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introduction of HSBC in Hong Kong! for example how many branches are there etc. (80-100 words)

introduction of HSBC in Hong Kong! for example how many branches are there etc.
(80-100 words)

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Expert Solution

HSBC is named for its founder partner, The Hong Kong and Shanghai Banking Corporation Limited, which was founded in 1865 to fund the through trade between Europe, India and China.

Thomas Sutherland, a Scot who then served for the Peninsular and Oriental Steam Navigation Company was the impetus behind the bank's founding. He realized there was considerable demand for local banking facilities in Hong Kong and on the coast of China, and he helped establish the bank that opened a month later in Hong Kong and Shanghai.

Under the HSBC name, the bank operates a network of about 220 branches across the Hong Kong SAR, from which it offers a wide variety of financial products and services. The bank was known in its native city by the name HongkongBank for some time in the late 1980s and early 1990s, though it is now listed as HSBC. It also followed the idiosyncratic custom of naming its ATMsElectronic Teller Card (ETC) devices during that time period.

Rahul Sunny answered 8 months ago
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