# HSBC

> British multinational bank

**Wikidata**: [Q190464](https://www.wikidata.org/wiki/Q190464)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/HSBC)  
**Source**: https://4ort.xyz/entity/hsbc

## Summary
HSBC is a British multinational bank founded in 1865 as the Hong Kong and Shanghai Banking Corporation Limited. It operates as a global financial institution with a presence in over 60 countries, offering banking, investment, and financial services. The company is listed on the London Stock Exchange and is a major player in the financial sector, known for its extensive network of subsidiaries and international operations.

## Key Facts
- **Founded**: 1865 as the Hong Kong and Shanghai Banking Corporation Limited
- **Headquarters**: 8 Canada Square, Canary Wharf, London, United Kingdom
- **Industry**: Banking, financial services
- **Employees**: Approximately 241,000 (2023)
- **Revenue**: $82.5 billion (2023)
- **Net Profit**: $15.3 billion (2023)
- **Total Assets**: $2.69 trillion (2023)
- **Stock Exchange Listings**: London Stock Exchange, Hong Kong Stock Exchange, New York Stock Exchange
- **Subsidiaries**: HSBC Bank USA, HSBC Bank Canada, HSBC Bank Middle East, HSBC Continental Europe, Hang Seng Bank
- **Countries of Operation**: Over 60 countries
- **CEO**: Noel Quinn (since 2018)
- **Website**: [hsbc.com](https://hsbc.com/)
- **Wikidata Description**: British multinational bank
- **Sitelink Count**: 60 (Wikipedia language editions)

## FAQs
**What is the primary business of HSBC?**
HSBC operates as a global financial institution, providing banking, investment, and financial services to individuals, businesses, and institutions. It offers a wide range of products and services, including retail banking, commercial banking, wealth management, and investment banking.

**Where is HSBC headquartered?**
HSBC's headquarters is located at 8 Canada Square, Canary Wharf, London, United Kingdom. The building is a notable skyscraper in the financial district of London.

**How many countries does HSBC operate in?**
HSBC operates in over 60 countries, with a significant presence in Asia, Europe, the Americas, and the Middle East. Its subsidiaries and branches provide local banking services tailored to each market.

**What are some of HSBC's major subsidiaries?**
HSBC has numerous subsidiaries, including HSBC Bank USA, HSBC Bank Canada, HSBC Bank Middle East, HSBC Continental Europe, and Hang Seng Bank. These subsidiaries operate in their respective regions and offer banking services to local customers.

**What is HSBC's revenue and net profit?**
In 2023, HSBC reported a revenue of $82.5 billion and a net profit of $15.3 billion. These figures reflect the company's financial performance and its position as a major player in the global banking sector.

**Who is the current CEO of HSBC?**
Noel Quinn has been the CEO of HSBC since 2018. He has overseen the company's strategic initiatives and growth in the global financial market.

**What is the total number of employees at HSBC?**
HSBC employs approximately 241,000 people worldwide, reflecting its extensive operations and global presence.

## Why It Matters
HSBC plays a crucial role in the global financial system, providing essential banking and financial services to millions of customers. As a multinational corporation, it facilitates international trade, investment, and economic growth by offering a wide range of financial products and services. The company's extensive network of subsidiaries and branches ensures that it can serve diverse markets and meet the unique needs of its customers. HSBC's commitment to innovation and customer service has made it a trusted name in the banking industry, contributing significantly to the economic stability and development of the regions it operates in.

## Notable For
- **Global Presence**: HSBC operates in over 60 countries, making it one of the most internationally diversified banks in the world.
- **Historical Significance**: Founded in 1865, HSBC has a long history of providing financial services and has adapted to the changing needs of its customers over the years.
- **Financial Performance**: HSBC consistently reports strong financial performance, with significant revenue and net profit figures.
- **Innovation**: The company is known for its innovative financial products and services, which cater to the evolving needs of its customers.
- **Corporate Social Responsibility**: HSBC is committed to corporate social responsibility, with initiatives aimed at promoting financial inclusion, gender equality, and sustainable development.
- **Awards and Recognition**: HSBC has received numerous awards and recognition for its outstanding contributions to the banking industry and its commitment to corporate social responsibility.

## Body

### Overview
HSBC, originally known as the Hong Kong and Shanghai Banking Corporation Limited, is a British multinational bank founded in 1865. The company has evolved significantly over the years, expanding its operations to over 60 countries and becoming a major player in the global financial sector. HSBC offers a wide range of banking and financial services, including retail banking, commercial banking, wealth management, and investment banking.

### History
HSBC was founded in 1865 as the Hong Kong and Shanghai Banking Corporation Limited. The company was established to provide banking services to merchants and traders in Hong Kong and Shanghai. Over the years, HSBC has expanded its operations, acquiring other banks and financial institutions to strengthen its position in the global financial market. The company's headquarters is located at 8 Canada Square, Canary Wharf, London, United Kingdom.

### Operations and Subsidiaries
HSBC operates in over 60 countries, with a significant presence in Asia, Europe, the Americas, and the Middle East. The company has numerous subsidiaries, including HSBC Bank USA, HSBC Bank Canada, HSBC Bank Middle East, HSBC Continental Europe, and Hang Seng Bank. These subsidiaries provide local banking services tailored to each market, ensuring that HSBC can meet the unique needs of its customers.

### Financial Performance
HSBC consistently reports strong financial performance, with significant revenue and net profit figures. In 2023, the company reported a revenue of $82.5 billion and a net profit of $15.3 billion. These figures reflect the company's financial strength and its position as a major player in the global banking sector. HSBC's total assets amount to $2.69 trillion, further underscoring its financial stability and growth.

### Leadership
Noel Quinn has been the CEO of HSBC since 2018. He has overseen the company's strategic initiatives and growth in the global financial market. Under his leadership, HSBC has continued to expand its operations and enhance its financial services offerings.

### Corporate Social Responsibility
HSBC is committed to corporate social responsibility, with initiatives aimed at promoting financial inclusion, gender equality, and sustainable development. The company works with various organizations and partners to address social and environmental issues, contributing to the well-being of communities and the planet.

### Awards and Recognition
HSBC has received numerous awards and recognition for its outstanding contributions to the banking industry and its commitment to corporate social responsibility. The company's innovative financial products and services have also earned it a reputation as a trusted and reliable financial institution.

### Global Presence
HSBC's global presence is a testament to its success and adaptability in the international financial market. The company's extensive network of subsidiaries and branches ensures that it can serve diverse markets and meet the unique needs of its customers. HSBC's commitment to innovation and customer service has made it a trusted name in the banking industry, contributing significantly to the economic stability and development of the regions it operates in.

## References

1. [Source](http://www.hsbc.com/~/media/hsbc-com/investorrelationsassets/hsbc-results/2016/annual-results/hsbc-holdings-plc/170221-annual-report-and-accounts-2016)
2. [Source](https://www.unepfi.org/net-zero-banking/members/)
3. [Source](https://www.lobbyfacts.eu/datacard/hsbc-holdings-plc?rid=001866415031-87)
4. [Source](https://invenio.bundesarchiv.de/basys2-invenio/direktlink/a3818d4f-6d78-47f2-ba47-0df63df26244/)
5. [Confirman ante la Justicia que la UIF no sancionó al HSBC por no reportar operaciones de narco-lavado](https://www.lanacion.com.ar/politica/confirman-ante-la-justicia-que-la-uif-no-reporto-a-un-banco-por-operaciones-de-narco-lavado-nid14052021/)
6. [HSBC's history. HSBC](https://www.hsbc.com/about-hsbc/company-history/hsbc-history)
7. [Source](https://www.google.com/finance/quote/HSBC:NYSE)
8. [HSBC Holdings Plc. and HSBC Bank USA N.A. Admit to Anti-Money Laundering and Sanctions Violations, Forfeit $1.256 Billion in Deferred Prosecution Agreement | OPA | Department of Justice](https://www.justice.gov/opa/pr/hsbc-holdings-plc-and-hsbc-bank-usa-na-admit-anti-money-laundering-and-sanctions-violations)
9. [Source](https://www.hsbc.com/who-we-are/leadership/noel-quinn)
10. GRID Release 2017-01-10
11. [Source](https://www.nyse.com/quote/XNYS:HSBC)
12. [Source](https://www.hsbc.com/who-we-are/leadership/mark-e-tucker)
13. [HSBC's history. HSBC](http://www.hsbc.com/about-hsbc/company-history/hsbc-history)
14. Freebase Data Dumps. 2013
15. [Source](https://www.macrotrends.net/stocks/charts/hsbc/hsbc/number-of-employees)
16. [Source](https://www.sec.gov/Archives/edgar/data/1089113/000162828018001920/filing20flivegroupq42017doc.htm)
17. [Source](https://www.sec.gov/Archives/edgar/data/1089113/000162828019001584/livehsbcgroup20ffiling.htm)
18. [Source](https://www.sec.gov/ix?doc=/Archives/edgar/data/1089113/000162828021003046/hsbc-20201231.htm)
19. [Source](https://www.sec.gov/ix?doc=/Archives/edgar/data/1089113/000108911322000002/hsbc-20211231.htm)
20. [Source](https://www.annualreports.com/HostedData/AnnualReportArchive/h/NYSE_HBC_1991.pdf)
21. [2025](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2024/annual/pdfs/hsbc-holdings-plc/250219-annual-report-and-accounts-2024.pdf?download=1)
22. [Form 10-K. 2019](https://www.sec.gov/Archives/edgar/data/1089113/000162828019001584/livehsbcgroup20ffiling.htm)
23. [Form 10-K. 2020](https://www.sec.gov/Archives/edgar/data/1089113/000162828020001784/liveprojgroup20ffiling20.htm)
24. [Form 10-K. 2021](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001089113/000162828021003046/hsbc-20201231.htm)
25. [Form 10-K. 2022](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001089113/000108911322000002/hsbc-20211231.htm)
26. [annual report. 2023](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2022/annual/pdfs/hsbc-holdings-plc/230221-annual-report-and-accounts-2022.pdf)
27. [Source](https://www.marketscreener.com/HSBC-HOLDINGS-4001224/company/)
28. GRID Release 2016-12-06
29. Quora
30. Aligned ISNI and Ringgold identifiers for institutions
31. [Source](https://www.advratings.com/top-asset-management-firms)
32. Via P227 lookup with GND value from PM20 folder. 20th Century Press Archives
33. [Source](https://www.sec.gov/edgar/browse/?CIK=1089113)
34. Microsoft Academic Knowledge Graph
35. [Working at HSBC | Glassdoor](https://www.glassdoor.sg/Overview/Working-at-HSBC-EI_IE3482.11,15.htm?countryRedirect=true)
36. Name Suggestion Index
37. YouTube API
38. Virtual International Authority File
39. [OpenAlex](https://docs.openalex.org/download-snapshot/snapshot-data-format)
40. [HSBC Careers and Employment | Indeed.com](https://sg.indeed.com/cmp/HSBC)
41. Wikirate