Created in November 2005 but as the first fixture in the European Tour's 2006 season, the HSBC Champions was established to pull in the world's best golf golfers to compete in an elite season-opening event and forms the bedrock of HSBC's global golf program. To date the tournament has produced five different winners from five separate nations over its illuminating and continuing six-year history.
In 2009, the event was granted the World Golf Championship status it richly deserved and moved towards the end of the season giving the event even more significance and reflecting the growing reputation of this prestigious tournament. With this heightened stature came an elevated prize fund of $7 million. These riches offered have helped make the HSBC Champions one of the most highly regarded events sanctioned by all the Tours (PGA, European, Sunshine, Asian and PGA Tour of Australasia).
Since the inaugural event the HSBC Champions has continued to be played at Sheshan International Golf Club in Shanghai, China, and over the years some remarkable scoring has taken place.
On April 25, 2012 it was announced that the 2012 tournament of the WGC-HSBC Champions would take place at the world famous Mission Hills Guangdong, China. In a fitting tribute to the late David Chu, the man behind the Mission Hills development, the WGC-HSBC Champions was scheduled to take place on the 7,320-yard Olazabal Course and move away from Sheshan International Golf Club for the first time in the event's history.
On the final day of the WGC-HSBC Champions 2012, HSBC announced its renewal of the sponsorship through to 2015 and with that a return to the tournament's home in Shanghai. The stature and growth of golf in Asia was further confirmed with the announcement that the WGC-HSBC Champions will become part of the PGA TOUR's FedExCup schedule.
It was announced that money earned will count as official money on the PGA TOUR and contribute towards players’ Ryder Cup points, while the WGC-HSBC Champions winner will earn a three-year exemption on the PGA TOUR, with the opportunity to join the organization if he is a non-member.
The WGC-HSBC Champions will also award full FedExCup points, plus the 10 percent premium awarded by all World Golf Championships compared to a regular PGA TOUR event. In addition an increase of US$1.5m in prize money was announced, taking the total purse to US$8.5m.