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Saturday, 3 June 2017

HSBC: Honkong and Shanghai Banking Corporation

HSBC engaged with banking solutions. It is world's seventh largest bank as far as total assets are concerned. HSBC having its headquarter in London, United Kingdom. It has been established by The Hongkong and Shanghai Banking Corporation in 1991.

Originally HSBC based in Hongkong and lesser extent in Shanghai, where first branch of bank has been started in 1865.

Thus, The name HSBC has been derived from the initials of Honkong and Shanghai Banking Corporation.

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