HSBC Holdings plc is a public limited company incorporated in England and Wales with headquarters in London.
It is both the world's largest banking group and the world's largest company according to a composite measure by Forbes magazine (in 2008).
The group was founded from The Hongkong and Shanghai Banking Corporation, the acronym of which led to the current name.
HSBC is Europe's biggest bank and has an enormous operational base in Asia and significant lending, investment, and insurance activities around the world.
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