The Hongkong and Shanghai Banking Corporation is one of Hong Kong's biggest banks. It was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. Its headquarters are located in London, England.

HSBC is among foreign banks aggressively vying to help finance projects along China’s new Silk Road infrastructure initiative. Photo: Bloomberg

Foreign banks divided on best approach to financing US$5tr new Silk Road project

Foreign banks are divided on whether to help finance China’s new Silk Road initiative, with some seeing an opportunity in providing direct financing for the government-backed project while others opt for reduced exposure, citing concerns over poor returns from large infrastructure investments and