HSBC in Taiwan

Established in Hong Kong and Shanghai in 1865, The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC Group, which is one of the world’s largest banking and financial services organisations. Its original Chinese nickname, “Wayfoong”, translates as ‘focus of wealth’ or ‘abundance of remittances’.

HSBC's presence in Taiwan dates back to 1885 when The Hongkong and Shanghai Banking Corporation Limited appointed an agent. A full-service branch was established in Taipei in 1984. In 2007, HSBC acquired one of Taiwan’s leading factoring companies, Chailease Credit Services, and opened a new life insurance company. In March 2008, HSBC acquired the business and operations of The Chinese Bank in Taiwan. In 2009, HSBC obtained approval to set up a local subsidiary in Taiwan - HSBC Bank (Taiwan) Limited, and began operating through the locally incorporated entity in May 2010 with headquarters in Taipei.

Taiwan plays a key role in HSBC’s Greater China platform and is one of HSBC’s key growth markets in Asia. Our current network comprises 26 outlets. We have branches in all the major cities in Taiwan, including Greater Taipei area, Taoyuan, Hsinchu, Taichung, Tainan, and Kaohsiung.

As one of the largest global banks, HSBC is responsible for taking the lead in adopting a strong and integrated strategy and becoming a net-zero bank. HSBC (Taiwan) follows the principle of sustainable development and integrates ESG into our financial products and services to encourage low carbon transformation of businesses. Currently, HSBC (Taiwan) has launched various ESG products, including green bonds, green loans, green trade loans, sustainability-linked loans, and HSBC Global Lower Carbon Bond fund and Global Equity Climate Change Fund. The purpose is to utilize our professional knowledge and capabilities to help our clients as well as the society to achieve the zero carbon target.

HSBC has been supporting environmental and educational causes for a long time and providing donations to help combat Covid-19. In 2022, the Bank donated over NT$28.1 million to major charity organisations, focusing on children’s education, skill development for the disadvantaged, environmental protection, and sustainable finance. The recipients include Guandu Nature Park, Boyo Social Welfare Foundation, Eden Social Welfare Foundation, Garden of Hope Social Welfare Foundation, Program the World Association, Business Council for Sustainable Development of the Republic of China, World Vision, Mennonite Social Welfare Foundation and so on. In addition, the Bank also organized a stationary supplies donation for children from underprivileged families and remote areas and the value of the stationery supplies from our employees exceeded NT$350,000. In addition, HSBC Taiwan continues to encourage staff volunteer activities as part of its commitment to the community, which has resulted in thousands of volunteer hours throughout the years.

The Bank’s commitment to the local community, and the efforts have been widely recognized and led to numerous awards and recognitions for the Bank, including the following:

ESG related

  • “Excellence in Corporate Social Responsibility Award” by CommonWealth Magazine for 12 consecutive years and also No. 1 in the Foreign Enterprise category.
  • Taiwan Corporate Sustainability Awards - Foreign Enterprise Sustainability Model Award by Taiwan Institute for Sustainable Energy
  • Green Procurement Award by Taipei City Government – 14 consecutive years of winning
  • Top 20% ranking in treating customers fairly in the financial industry by the Financial Supervisory Commission, the only foreign bank to have received top ranking three times.

Retail banking related

  • "Best Wealth Management Bank" and "Best Credit Card Product" awards by The Asian Banker
  • "Wealth Management Platform of the Year - Taiwan" and "Credit Card Initiative of the Year - Taiwan" awards by Asian Banking & Finance
  • “Best Wealth Management Award”, “Best Relationship Manager Team Award”, “Best Digital Services Award”, “Best Digital Intelligence System Award,” and “Financial Service Innovation Award” in the foreign bank category by the Wealth Magazine.
  • "Best Overseas Private Bank - Taiwan" award by the Global Private Banker and The Digital Banker

Corporate banking related

  • “Best Solution Awards,” “Best Fund Administrator Award,” and “Best Trade Finance Solution- ESG by the Asset
  • “Market Leader Trade Finance in Taiwan” by Euromoney 

Main subsidiaries

HSBC Bank (Taiwan) Limited

  • 54F, No. 7, Sec. 5, Xinyi Road, Xinyi District, Taipei City, 110615, Taiwan

  • Tel: +886 (2) 6633 9000

The Hongkong and Shanghai Banking Corporation Limited Taipei Branch

  • 54F, No. 7, Sec. 5, Xinyi Road, Xinyi District, Taipei City, 110615, Taiwan

  • Tel: +886 (2) 6631 2988

HSBC Global Asset Management (Taiwan) Limited

  • 36F, No 68, Sec. 5, Zhongxiao E. Rd., Xinyi Dist., Taipei City 110

  • Tel: +886 (2) 6633 5808

Hang Seng Bank

  • Suite A-1, 12F, 170 Tun Hua North Road, Taipei, 105

  • Tel: +886 (2) 2713 0123

HSBC Securities (Taiwan) Corporation Limited

  • 54F, No. 7, Sec. 5, Xinyi Road, Xinyi District, Taipei City, 110615, Taiwan

  • Tel: +886 (2) 6631 2899

HSBC Bank (Taiwan) Credit Ratings



Standard & Poor's Taiwan Ratings Corp.
Rating Outlook Rating Outlook
HSBC Bank (Taiwan) Limited Long Term A+ stable twAAA stable
Short Term A-1

 

twA-1+

 


Financial documents related to HSBC's activities in Taiwan are available here. Please note, these documents are in local language only. For financial documents related to HSBC Group please visit our investor relations  section on our corporate website.

History timeline

1984 Taipei Branch opened
  Multinational Corporate Business introduced
1988 HSBC Securities Taiwan established
1989 Kaohsiung Branch opened
  Credit Card Acquiring introduced
1991 Custody and Clearing introduced
1993 Local Corporate Business launched
1994 Taichung Branch opened
1995 Credit Card Issuing introduced
1996 Tainan Branch opened
1997 AssetVantage, Mortgages, and PowerVantage launched
1998 Panchiao Branch opened
1999 Taoyuan Branch opened
  Insurance Brokerage launched
2000 Chien Kuo Branch opened
  Syndicated Loan Business introduced
2001 HSBC Asset Management (Taiwan) Limited established
2002 online@hsbc launched
  HSBC Premier introduced
2003 Smart Mortgage introduced
2004 Taipei Branch relocated
2005 Agreed with Global Payments Inc. to establish a joint venture
  Global Payments Asia Pacific Limited Taiwan Branch
2006 Launched HSBC Direct, Taiwan's first Direct Banking services
2007 Acquired Chailease Credit Services Co., Ltd.
  Established HSBC Life (International) Limited Taiwan Branch
  Announced the acquisition of the assets, liabilities and operations of The Chinese Bank
2008 Completed the acquisition of the business and operations of The Chinese Bank.
2009 HSBC Bank (Taiwan) Limited established
2010 HSBC Bank (Taiwan) Limited began operations
  HSBC Advance introduced
2012 HSBC Bank (Taiwan) Limited launched FundMax investment platform
  HSBC Bank (Taiwan) Limited completes the first RMB syndicate facility in Taiwan’s corporate lending market
  HSBC enters life insurance distribution agreement with Allianz in Asia.
  Allianz agrees to purchase Taiwan branch of HSBC Life (International) Ltd
2013 HSBC Asset Management (Taiwan) Limited received the QFII approval
  HSBC Bank (Taiwan) acted as Financial Advisor to the first RMB bond issued by a Chinese bank in Taiwan
  HSBC Bank (Taiwan) Limted completed the first cross-border RMB remittance
2014 Over 1,000 people planted trees to celebrate HSBC's 30th anniversary in Taiwan
  Launched automatic foreign exchange transaction service
2015 Became the first foreign bank to provide cross-border loans to a Taiwanese company in China's Kunshan
2016 Launched HSBC Cashback Signature Credit Card
  Launched Intelligent Asset Allocation service
2018 Launched  credit card verification service
2019 Launched i-Invest equity trading platform
2020 Issued green bonds
  Issued first green guarantee, green service trade loan, and first green trade finance in the market
  Opened HSBC Premier Centre in Taipei
  Launched the Digital Account Opening platform
2021 Helped issue first social Formosa bonds in Taiwanese market
  Provided first green loan for corporates
  Launched Green Mortgage
2022 Taiwan headquarters relocated into Taipei 101
  Completed first green deposits for corporates
  Issued first green guarantee for green buildings and first social guarantee for social housing
  Completed first sustainability linked loan for trade
  Initiated supply chain finance
  Launched lending fund for female entrepreneurs
  Provided first Third Party Payment Providor (TPPP) trust account solution
  Global Private Banking repositioned and integrated into Wealth & Personal Banking
  Launched Premier Elite service
  Signed a 15-year exclusive bancassurance partnership with Allianz
  Launched Taiwan's first Wealth Centre

Corporate Social Responsibility Report

This report shows how in Taiwan we are undertaking positive actions and behaviours to be more socially responsible. The report is available in Chinese only and is available here (39-page PDF 9.27MB).

For details about HSBC’s global operations, Group board members and financial results, go to our corporate website.  Please note that this is English only.

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