Page 31 - HSBC (D) Case Study

Timeline

1860s The bank owed its origins to the business communities
of the China coast in the 1860s.

• Transactions were handled by the European

trading houses.
• The inspiration of Thomas Sutherland, then

the Hong Kong Superintendent of the

peninsular and Oriental Steam Navigation
Company.

1865 Mar The bank opened for business in Hong Kong.

• The bank is committed to local ownership and
management requiring a special arrangement

for incorporation.

• The bank’s directors persuaded the Treasury
in London to accept incorporation under a

special Hong Kong ordinance.

• The Bank established a network of agents and
branches around the world

1866 In Yokohama, Japan, a branch was opened which acted

as an adviser to the government on banking and
currency.

1888 First bank to be established in Thailand, where it

printed the country’s first banknotes

1900 Branch network in Asia extended to India

• 1867, the Philippines

• 1875 and Singapore
• 1877, and to cities in what are now

Malaysia, Myanmar, Sri Lanka and Vietnam.

1992 Acquisition of Midland Bank