HSBC China is a division of HSBC Holdings plc, one of the world’s largest banking and financial services organizations. The division operates in mainland China under the legal name “The Hongkong and Shanghai Banking Corporation Limited”. It serves customers through its network of over 60 branches, 1,500 ATMs and 4,700 employees across 25 cities in mainland China.
HSBC China provides personal banking solutions such as savings accounts, current accounts (RMB & foreign currency), credit cards, mortgages and insurance products to individual customers. Business banking solutions are also available for corporate clients including depository services (cash management & trade finance), lending services (working capital loans & term loans) and international trade capabilities. Customers can access their account information online via internet banking or mobile app while they can manage their finances more effectively with the help of digital tools such as i-Trade platform for trading stocks on Chinese stock exchanges.
For cross-border payments between different countries around the world it offers global liquidity management service which enables companies to make payments swiftly in local currencies without having any physical presence there. Furthermore customers may benefit from various wealth management offerings including portfolio construction advice tailored according to customer’s goals as well as other asset allocation strategies aimed at optimizing returns while minimizing risks associated with investments.
Finally HSBC China supports various philanthropic activities that aim at improving people’s livelihoods by investing in education initiatives, social enterprises and sustainable development projects across Asia Pacific region especially those concerning financial inclusion of disadvantaged groups like small business owners living in rural areas .
