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. The inspiration behind the founding of the bank was Thomas Sutherland, a Scot who was then working for the Peninsular and Oriental Steam Navigation Company. He realized that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later.
Soon after its formation the bank opened agencies and branches around the world. Although that network reached as far as Europe and North America, the emphasis was on building up representation in China and the rest of the Asia-Pacific region. HSBC was a pioneer of modern banking practices in a number of countries. In Japan, where a branch was established in 1866, the bank acted as adviser to the government on banking and currency. In 1888, it was the first bank to be established in Thailand, where it printed the country¡¦s first banknotes.
From the outset trade finance was a strong feature of the local and international business of the bank, an expertise that has been recognized throughout its history. Bullion, exchange, merchant banking and note issuing also played an important part. By the 1880s, the bank was acting as banker to the Hong Kong government and also participated in the management of British government accounts in China, Japan, Penang and Singapore. In 1874 the bank handled China¡¦s first public loan and thereafter issued most of China¡¦s public loans.
By the end of the century, after a strong period of growth and success under the leadership of Thomas Jackson (chief manager for most of that period from 1876 to 1902), the bank was the foremost financial institution in Asia.
Today with its headquarters in London, HSBC is one of the largest banking and financial service organizations in the world. HSBC's international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings are held by nearly 200,000 shareholders in some 10...
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... learning experience for me and I have enjoyed every minute of it. What I liked most probably were the people that I worked with. Without a fun group of people at work, work is not going to be an enjoyable place to go for you. The people here have been great and have helped me out in every way that I needed. What I liked the least was probably having do to a lot of the same everyday. After a while it got kind of repetitious but I didn¡¦t mind it that much, just would have liked to do some various things here and there.
This experience in a way has affected my career choice. I would love to continue to work for a company such as HSBC and they are giving me every opportunity to as I have applied for about 5-6 positions already within the company ranging from Chicago down to Charlotte. This internship has made me more focused on my career now and it has showed me that I can do much more. I graduate from college in December and would love to have a job locked up by the time I get out. I know through hard work and having patience, I will be able to do so. I am glad that I was able to work here and would love to continue my young career here at HSBC.
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