The Hongkong and Shanghai Banking Corporation Limited

banking services company based in Hong Kong

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The Hongkong and Shanghai Banking Corporation Limited

banking services company based in Hong Kong

6members1here now

Ask Genius

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The Hongkong and Shanghai Banking Corporation Limited· Business · 39 sources · Jul 23, 2026Story

US tariffs Singapore; Allianz buys HSBC Singapore insurer

The US has imposed a 12.5% tariff on Singapore over forced-labor concerns, while Allianz agreed to buy HSBC’s Singapore Life unit for about US$2.9 billion, reflecting a broader push to streamline portfolios in Singapore. HSBC’s sale, including a 15-year exclusive bancassurance distribution deal, is part of its strategy to free capital and focus on core markets, potentially boosting CET1 and enabling higher returns.

Business· Jul 23, 2026

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About The Hongkong and Shanghai Banking Corporation Limited

The Hongkong and Shanghai Banking Corporation Limited, commonly abbreviated as HSBC and formerly known as HongkongBank, is the Hong Kong–based Asia-Pacific subsidiary of the British HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.

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