HSBC has formally opened its new China headquarters in the HSBC Building, part of the landmark Shanghai ifc commercial complex in the heart of Shanghai’s financial district.

HSBC jas also opened 100th outlet in mainland China with a new HSBC Premier Centre at Ciro’s Plaza in Shanghai.

Helen Wong, the newly appointed chief executive designate of HSBC Bank (China) will officially take office upon obtaining regulatory approval.

HSBC Bank (China) will occupy 22 floors of the 53-storey HSBC Building, with a gross floor area of over 58,500 square metres and capacity for more than 4,000 people.

Michael Geoghegan, CEO and chairman of HSBC, said: “This investment marks an important milestone in our 145-year continuous presence in China since our founding in 1865. This new building is designed to support the next phase of our expansion in China, and as the world’s economic gravity continues to move eastwards, it also reflects Shanghai’s growing importance as an international financial centre.”

Mr Wong said: “As we continue to expand our network in China, our ability to serve customers and join them up to HSBC’s unrivalled international network and service expertise is significantly enhanced. We will continue to expand our branch network and look forward to the celebration of the next 100th outlet. ”