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Hong Kong Bank of Canada

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Honk Kong bank of Canada, which is now known as the HSBC Bank Canada, is one of the biggest banking institutions in the world, with presence in 85 different countries and 7200 offices in Asia, Europe, Middle East, Africa and the Americas. The bank, which was founded by a Scot for operations in the coastal areas of Hong Kong and China, is now a global leader in all matters of finance and banking, providing an impressive range of financial services to institutions, individuals as well as businesses.

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At current estimates, HSBC is serving more than 85 million individual customers and about 3.6 million commercial customers. As of 2012 the total assets of the bank were valued at over $2,500 billion.

Honk Kong Bank of Canada

The Hong Kong Bank of Canada was HSBC first foray into Canada in 1981, when they established a wholly owned subsidiary to operate in the Pacific Rim, running their head office out of Vancouver to maximize on the economic potential in the region.

Over the years, the Honk Kong Bank of Canada grew as a result of growth as well as acquisition, and has taken over the Bank of British Columbia, Lloyds Bank Canada, ANZ Bank of Canada, Barclays Bank of Canada, National Westminster Bank of Canada, BBN James Capel INC, as well as Midlands Bank Canada.

This huge conglomerate was then renamed HSBC Bank Canada in 1999, at which point there were 116 branches of the bank in Canada itself. The approach of acquire and expand has been put to ample use and has over the years, yielded great returns to the organization. Today the bank is head quartered in London but its presence can be felt all around the world from Shanghai, to New York to New Delhi.

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Offshore banking with HSBC
Since HSBC operates in so many countries all over the world, they are often the choice most rich and successful people make when they are of a mind to start an offshore banking account.

Traditionally you see the rich and the famous parking their money away in tax havens like Panama, or Belize or Cayman Islands but for those who are not well versed with those countries or are generally very cautious in nature, banking with a reputed multi national bank like HSBC is often the first choice.

There is also an ease of operation when dealing with your money like this. Having an HSBC account in another country is pretty much as good as an offshore account. If you are a US citizen, then all you need to start an HSBC offshore account is to open an account with say, HSBC Singapore.

What you want most is a 100% guarantee of the safety of your money and a lucrative return on it. This is what you get with a reliable bank like HSBC and It is no surprise that they are the world leader when it comes to international financial transactions.
 

Anton

Active Member
Is Hong kong a good Offshore country like Cyprus and Seychelles? I read about them over a few days ago but I never put so much attention until you posted this one.
 

hofo

Active Member
I was wondering the same. I read about Cyprus and Belize banking in the past now I read Bahamas and Hong Kong a great new alternatives. What is best of all of it?
 

icecold

Active Member
You don't need to bank with an HK bank in Canada but for some it may be better depending on your nationality, where you live and what business you are into!
 

burden

Mentor Group Gold
Does someone know what the Hong Kong Banks are in Canada? I would like to know some names if possible.
 

Jack Dui

Active Member
Is Hong kong a good Offshore country like Cyprus and Seychelles? I read about them over a few days ago but I never put so much attention until you posted this one.
I think in some extension, Hong Kong has more potentiality than Cyprus and Seychelles. Because it is very easy to enter in Indian and Chinese market from Hong Kong. What do you people think?
 

fireserve

Super Moderator
Business Angel
There is also an ease of operation when dealing with your money like this. Having an HSBC account in another country is pretty much as good as an offshore account. If you are a US citizen, then all you need to start an HSBC offshore account is to open an account with say, HSBC Singapore.
They are one of the major banks in the World and require personal visit regardless which branch you are going to on this planet. Many people are even say they are not good for small foreign business any longer since they charge high fees, ask lots and lots of questions and they even freeze accounts for nothing. If you want the accounts unfreezed and work in normal operation again you will have to provide endless documents and answer endless questions!!

So much to this Hong Kong headquartered offshore bank!
 

allan

Offshore Agent
Seems you are all missing the point here. What is good is that there live a lot of Chinese in Canada so for them it's essential to have a Chinese bank there so the Hong Kong headquartered banks like HSBC have established units in Canada to serve these customers and even get Canadians.
 

hungryit

Active Member
The HSBC bank is advertising a lot and they are aggressive in their advertising. So for all of us it may be better to find an Hong Kong bank that is not that big as HSBC is and which may be willing to open offshore accounts by Skype Interview!
 

moneymaster

Active Member
HSBC and many of the other Top 10 Hong Kong banks are actually in Canada and you can go visit their branch.
 

zohoman

New member
Found aprxo 40 Hong Kong offshore banks that have branch in Canada so there should be an option to get an offshore account with one of them ;)
 
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