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| 正面描述 | The obverse is printed in shades of red and pink, centred on a large intaglio vignette of a bronze lion's head — a reference to the famous guardian lions at the HSBC headquarters in Hong Kong — set against a fine guilloche underprint. To the left, the bold numeral '100' is rendered in colour-shifting ink, accompanied by the promise-to-pay inscription in both English and Chinese, the denomination in full, and the issue date below the Chief Executive's signature. A vertical windowed security thread with shifting colour elements runs through the centre of the note, and a green holographic disc bearing the numeral '100' is positioned in the upper right corner. |
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| 正面铭文 | THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 香港上海匯豐銀行有限公司 憑票即付 PROMISES TO PAY THE BEARER ON DEMAND AT ITS OFFICE HERE 港幣壹佰元 ONE HUNDRED HONG KONG DOLLARS 承董事會命 BY ORDER OF THE BOARD OF DIRECTORS 行政總裁 CHIEF EXECUTIVE 香港 二〇一八年一月一日 HONG KONG 1 JANUARY 2018 |
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HSBC's Hong Kong dollar issue occupies a curious constitutional position: the bank issues notes not as a central bank but under licence from the Hong Kong Monetary Authority, posting equivalent value in US dollars with the Exchange Fund as collateral — a direct consequence of the linked exchange rate mechanism pegged at HK$7.80 to the US dollar since 1983. De La Rue's involvement continues a relationship stretching back well over a century, though the security specification on this series reflects post-2010 upgrades pushed by HKMA across all three note-issuing banks simultaneously.