HSBC BANK OF HONG KONG
HSBC is a bank whose history began in Hong Kong a little over 150 years ago. HSBC Bank was founded in 1865 and has financed all of China’s trade with its European countries since its inception. That is, HSBC was literally at the origins of China’s modern economic power.
After 150 years, HSBC has evolved from a simple bank into a powerful conglomerate serving, according to various sources, from 110 to 125 million customers, providing premium banking services.
In the Forbes Global list, HSBC ranked 4th in terms of assets in the world, 15th in the “Most Valuable Brand” category, and 26th in terms of bank profitability.
Against this background, the 36th place out of 2,000 global companies by capitalization looks quite natural.
At a time when most of the world’s banks are being shaken by the crisis, forcing them to balance on the brink of bankruptcy, HSBC is showing steady growth in all major indicators. The bank’s assets rose to $2.35 trillion, profit reached $9.3 billion, and revenue was $88 billion.
The bank operates in 87 countries with about 10,000 branches. The headquarters of the bank is located in London.
HSBC features:
- Contracts and financial operations of the bank are considered to be benchmarks for the global financial market;
- The bank operates in accordance with generally accepted standards of transparency of procedures;
- The most liberal taxation among European countries;
- High liquidity;
- Minimal bureaucratic barriers;
- The bank operates in accordance with the principles of corporate responsibility;
- The peculiarity of the bank is a high level of customer service.
To open an account with HSBC, the following package of documents is required:
- Package of constituent documents, both copies and originals of papers:
- Registration certificate;
- Charter;
- Apostilled Certificate of Good Standing for companies less than a year old;
- Protocol of the constituent assembly with an apostille in the prescribed form;
- Protocol on the approval of the director of the company, also with an apostille;
- Copy of the international passport of the representative of the company, notarized at the embassy;
- Power of attorney in the name of the responsible person with an apostille;
- If available – license for the company’s activities;
- Forms D1, D2A, D2B of the annual report, form AR1, form SC1. When providing copies, they must be apostilled and translated;
- Plan and prospects for the development of the company;
- Passport details and addresses of all persons having the right to sign for the company, including authorized employees.
Clients are served in two languages - English and Chinese.
After the entire package of documents is provided, the account opening procedure begins which can take up to four weeks. At the final stage, the personal presence of the client is mandatory.
In order for employees to start considering an application for opening an account, in addition to the package of documents, it is necessary to make a minimum deposit of $6,500 or its equivalent in Hong Kong dollars.
Oleg Venediktov
General counsel of VIP Departament
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