Provider Insights

Geographical Focus:

HSBC operates in 62 countries and territories worldwide, serving around 39 million customers.

History and Development:

Founded in 1865 in Hong Kong and Shanghai, HSBC expanded over the years, becoming a global financial institution. Key historical milestones include the opening of its first branch in 1865, surviving the economic challenges of the early 20th century, and expanding its international network post-World War II.

Corporate Growth and Expansion:

HSBC grew through acquisitions, such as Midland Bank in 1992, and expanded into new territories like the Middle East and India. In the late 20th and early 21st centuries, it focused on building a strong presence in Asia and established HSBC Bank China in 2007.

Current Strategy and Outlook:

HSBC aims to be the preferred international financial partner, with a focus on Asia and wealth management. It plans to digitize at scale, energize for growth, and lead in the transition to net zero. As of 2023, HSBC holds assets of $3.0 trillion and has adopted a unified global brand.