Complex sentence: In 1981, The Hongkong and Shanghai Banking Corporation incorporated Hongkong Bank of Canada (HBC), in Vancouver as a chartered bank effective July 1,1981, under the Bank Act of Canada using the acceptance company as a base for the new bank.
Split into simpler sentences: In 1981, The Hongkong and Shanghai Banking Corporation incorporated Hongkong Bank of Canada (HBC), in Vancouver as a chartered bank effective July 1,1981 under the Bank Act of Canada. HBC used the acceptance company as a base for the new bank.