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Introduction
Historically, the Hong Kong and Shanghai Banking
Corporation, was established on the back of the drug trade.
Founded in 1865, HSBC became the major commercial bank
in colonial China after the conclusion of the Second Opium
War.
Today HSBC is one of the world’s biggest banks “with more
than 284,000 employees, over 6,900 offices around 80
countries spread over Europe, Asia-Pacific, Americas, Middle
East and Africa.” (5, 6) Its parent corporation, HSBC Holdings
plc, is headquartered in London, and its Chief Executive
Officer is located in Hong Kong.
HSBC operates through four Global Businesses:
