The HSBC Group is named after its founding member, The Hong Kong and Shanghai Banking Corporation Limited. It was established to finance the growing trade between China and Europe and was the inspiration of the Hong Kong Superintendent of the Peninsular and Oriental Steam Navigation Company, Thomas Sutherland.
The bank first opened for business in Hong Kong, and was shortly followed by a second office in Shanghai. It became a pioneer of modern banking practices and to this day maintains its position as one of the foremost financial institutions in the dynamic markets of Asia-Pacific.
HSBC has maintained a presence in Europe since the opening of the London office of The Hong Kong and Shanghai Banking Corporation in July 1865. However, through the acquisition of other banks and companies, HSBC's history in this region can be traced back to the late 18th century. It was the acquisition of Midland Bank in 1992 which transformed our reputation in Europe and placed us among the leading financial institutions in the world.