Various headquarters and branch buildings of The Hongkong and Shanghai Banking Corporation and the HSBC Group, into which the Hongkong and Shanghai Banking Corporation has evolved, feature a pair of lion sculptures. The HSBC lions have become distinctive landmarks in their own right in Hong Kong and Shanghai respectively, with a further pair to be found in London.
The first set of lion sculptures were commissioned for the rebuilt HSBC Building on the Bund in Shanghai, opened in 1923. Chief Manager, Alexander Stephen, writing in 1921 about the lions then being sculpted, that the inspiration for his decision to order the lions came from the imposing lions outside the Venetian Arsenal.
Cast by J W Singer & Sons in the English town of Frome, to a design by Henry Poole RA, these lions had quickly become part of the Shanghai scene, and passers-by would affectionately stroke the lions in the belief that power and money would rub off on them. They became known as Stephen and Stitt: an in-joke. Stephen was named for A G Stephen, formerly Manager Shanghai, and in 1923 the Chief Manager of HSBC, and G H Stitt, the then Manager Shanghai. Stephen is depicted roaring, Stitt quiescent, and again insiders said that this represented the characters of these two famous bankers.
When HSBC decided to build its third Headquarters at 1 Queen's Road Central in Hong Kong, opened in 1935, it commissioned two bronze lions from Shanghai-based British sculptor WW Wagstaff. This commission was inspired by the earlier lions commissioned for the Shanghai office, and the Hong Kong lions were modelled on, but are not identical to, the Shanghai lions.
Wagstaff worked with "Shanghai Arts and Crafts" foreman Chou Yin Hsiang who in an interview with John Loch of HSBC's house magazine "Group News" in June 1977 recalled that when he first joined Arts and Crafts he worked with Wagstaff for two years to make the lions, without having to learn a word of English: Wagstaff spoke perfect Shanghai dialect. Hunch-backed, Wagstaff was nicknamed "Lao Doo Pei", meaning "Old Hunchback". His son, inevitably, was called "Sau Doo Pei" – "Young Hunchback." Wagstaff had two sons – Don, killed in Naval service in the war, and Alex, killed while interned in Shanghai by the Japanese. Chou Yin Hsiang himself came to Hong Kong in 1935, and by 1977 was the proprietor of Jeh Hsing Metal Works – and still casting bronze for HSBC.