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HSBC (Hong Kong)

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" Mainland China ", also referred to as " the Chinese mainland ", is a geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War . In addition to the geographical mainland, the geopolitical sense of the term includes islands such as Hainan , Chongming , and Zhoushan . By convention, territories outside of mainland China include:

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70-598: The Hongkong and Shanghai Banking Corporation Limited ( Chinese : 香港上海滙豐銀行有限公司 ), commonly abbreviated as HSBC and formerly known as HongkongBank ( Chinese : 滙豐 ; Cantonese Yale : Wuihfūng ; styled Wayfoong by the bank), is the Hong Kong –based Asia-Pacific subsidiary of the HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout

140-683: A Chinese bank. The industry considered this move, giving HSBC a lead in the race to grab pieces of mainland China's banking market. A year earlier, HSBC had joined with Hong Kong's Shanghai Commercial Bank to purchase an 11% stake in Bank of Shanghai (HSBC paid US$ 62.6 million for an 8% stake) and US$ 733 million for a 10% stake in Ping An Insurance . On 1 April 2007, the mainland China offices of The Hongkong and Shanghai Banking Corporation transferred to its subsidiary HSBC Bank (China), and it started operations on 2 April. In July 2022, HSBC became

210-503: A certain extent in South Korea , remain virtually identical to traditional characters, with variations between the two forms largely stylistic. There has historically been a debate on traditional and simplified Chinese characters . Because the simplifications are fairly systematic, it is possible to convert computer-encoded characters between the two sets, with the main issue being ambiguities in simplified representations resulting from

280-699: A full service bank with its headquarters in Collyer Quay . It opened its doors in December 1877. In 2016, HSBC has created a locally incorporated bank in Singapore and has moved its retail and wealth business from HSBC Singapore Branch to the locally incorporated bank. Today, HSBC's flagship office remains at the original Collyer Quay site where its first branch was opened. Its main office is located at Mapletree Business City in Pasir Panjang , HarbourFront . HSBC Singapore

350-655: A good number of ATM booths in the cities present, it also has booths in most five star hotels. HSBC Bangladesh is rated 'AAA' in the Long-term and ST-1 rating in the Short-term, which are the highest level of ratings for any bank or financial institution in Bangladesh. HSBC Bangladesh has a help centre which operates on a daily basis. It is one of the very few banks in the country to offer day night banking. It also has begun to support education initiatives for people with disabilities;

420-577: A larger business in Japan than HSBC and in line with a global business restructuring it announced that will see it cut 30,000 jobs as it pares back small or inefficient operations. HSBC's operations in New Zealand are as a branch of The Hongkong and Shanghai Banking Corporation, which first gained a licence from the Reserve Bank of New Zealand on 22 July 1987. Today HSBC offers a range of financial products from

490-576: A network of 9 offices. HSBC's history in the Philippines dates back more than 110 years with the establishment of their first branch no. 90 Rosario Street (Now Quintin Paredes Street) in Binondo, Manila in 1875. In its early years of operation, HSBC serviced the booming Philippine sugar industry. At the turn of the century, it financed railways that connected provincial towns across Luzon to Manila. During

560-655: A number of HSBC banks operating in various countries and holding the group's stakes in further lenders, particularly in China . Operations of the group in the Asia Pacific are under this subsidiary, and it forms the regional headquarters for Asia Pacific . This means that it is responsible for entities such as HSBC Bank Australia Limited , Hang Seng Bank Limited , HSBC Bank (China) Company Limited , HSBC Bank Malaysia Berhad (since 2009), HSBC Bank (Vietnam), HSBC Bank (Taiwan) and HSBC Insurance (Asia-Pacific) Holdings Limited , and

630-468: A social payment app in Hong Kong, available to all non-HSBC users. HSBC Insurance provides insurance products and services to international and local brokers, agents and direct customers in Hong Kong , mainland China , Macau , Singapore , India and Malaysia . The Hongkong and Shanghai Banking Corporation maintains a network of around 600 offices in 20 countries in Asia Pacific, as well as owning of

700-475: A subsidiary) ever since. It is the founding member of the HSBC group of banks and companies, and, since 1990, is the namesake and one of the leading subsidiaries of the London-based HSBC Holdings . The company's business ranges from the traditional High Street roles of retail banking , commercial banking , corporate banking to investment banking , private banking and global banking. Under

770-750: Is 産 (also the accepted form in Japan and Korea), while in Hong Kong, Macau and Taiwan the accepted form is 產 (also the accepted form in Vietnamese chữ Nôm ). The PRC tends to print material intended for people in Hong Kong, Macau and Taiwan, and overseas Chinese in traditional characters. For example, versions of the People's Daily are printed in traditional characters, and both People's Daily and Xinhua have traditional character versions of their website available, using Big5 encoding. Mainland companies selling products in Hong Kong, Macau and Taiwan use traditional characters in order to communicate with consumers;

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840-419: Is a Qualifying Full Bank and offers a comprehensive range of financial services including commercial banking, investment and private banking, insurance, forfaiting and trustee services, and securities and capital markets services. The retail and wealth business operated through the locally incorporated bank has 12 branches incorporating 10 HSBC Premier Centres and 33 Automated Teller Machines in Singapore. In

910-605: Is an island, but is nevertheless commonly considered to be part of the "mainland" politically, because its government, legal and political systems do not differ from the rest of the PRC. Nonetheless, Hainanese people still refer to the geographic mainland as "the mainland" and call its residents "mainlanders". Before 1949, the Kinmen and Matsu islands, were jointly governed with the rest of Fujian Province under successive Chinese governments. The two territories are generally considered to belong to

980-624: Is located in No 1 Queen's Road Central in the Central district on Hong Kong Island . It was also home to HSBC Holdings 's headquarters until the latter firm's move to London to meet the requirements of the UK regulatory authorities after the acquisition of the Midland Bank in 1992. It was designed by British architect Norman, Lord Foster , and was the most expensive building in the world based on usable floor area at

1050-541: Is regulated by the Ministry of Education and standardized in the Standard Form of National Characters . These forms were predominant in written Chinese until the middle of the 20th century, when various countries that use Chinese characters began standardizing simplified sets of characters, often with characters that existed before as well-known variants of the predominant forms. Simplified characters as codified by

1120-483: The Chinese Commercial News , World News , and United Daily News all use traditional characters, as do some Hong Kong–based magazines such as Yazhou Zhoukan . The Philippine Chinese Daily uses simplified characters. DVDs are usually subtitled using traditional characters, influenced by media from Taiwan as well as by the two countries sharing the same DVD region , 3. With most having immigrated to

1190-719: The Chinese Civil War . This forced the Kuomintang to relocate the government and institution of the Republic of China to the relative safety of Taiwan , an island which was placed under its control after the surrender of Japan at the end of World War II in 1945. With the establishment of the People's Republic of China on October 1, 1949, the CCP-controlled government saw itself as the sole legitimate government of China, competing with

1260-582: The Hiroo , Akasaka , Marunouchi (flagship), Ginza , Yokohama , Ikebukuro , areas of Tokyo and one in Kobe . In December 2011, HSBC announced to selling its private bank in Japan to Swiss peer Credit Suisse for an undisclosed sum, but at the end of October 2011 the value of the gross assets included in the sale was about $ 2.7 billion. It was a strategy to cut $ 3.5 billion annual costs by quitting businesses or countries where it lacks scale which Credit Suisse has

1330-598: 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 . The Hongkong and Shanghai Bank was established in British Hong Kong in 1865 and was incorporated as The Hongkong and Shanghai Banking Corporation in 1866, and has been based in Hong Kong (although now as

1400-646: The Kensiu language . Mainland China In Taiwan it is also often used to refer to all territories administered by the PRC. The term is widely used in all of the above territories as well as internationally, including by many Overseas Chinese communities. In 1949, the Chinese Communist Party (CCP) and the People's Liberation Army had largely defeated the Kuomintang (KMT)'s National Revolutionary Army in

1470-711: The People's Republic of China are predominantly used in mainland China , Malaysia, and Singapore. "Traditional" as such is a retronym applied to non-simplified character sets in the wake of widespread use of simplified characters. Traditional characters are commonly used in Taiwan , Hong Kong , and Macau , as well as in most overseas Chinese communities outside of Southeast Asia. As for non-Chinese languages written using Chinese characters, Japanese kanji include many simplified characters known as shinjitai standardized after World War II, sometimes distinct from their simplified Chinese counterparts . Korean hanja , still used to

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1540-635: The Second World War , it was again forced to close in the mid-1960s, however the bank was granted a new banking licence in 1968 its operations have grown to make it one of the largest foreign banks operating in Indonesia. HSBC opened its first Japan operations in Yokohama in 1866, followed by branches in other trading ports such as Osaka , Kobe and Nagasaki . It was heavily involved in the early development of Japan's current monetary system, and consulted with

1610-622: The Shanghainese -language character U+20C8E 𠲎 CJK UNIFIED IDEOGRAPH-20C8E —a composition of 伐 with the ⼝   'MOUTH' radical—used instead of the Standard Chinese 嗎 ; 吗 . Typefaces often use the initialism TC to signify the use of traditional Chinese characters, as well as SC for simplified Chinese characters . In addition, the Noto, Italy family of typefaces, for example, also provides separate fonts for

1680-538: The inland but still translated mainland in English, is commonly applied by SAR governments to represent non-SAR areas of PRC, including Hainan province and coastal regions of mainland China, such as "Constitutional and Mainland Affairs" ( 政制及內地事務局 ) and Immigration Departments. In the Mainland and Hong Kong Closer Economic Partnership Arrangement (as well as the Mainland and Macau Closer Economic Partnership Arrangement )

1750-589: The " one country, two systems " policy adopted by the Chinese government towards the regions. The term is also used in economic indicators, such as the IMD Competitiveness Report. International news media often use "China" to refer only to mainland China or the People's Republic of China. The Exit and Entry Administration Law of the People's Republic of China ( Chinese : 中华人民共和国出境入境管理法 ) defines two terms in Chinese that are translated to "mainland": In

1820-903: The 1960s, a group of Indonesian forces bombed the HSBC building in Singapore, just a few months after Singapore was granted its independence from Malaysia. A number of people were killed and the two military officers responsible for the bombing were tried and executed. HSBC is expanding in competitive South Korean market, operating from a network of 11 branches, the first having been opened in Jemulpo in 1897. HSBC has been present in Sri Lanka for 120 years. The Hongkong and Shanghai Banking Corporation Limited established its first branch in Colombo Sri Lanka on 1 July 1892, just 27 years after it began operating in Hong Kong and Shanghai. It has established itself as one of

1890-563: The American regime, HSBC was called to advise on Philippine currency reform. Its current headquarters are in Fort Bonifacio . Today, HSBC Philippines operates in key Philippine cities such as Cebu and Davao . It has ended Citibank and Standard Chartered 's duopoly on international banking in the Philippines. In Singapore , The Hongkong and Shanghai Banking Corporation Limited operates as

1960-677: The CPG also uses the Chinese characters 内地 "inner land", with the note that they refer to the "customs territory of China". References to the PRC and other lost continental territories as the mainland began appearing in Taiwan state documents as early as 1954. Legal definitions followed in the 1990s. The 1991 Additional Articles of the Constitution of the Republic of China stated that "the handling of people's rights and obligations and other affairs between

2030-476: The HSBC brand, the bank maintains a network of around 220 branches throughout Hong Kong, from which it offers a wide range of financial products and services. For some time in the late 1980s and early 1990s, the bank was known by the name HongkongBank in its native city, although it now trades as HSBC. During that period, it also adopted the idiosyncratic practice of calling its ATMs Electronic Teller Card (ETC) machines. The HSBC Hong Kong headquarters building

2100-549: The PRC government refers to itself as "the Central People's Government". In the People's Republic of China, the term 内地 (Nèidì, 'inland') is often contrasted with the term 境外 ('outside the border') for things outside the mainland region. Examples include "Administration of Foreign-funded Banks" ( 中华人民共和国外资银行管理条例 ; 中華人民共和國外資銀行管理條例 ) or the "Measures on Administration of Representative Offices of Foreign Insurance Institutions" ( 外国保险机构驻华代表机构管理办法 ; 外國保險機構駐華代表機構管理辦法 ). Hainan

2170-638: The PRC, usage of the two terms is not strictly interchangeable. To emphasise the One-China policy and not give the ROC "equal footing" in cross-strait relations , the term must be used in PRC's official contexts with reference to Taiwan (with the PRC referring to itself as the "mainland side" dealing with the "Taiwan side"). In fact, the PRC government mandates that journalists use “Taiwan” and “the Mainland” (Dàlù) as corresponding concepts. But in terms of Hong Kong and Macau,

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2240-498: The People's Republic of China, traditional Chinese characters are standardised according to the Table of Comparison between Standard, Traditional and Variant Chinese Characters . Dictionaries published in mainland China generally show both simplified and their traditional counterparts. There are differences between the accepted traditional forms in mainland China and elsewhere, for example the accepted traditional form of 产 in mainland China

2310-612: The Regulations on People Relations between Taiwan and mainland China defined the mainland as areas claimed but not controlled by the ROC, corresponding to "areas under control of the Chinese Communists " (within the de facto borders of the People's Republic of China ). Views of the term "mainland China" ( 中國大陸 ) vary on Taiwan. During the Dangguo era , the KMT had previously referred to

2380-661: The State Bank of Vietnam (SBV) to set up a Wholly Foreign-Owned Bank (WFOB) in Vietnam in September 2008. In 1991, the superseding position of group chairman of HSBC was formed; since then, the chairman of the Hongkong and Shanghai Banking Corporation has been held as an independent position, held concurrently by the chief executive of the Hongkong and Shanghai Banking Corporation, or held by the group chief executive of HSBC ex-officio. In 1991,

2450-521: The United States during the second half of the 19th century, Chinese Americans have long used traditional characters. When not providing both, US public notices and signs in Chinese are generally written in traditional characters, more often than in simplified characters. In the past, traditional Chinese was most often encoded on computers using the Big5 standard, which favored traditional characters. However,

2520-484: The bank have been offered fair redundancy packages. On 9 and 10 November 2017, all HSBC Brunei branches and ATMs had ceased its operations. The remaining accounts were all transferred to the local, Baiduri Bank on the same date. HSBC established its Shanghai branch office on 3 March 1865 and has had a continuous presence in the city since then, except during the Japanese Occupation. Until the economic reforms of

2590-534: The bank recently partnered with the Blind Education and Rehabilitation Development Organisation to give scholarships to people with blindness. On 6 April 2016, HSBC Brunei commenced winding down its operation in Brunei as a part of HSBC Group global review. The bank which comprise retail, commercial and global banking services will no longer take on any new accounts, facilities or business from that date. Employees of

2660-610: The bank. Although the Hong Kong Government changed the official spelling of "Hongkong" to "Hong Kong", by the instructions of the Secretary of State for the Colonies , on 3 September 1926, HSBC uses the older Hongkong , as the bank's name was conceived before the official declaration of the modern two-word name, and it was decided to retain the single word spelling in the bank's name: Hongkong . The English humorist P. G. Wodehouse

2730-523: The claims of the Republic of China, whose authority is now limited to Taiwan and other islands . This resulted in a situation in which two co-existing governments competed for international legitimacy and recognition as the "government of China". With the democratisation of Taiwan in the 1990s and the rise of the Taiwanese independence movement, some people began simply using the term "China" instead. Due to their status as colonies of foreign states during

2800-444: The establishment of the People's Republic of China in 1949, the phrase "mainland China" excludes Hong Kong and Macau . Since the return of Hong Kong and Macau to Chinese sovereignty in 1997 and 1999 , respectively, the two territories have retained their legal, political, and economic systems. The territories also have their distinct identities. Therefore, "mainland China" generally continues to exclude these territories, because of

2870-606: The first commercial bank in the country. HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. For example, in 1889 HSBC issued the first banknotes in Thailand. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. HSBC's main branch office in Thailand is situated in Bangkok on Rama IV Road opposite Lumpini Park. In 2011, Phase 2 of

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2940-829: The first foreign lender to open a Chinese Communist Party (CCP) committee in its Chinese investment banking subsidiary. The subsidiary, HSBC Qianhai Securities, is a 90% HSBC-owned joint venture. In 1959 HSBC acquired The Mercantile Bank of India, London and China , established in October 1853 in Bombay . HSBC is now one of the fastest growing foreign banks in India, both in domestic banking and support operations for worldwide operations (see Group Service Centres ). The Hongkong and Shanghai Banking Corporation opened its first Indonesian office in Jakarta in 1884. Having been able to restart its operations after

3010-574: The free area and the mainland can be specially stipulated by law", and used the legal term "mainland area" without defining its geographical boundaries. The 1992 Regulations on the Relations between the People in Taiwan and the Mainland defined "Taiwan" as areas controlled by the ROC and "mainland" as "the territory of the Republic of China." The related Cross-Strait Act called those under PRC jurisdiction - excluding those in Hong Kong and Macau - as "people of

3080-406: The government regarding fiscal policy, currency printing and related matters. HSBC does not conduct ordinary retail banking in Japan, but conducts investment banking in Tokyo and Osaka . Since 2007 it has expanded its HSBC Premier private banking services for the " Mass affluent " market or high-net-worth individual clients. HSBC Premier has seven Premier branches in Japan including centers in

3150-493: The inverse is equally true as well. In digital media, many cultural phenomena imported from Hong Kong and Taiwan into mainland China, such as music videos, karaoke videos, subtitled movies, and subtitled dramas, use traditional Chinese characters. In Hong Kong and Macau , traditional characters were retained during the colonial period, while the mainland adopted simplified characters. Simplified characters are contemporaneously used to accommodate immigrants and tourists, often from

3220-762: The largest and most profitable banks operating in the country. It has achieved leadership in Corporate Banking, Capital Markets and Credit Card issuance. HSBC's presence in Taiwan dates back to 1885 when The Hongkong and Shanghai Banking Corporation appointed an agent in Tamsui . A full service branch was established in Taipei in 1984. The bank now has a network of 8 branches (Hyperlink to service channel) nationwide, including Taipei, Jianguo , Banqiao , Tianmu , Taoyuan , Taichung , Tainan , and Kaohsiung . In 2007, The Hongkong and Shanghai Banking Corporation acquired The Chinese Bank in Taiwan. The acquisition made HSBC's nationwide branch network increase to 47. HSBC initially opened for business in Thailand in 1888, becoming

3290-407: The largest joint stock commercial banks in Vietnam by equity. In July 2007, HSBC became the first foreign bank to increase its stake in Techcombank to 15%. In September 2008, HSBC completed the increase of its stake in Techcombank to 20%, became the first foreign bank in Vietnam to hold a 20% interest in a domestic bank. In September 2007, HSBC acquired 10% share capital of Bao Viet Holdings, becoming

3360-443: The late 1970s, its activities were mainly in inward remittances and export bills, however its activities now span a wider range. On 6 August 2004, HSBC announced that it would pay US$ 1.75 billion for a 19.9% stake in Shanghai-based Bank of Communications. At the time of the announcement, Bank of Communications was China's fifth-largest bank and the investment by HSBC was eight times bigger than any previous foreign investment in

3430-416: The mainland area", and used " free area of the Republic of China " to describe areas under ROC control. The issue on the mainland's territory also stated in the Judicial Yuan Interpretation No. 328 in 1993. In 2012, the Supreme Court of the Republic of China 's judgment #900 labeled the Macao Special Administrative Region as the "Mainland's Macau Area". The 2002 amendments to the Implementation Rules of

3500-725: The mainland. The increasing use of simplified characters has led to concern among residents regarding protecting what they see as their local heritage. Taiwan has never adopted simplified characters. The use of simplified characters in government documents and educational settings is discouraged by the government of Taiwan. Nevertheless, with sufficient context simplified characters are likely to be successfully read by those used to traditional characters, especially given some previous exposure. Many simplified characters were previously variants that had long been in some use, with systematic stroke simplifications used in folk handwriting since antiquity. Traditional characters were recognized as

3570-682: The majority of Chinese text in mainland China are simplified characters , there is no legislation prohibiting the use of traditional Chinese characters, and often traditional Chinese characters remain in use for stylistic and commercial purposes, such as in shopfront displays and advertising. Traditional Chinese characters remain ubiquitous on buildings that predate the promulgation of the current simplification scheme, such as former government buildings, religious buildings, educational institutions, and historical monuments. Traditional Chinese characters continue to be used for ceremonial, cultural, scholarly/academic research, and artistic/decorative purposes. In

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3640-403: The management of stakes in Bank of Communications (19.9%), Barrowgate Limited (24.64%) and Industrial Bank . But excluding the majority of the HSBC's Private Banking business in Asia Pacific. HSBC started operations in 1996. The bank primarily focuses on urban areas and has branches in most areas of the capital city of Dhaka , it also has branches in the city of Chittagong . The bank also has

3710-916: The merging of previously distinct character forms. Many Chinese online newspapers allow users to switch between these character sets. Traditional characters are known by different names throughout the Chinese-speaking world. The government of Taiwan officially refers to traditional Chinese characters as 正體字 ; 正体字 ; zhèngtǐzì ; 'orthodox characters'. This term is also used outside Taiwan to distinguish standard characters, including both simplified, and traditional, from other variants and idiomatic characters . Users of traditional characters elsewhere, as well as those using simplified characters, call traditional characters 繁體字 ; 繁体字 ; fántǐzì ; 'complex characters', 老字 ; lǎozì ; 'old characters', or 全體字 ; 全体字 ; quántǐzì ; 'full characters' to distinguish them from simplified characters. Some argue that since traditional characters are often

3780-605: The new Financial Sector Master Plan allowed foreign banks to open up to two branches in the Kingdom of Thailand in preparation for full retail operations. Accordingly, a second branch was opened on Thonglor (Sukhumvit 55) in early 2011. In January 2012 HSBC announced the sale of its Thailand retail banking operations to the Krungsri Group ( Bank of Ayudhya ) and its intention to maintain only corporate banking business in Thailand. Its 2 retail branches will be closed in March and June 2012 respectively. In Vietnam, HSBC first opened an office in Saigon (now Ho Chi Minh City) in 1870, but it

3850-412: The north of the New Territories ). Additionally, the islands contained within Hong Kong (e.g. Hong Kong Island ) and Macau are much closer to mainland China than Taiwan and Hainan, and are much smaller. In Hong Kong and Macau, the terms "mainland China" and "mainlander" are frequently used for people from PRC-governed areas (i.e. not Taiwan, Hong Kong, and Macau). The Chinese term Neidi ( 內地 ), meaning

3920-556: The official script in Singapore until 1969, when the government officially adopted Simplified characters. Traditional characters still are widely used in contexts such as in baby and corporation names, advertisements, decorations, official documents and in newspapers. The Chinese Filipino community continues to be one of the most conservative in Southeast Asia regarding simplification. Although major public universities teach in simplified characters, many well-established Chinese schools still use traditional characters. Publications such as

3990-700: The original standard forms, they should not be called 'complex'. Conversely, there is a common objection to the description of traditional characters as 'standard', due to them not being used by a large population of Chinese speakers. Additionally, as the process of Chinese character creation often made many characters more elaborate over time, there is sometimes a hesitation to characterize them as 'traditional'. Some people refer to traditional characters as 'proper characters' ( 正字 ; zhèngzì or 正寫 ; zhèngxiě ) and to simplified characters as 簡筆字 ; 简笔字 ; jiǎnbǐzì ; 'simplified-stroke characters' or 減筆字 ; 减笔字 ; jiǎnbǐzì ; 'reduced-stroke characters', as

4060-569: The same historical region, Fujian Province, which has been divided since 1949 as a result of the civil war. However, because they are not controlled by the PRC, they are not included as part of "mainland China." Hong Kong and Macau have been territories of the PRC since 1997 and 1999 respectively. However, due to the One Country, Two Systems policy, the two regions maintain a degree of autonomy, hence they are not governed as part of mainland China. Geographically speaking, Hong Kong and Macau are both connected to mainland China in certain areas (e.g.

4130-412: The sole foreign strategic partner of Vietnam's leading insurance company. In October 2009, HSBC signed an agreement to increase its shareholding in Bao Viet Holdings to 18% from 10% for VND1.88 trillion (approximately US$ 105.3 million). On 1 January 2009, HSBC started operating its locally incorporated entity and became the first foreign bank to incorporate in Vietnam, after gaining approval from

4200-490: The superseding position of group chief executive of HSBC was formed, with the Chief Executive of the Hongkong Shanghai Banking Corporation now being the Asia-Pacific regional head. In Hong Kong, the local population sometimes refers to the bank as 獅子銀行, "the Lion Bank", after the pair of lion sculptures outside the bank's headquarters, which also appear in some banknotes. Local films and television series set in Hong Kong, especially comedies, use this nickname when referring to

4270-413: The term "China" ( 中國 ). The former term is generally preferred by the Pan-Blue Coalition led by the KMT, while the latter term is preferred by the Pan-Green Coalition led by the Democratic Progressive Party (DPP), which opposes the term "mainland" and its suggestion that Taiwan is part of China. This has caused many political debates. Other geography-related terms which are used to avoid mentioning

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4340-527: The territories under the control of the Chinese Communist Party (CCP) by several different names, e.g. "(territory controlled by the) Communist bandits ", "occupied/unfree area (of China)", "Communist China" (as opposed to either "Nationalist China" or "Democratic China"), "Red China" (as opposed to "Blue China"), and "mainland China (area)". In modern times, many of these terms have fallen out of use. The terms "mainland China" ( 中國大陸 ) or "the mainland" ( 大陸 ) still remain in popular use, but some also simply use

4410-521: The time it was built. HSBC is one of the three commercial banks which are authorised to issue banknotes for Hong Kong - the other two being the Bank of China (Hong Kong) and Standard Chartered Bank (Hong Kong) . Of the total notes in circulation measured by value, HSBC is the most prolific issuer, its notes representing 67.7% of those in issue. Hong Kong is unusual in that it is one of the few countries or territories where commercial banks are still permitted to issue their own banknotes. In June 2023, it

4480-528: The traditional character set used in Taiwan ( TC ) and the set used in Hong Kong ( HK ). Most Chinese-language webpages now use Unicode for their text. The World Wide Web Consortium (W3C) recommends the use of the language tag zh-Hant to specify webpage content written with traditional characters. In the Japanese writing system , kyujitai are traditional forms, which were simplified to create shinjitai for standardized Japanese use following World War II. Kyūjitai are mostly congruent with

4550-819: The traditional characters in Chinese, save for minor stylistic variation. Characters that are not included in the jōyō kanji list are generally recommended to be printed in their traditional forms, with a few exceptions. Additionally, there are kokuji , which are kanji wholly created in Japan, rather than originally being borrowed from China. In the Korean writing system , hanja —replaced almost entirely by hangul in South Korea and totally replaced in North Korea —are mostly identical with their traditional counterparts, save minor stylistic variations. As with Japanese, there are autochthonous hanja, known as gukja . Traditional Chinese characters are also used by non-Chinese ethnic groups. The Maniq people living in Thailand and Malaysia use Chinese characters to write

4620-412: The ubiquitous Unicode standard gives equal weight to simplified and traditional Chinese characters, and has become by far the most popular encoding for Chinese-language text. There are various input method editors (IMEs) available for the input of Chinese characters . Many characters, often dialectical variants, are encoded in Unicode but cannot be inputted using certain IMEs, with one example being

4690-418: The words for simplified and reduced are homophonous in Standard Chinese , both pronounced as jiǎn . The modern shapes of traditional Chinese characters first appeared with the emergence of the clerical script during the Han dynasty c.  200 BCE , with the sets of forms and norms more or less stable since the Southern and Northern dynasties period c.  the 5th century . Although

4760-404: Was a junior employee at the bank's London office in Lombard Street from 1900 to 1902, and used the bank as an inspiration for some of his early work, especially his 1910 novel Psmith in the City . Traditional Chinese characters Traditional Chinese characters are a standard set of Chinese character forms used to write Chinese languages . In Taiwan , the set of traditional characters

4830-429: Was closed in 1975. In 1992, HSBC reopened a representative office in Ho Chi Minh City and opened another in Hanoi. In August 1995, HSBC opened a full-service branch in Ho Chi Minh City. In 2005, HSBC also opened its second branch in Hanoi and established a representative office in Can Tho . On 29 December 2005, HSBC acquired 10% share capital of Vietnam Technological and Commercial Joint Stock Bank ( Techcombank ), one of

4900-434: Was reported that HSBC had closed the bank accounts of the pro-democracy League of Social Democrats (LSD), and had refused to give reasons for its decision. HSBC acquired a 62.14%, controlling interest in the local Hang Seng Bank in 1965 during a crisis of the latter. The Hang Seng Index for stock prices in Hong Kong is named after the Hang Seng Bank. In 2017, HSBC launched the PayMe brand and mobile app, which features as

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