HSBC China Longgang sub branch business hall, the picture by the first financial reporter residence Lingyue
Subsequently, a bank staff member told reporters that the closure of Longgang sub branch belongs to the normal deployment of the company. Since its establishment, the branch only deals with corporate business. Personal business can be handled at the Vientiane City business point or through online booking. The system will arrange matching outlets according to the business type.
Since this year, Guangdong banking and Insurance Regulatory Bureau has approved the closure of three branches of HSBC in China on June 12, April 28 and January 2 respectively; Qingdao banking and Insurance Regulatory Bureau has approved the closure of one branch of HSBC Bank on May 18; and Shenzhen banking and Insurance Regulatory Bureau has approved the closure of one branch on April 3. In addition, the bank was approved to close its business on April 30.
According to the financial report, as of the end of 2019, the total assets of HSBC in China was 524.8 billion yuan, an increase of 10.18%; the total liabilities was 474.18 billion yuan, with a year-on-year increase of 11.06%; the net profit was 4.46 billion yuan, which was 3.89 billion yuan in 2018. As of the end of December 2019, HSBC China has 171 outlets, including 34 branches and 137 sub branches, of which 83 outlets provide small and micro enterprise services.