No. HSBC is a foreign-funded bank. Its full name is The Hongkong and Shanghai Banking Corporation Limited. The Chinese literal translation is "Hong Kong and Shanghai Banking Corporation Limited". The English abbreviation is HSBC. The Chinese abbreviation is "HSBC", which means "remittance". It means "abundance".

The Hongkong and Shanghai Banking Corporation Limited is a wholly-owned subsidiary of HSBC Holdings plc. It is a founding member of the HSBC Group and its flagship in the Asia-Pacific region. It is also the largest registered bank in Hong Kong, China, and one of the three largest banks in Hong Kong, China. One of the note-issuing banks (the others are Bank of China (Hong Kong) and Standard Chartered Bank). Headquartered in the HSBC Building, 1 Queen's Road Central, Central, the Hongkong and Shanghai Banking Corporation and its subsidiaries currently have more than 700 branches and offices mainly in the Asia-Pacific region.

On October 18, 2021, the Hong Kong Monetary Authority (HKMA) announced that HSBC can carry out the "Cross-border Wealth Management Connect" business