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.

Photo: Reuters

HSBC hits fresh one-year high as bank shares advance

HSBC shares hit a one year high in Hong Kong for the second day in a row, leading bank stocks higher as the market prepared for interest rates to rise next week.

HSBC jumped 3.31 per cent in the day, to close at HK$65.5.