Saturday, May 23, 2009

"HSBC" Bank

Have you ever heard of HSBC Bank? Did you wonder what "HSBC" Means? Do you know that this bank was founded and once headquarted in Hong Kong, my hometown?

You may be surprised this bank which claimed one of the largest in the world coming from a city about a little bit over 1,000 sq. km. (less than 400 sq. miles).

"HSBC" means The Hongkong and Shanghai Banking Corporation.

But why is "Shanghai" part of the name? This involved the history of China and Hong Kong.

Shanghai has been a prosperous city for years. When the communist came to China, many riches migrated to either Hong Kong or Taiwan.

For those decided to stay in Hong Kong back in the mid 1940s founded this bank. When China and Britain were negotiating the handover of Hong Kong to China, HSBC decided to move its headquarter to England.

Believe it or not, this is the story about this largest bank in the world and I am so proud of it coming from my hometown.

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