Search

NEWS
FINANCIAL SERVICES | Staff Reporter, Hong Kong
Published: 24 May 12
366 views


HSBC puts on hold plans to transfer to Hong Kong

HSBC plans to stay in London despite the huge expense of doing business in the British capital.

HSBC’s chief executive Stuart Gulliver said the bank had decided to drop indefinitely plans to move its headquarters from London to Hong Kong despite the former’s punishing financial regulations.

“Although we talked at one point about reviewing this, it has been postponed indefinitely,” said Gulliver to a group of shareholders in Hong Kong.

“There are too many moving parts to make a rational, conscious decision.”

HSBC currently derives some 80 percent of its revenue outside the UK.



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: HSBC , Hong Kong, Stuart Gulliver

LATEST FINANCIAL SERVICES JOBS »
PRINT ISSUE »

Subscribe Now
Hong Kong’s 20 hottest startups to watch out for in 2015

61 views

Chinese shoppers snub HK stores

32 views

Hong Kong’s top 5 work from home jobs

30 views

MOST READ EXCLUSIVES

This startup builds Hong Kong's first fully online lending platform

This startup builds Hong Kong\'s first fully online lending platform

The company has raised USD20m in just a year.

by KRISANA GALLEZO
25 Mar 2015 | 336 views
 
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter