HSBC stands for Hong Kong and Shanghai Banking Corporation.
|Full Form||Hong Kong and Shanghai Banking Corporation|
|Category||Business » Companies & Corporations|
What is HSBC?
HSBC is a multinational banking and financial services group with operations in more than 200 countries and territories.
Hong Kong and Shanghai Banking Corporation (HSBC) is a multinational financial services company with operations in Hong Kong and Shanghai, China. The company is one of the world’s largest banks, with total assets of US$2.9 trillion as of November 2017. HSBC is also one of the world’s biggest providers of banking services to businesses and consumers.
HSBC operates two main businesses: global banking and global markets. The global banking business provides financial services to corporate and institutional customers around the world. The global markets business offers products and services that help corporations raise capital by offering securities, derivatives, asset management, hedge funds, and other financial products.
HSBC has a long history of serving the needs of customers around the world. The bank has pioneered many new technologies, such as electronic banking, mobile banking, and online trading. HSBC also has a strong commitment to community involvement, with programs that help promote education and entrepreneurship among young people in underserved areas around the world.
Overall, HSBC is a leading bank that provides quality products and services to customers around the globe.