27th Jan 2016 07:47
LONDON (Alliance News) - The board of HSBC Holdings PLC will meet on Wednesday to consider moving the banking giant's headquarters to Hong Kong from London, Reuters reported Wednesday.
There are concerns about China's increasing influence over Hong Kong, with its independence possibly a factor in the decision, the report said, citing a senior source at the bank.
A decision on the domicile issue could come as early as this week, the report said.
http://uk.reuters.com/article/uk-hsbc-headquarters-idUKKCN0V41NE
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
HSBC Holdings