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Hong Kong & Shanghai Banking Corporation (HSBC)

1. The HSBC Group
- The HSBC Group is named after its founding member, The Hong Kong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China.
- Is based in Hong Kong, where the bank’s business has been physically conducted, and with a large network of branches in Asia, a very large London branch office, and several US branches, plus a subsidiary bank in California and a representative office in New York.
- HSBC carries its business in Hong Kong dollars, US dollars, European currencies and Japanese yen.
- Some of HSBC activities: receives deposits from local (Chinese) individuals and companies; loaned the money to both local borrowers and international banks in the Eurocurrency market; finances exports and imports with firms in the countries of the British Commonwealth (Great Britain and its former colonies)
- HSBC has been operating in the United......

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Approximate Word Count: 1854
Approximate Pages: 8 (250 words per double-spaced page)

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