracy. Photo: Reuters
Banking & finance

UBS ends fund sales on a wealth platform in China amid stiff competition

Change is part of ‘business integration plan’ aimed at ‘optimising’ the wealth-management business, Swiss bank says.

Swiss bank is giving up on its WE.UBS platform in China in an adjustment that began a few months ago, according to a source familiar with the matter. Photo: Reuters
Z.ai

Are Chinese AI stars Z.ai and MiniMax stuck in losses through 2030?

As both firms mature beyond early growth, an analyst says the industry is looking for a better metric for valuations.

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Banking & finance

Chinese firms’ green-tech expansion hinges on Hong Kong: bankers

Offshore yuan liquidity makes city a ‘superconnector’, but finding projects with strong returns is now the challenge, senior bankers say.

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