HSBC’s current situation in China

HSBC’s current situation in China is not optimistic.

HSBC Holdings plc is the holding company of the HSBC Group, headquartered in London, England. It was established in 1991, but its subsidiaries already have a long history. HSBC is one of the world's largest banking and financial services institutions.

HSBC has a deep business foundation, with an international network covering six regions around the world, with approximately 7,500 offices in 87 countries and regions in Europe, Hong Kong, other Asia-Pacific regions, the Middle East, North America and Latin America. offices.

Layoff news

As of August 2011, HSBC Holdings had reservations about its prospects in Europe and the United States, and had laid off 5,000 people globally. HSBC CEO Gulliver said that there would be further layoffs before the end of 2013 25,000 people.

On June 17, 2020, according to foreign media reports, an internal memo from HSBC Holdings showed that the bank was resuming the previously suspended large-scale layoff plan of 35,000 people and would continue to freeze almost all employees. external recruitment.

Reference for the above content: Baidu Encyclopedia—HSBC Holdings