CURRENT AFFAIRS

Detailed explanation-1: -At HSBC, we are partner to four Olympic sports – golf, rugby, badminton and football, and have recently entered the world of esports. We believe in the spirit of partnership and use our expertise and international scale to help sports grow and reach larger audiences, something we’ve done for over 50 years.

Detailed explanation-2: -HSBC Bank (China) Company Limited started operations on 2 April 2007 as a locally incorporated foreign bank. It is owned by the Hongkong and Shanghai Banking Corporation Limited, the founding member of the HSBC Group, which was established in Hong Kong and Shanghai in 1865.

Detailed explanation-3: -The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group. Established in 1865 to finance the growing trade between Asia and Europe, it has become the biggest bank incorporated in Hong Kong.

Detailed explanation-4: -The company’s business lines include retail banking and wealth management, commercial banking, global banking and markets, and global private banking. Texas-based Dimensional Fund Advisors is the largest institutional shareholder of HSBC.