The Hongkong and Shanghai Bank was established in Hong Kong in 1865 and was incorporated as The Hongkong and Shanghai Banking Corporation in 1866, when Hong Kong had been in those times a colony within the British Empire, and has been based in Hong Kong (although now as a subsidiary) ever since. It was renamed The Hongkong and Shanghai Banking Corporation Limited in 1989. It is the founding member of the HSBC Group of Banks and Companies, since 1990, is the namesake and one of the leading subsidiaries of the London-based  HSBC Holdings PLC. The company's business ranges from the traditional High Street roles of personal finance and commercial banking, to corporate and investment banking, private banking and global banking. It is the largest bank in Hong Kong, and operates branches and offices throughout the Asia Pacific region, and in other countries around the world.