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

Thomas Sutherland, a Scot who was working as the Hong Kong Superintendent of the Peninsular and Oriental Steam Navigation Company, recognised that there was considerable demand for local banking facilities in Hong Kong and along the China coast. He played a leading role in establishing the new bank and The Hongkong and Shanghai Banking Corporation opened for business in Hong Kong in March 1865 with its headquarters at 1 Queen's Road Central.

It began issuing bank notes in Hong Kong and China that year to stimulate and accelerate trade and quickly became Hong Kong’s principal note issuer.

In 1935, HSBC redeveloped its head office, creating Hong Kong’s first air-conditioned building.

During the Second World War, the bank was forced to move its head office from Hong Kong to London. However, it moved back in 1946 and HSBC played a key role in the reconstruction of the Hong Kong economy after the war.

In 1965, HSBC bought a controlling interest in Hang Seng Bank, which had been founded in Hong Kong in 1933.

HSBC Holdings plc established its global headquarters in the UK after the acquisition of Midland Bank in 1992. The Hong Kong office remains the headquarters of the Hongkong and Shanghai Banking Corporation, however, and HSBC is committed to the future of its birthplace.

Financial information

For financial information please visit the investor relations  section on our global corporate website. This includes financial and regulatory reports , results for Hang Seng Bank Limited and The Hongkong and Shanghai Banking Corporation Limited and the Hongkong and Shanghai Banking Corporation Limited - Macau branch.


Community

Find out about the work that HSBC and its employees do in the community, including information about the Hongkong Bank Foundation.

Current headquarters

The bank’s office in Hong Kong is still at the same address as when it was first founded.  The current building, designed by Lord Norman Foster, opened in 1986.

The building has 52 floors, 62 escalators and accommodates 5,000 staff. It is made of 27,000 tonnes of steel and 32,000m2 of glass. All internal walls are made of movable partitions so that office layouts can be changed and modified as required.

Lord Foster was also commissioned to design the main HSBC office in London.

1 Queen’s Road Central

  • 178.8 metres high
  • 34 metres below ground
  • 52 levels
  • 5,000 staff
  • 27,000 tonnes of steel
  • 30,000 tonnes of aluminium
  • 35,000 m3 of concrete
  • 32,000 m2 of glass

For details about HSBC’s global operations and Group board members, go to our corporate website . Please note this is English language only.

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