HSBC

HSBC Holdings plc

Headquarters at 8 Canada Square in Canary Wharf, London
Company type	Public
Traded as	LSE: HSBA SEHK: 5 NYSE: HSBC BSX: HSBC.BH FTSE 100 component (HSBA) Hang Seng component (5)
Industry	Financial services
Founded	First established on 3 March 1865; 160 years ago (1865-03-03) in British Hong Kong[1] (as The Hongkong and Shanghai Bank) First incorporated on 14 August 1866; 158 years ago (1866-08-14)[2] (as The Hongkong and Shanghai Banking Corporation) 25 March 1991; 34 years ago (1991-03-25)[1][3] in London (as HSBC Holdings plc, as parent holding company to the entity in Hong Kong now as a subsidiary)
Founder	Sir Thomas Sutherland
Headquarters	8 Canada Square, London, England , United Kingdom
Area served	Worldwide
Key people	Sir Mark Tucker (Group Chairman) Georges Elhedery (Group Chief Executive)
Products	Asset management Banking Commodities Credit cards Equities trading Insurance Investment management Mortgage loans Private equity Wealth management
Revenue	US$62.440 billion (2024)[4]
Operating income	US$32.309 billion (2024)[4]
Net income	US$24.999 billion (2024)[4]
Total assets	US$3.017 trillion (2024)[4]
Total equity	US$192.273 billion (2024)[4]
Number of employees	221,000 (2025)[5]
Subsidiaries	Subsidiaries Hang Seng Bank HSBC Bank Australia HSBC Bank Argentina HSBC Bank Bermuda HSBC Bank India HSBC Bank Hong Kong HSBC Trinkaus HSBC Bank Malaysia HSBC México HSBC Bank Middle East HSBC Sri Lanka HSBC Bank USA HSBC Finance HSBC UK M&S Financial Services HSBC Innovation Bank Limited[6]
Website	hsbc.com

HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is one of the largest Europe-based bank by total assets under management (AUM), ahead of BNP Paribas, with US$3.098 trillion as of September 2024. Also putting it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.^[7]

In 2021, HSBC had $10.8 trillion in assets under custody (AUC) and $4.9 trillion in assets under administration (AUA).^[4]

HSBC traces its origin to a hong trading house in British Hong Kong. The bank was established in 1865 in Hong Kong and opened branches in Shanghai in the same year.^[1] It was first formally incorporated in 1866.^[8] In 1991, the present parent legal entity, HSBC Holdings plc, was established in London and the historic Hong Kong–based bank from whose initials the group took its name became that entity's fully-owned subsidiary.^[9][10][11] The next year (1992), HSBC took over Midland Bank and thus became one of the largest domestic banks in the United Kingdom.

HSBC has offices, branches and subsidiaries in 62 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 39 million customers.^[12] As of 2023, it was ranked no. 20 in the world in the Forbes rankings of large companies ranked by sales, profits, assets, and market value.^[13] HSBC has a dual^[14] primary listing on the Hong Kong Stock Exchange and London Stock Exchange and is a constituent of the Hang Seng Index and the FTSE 100 Index. It has secondary listings on the New York Stock Exchange, and the Bermuda Stock Exchange.