HSBC 2002 Annual Report Download - page 238

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HSBC HOLDINGS PLC
Notes on the Financial Statements (continued)
236
(b) The principal subsidiary undertakings of HSBC Holdings are:
Country
of incorporation
or registration Principal activity Issued equity
capita
l
Europe
CCF (formerly Crédit Commercial de France
S.A.) (99.99% owned)........................................ France Banking €371m
HSBC Bank AS ..................................................... Turkey Banking TRL277bn
HSBC Asset Management (Europe) Limited......... England Investment banking £142m
HSBC Asset Finance (UK) Limited....................... England Finance £265m
HSBC Bank Malta p.l.c. (70.03% owned)............. Malta Banking Lm9m
HSBC Bank Middle East ....................................... England Banking US$331m
HSBC Bank plc (directly owned) .......................... England Banking £797m
HSBC Guyerzeller Bank AG (96.64% owned)1.... Switzerland Banking SFr95m
HSBC Insurance Brokers Limited ......................... England Insurance £3m
HSBC Life (UK) Limited ...................................... England Insurance £34m
HSBC Republic Bank (Guernsey) Limited............ Guernsey Private banking US$5m2
HSBC Republic Bank (Suisse) S.A ....................... Switzerland Private banking SFr680m
HSBC Republic Bank (UK) Limited .................... England Private banking £112m
HSBC Trinkaus & Burkhardt KGaA
(partnership limited by shares, 73.47% owned) . Germany Banking €70m
Hong Kong
Hang Seng Bank Limited (62.14% owned) ........... Hong Kong Banking HK$9,559m
The Hongkong and Shanghai Banking
Corporation Limited........................................... Hong Kong Banking HK$16,254m
HSBC Insurance (Asia) Limited............................ Hong Kong Insurance HK$125m
HSBC Life (International) Limited........................ Bermuda HK$327mRetirement benefits
and life assurance
Rest of Asia-Pacific
HSBC Bank Egypt S.A.E. (94.53% owned).......... Egypt Banking E£352m
HSBC Bank Australia Limited .............................. Australia Banking A$600m
HSBC Bank Malaysia Berhad ............................... Malaysia Banking RM$114m
HSBC Asset Management (Taiwan) Ltd
(99.46% owned) ................................................ Taiwan Investment banking TWD788m
1Minority interest of 3.36% is through HSBC Trinkaus & Burkhardt KGaA
2HSBC also owns 100% of the issued redeemable preference share capital of US$17 million