HSBC is a Publicly Owned financial services group headquartered in the UK. Founded in 1865, the company employs approximately 172,840 individuals. Functioning as a universal bank and financial services group, HSBC has unique historical and business links to East Asia and maintains a highly multinational footprint.
HSBC reported on April 24 that India’s private-sector activity strengthened in April, with the HSBC Flash India Composite PMI rising to 58.3 from 57.0 in March, driven by stronger manufacturing performance, including faster growth in output and new orders. On the same day, HSBC India unveiled a new branch in Nagpur, Maharashtra, to expand wealth services for affluent, high net worth, ultra-high net worth, and non-resident Indians in one of India’s emerging industrial and wealth centers. Also on April 24, the bank issued an irrevocable notice for the redemption and cancellation of listing for HK$1.5 billion 1.55% Notes due 2027 and EUR2 billion 3.019% Fixed to Floating Rate Notes due 2027, following a news release dated April 23, 2026. Earlier on April 24, HSBC committed to tokenized deposits on the Canton Network, joining Lloyds and JPMorgan. The bank also officially designated Desmond Kuang as the new Chief Investment Officer for Asia, focusing on HSBC Private Bank and Premier Wealth, to bolster investment leadership in the region.
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