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HSBC ’ s complex history is reflected in its name , deriving from the Hongkong and Shanghai Banking Corporation , now its subsidiary company . Performing banking and financial services , it operates within four major areas of banking : commercial , investment , retail and private . Headquartered in London , the company employed 235,000 worldwide in 2018 . In the same year , its revenue reached $ 53.8bn . The bank credits founding in Hong Kong as integral to its worldwide outlook , saying “ the experiences of the past 150 years have helped form the bank ’ s character across the world ”. Its market value amounts to $ 200.3bn . JUNE 2019