HSBC

Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC’s international network comprises around 8,000 offices in 87 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 plc are held by around 220,000 shareholders in 119 countries and territories. The shares are traded on the New York Stock Exchange in the form of American Depositary Receipts.

Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

Within insurance, HSBC offers home, life and travel insurance. In November 2019, HSBC launched a monthly subscription insurance bundle called Select and Cover. The new service starts at £19.50 and offers users the choice of combining mobile phone, gadget, life, excess protection, motor breakdown, home emergency and travel insurance.

In August 2021 HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid increasing tension in China. The acquisition will make HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 million.