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Re: HSBC Move To Hong Kong 'Likely'
Update
Quote:
In a joint statement, both the bank's top executives, the group chairman and chief executive said the talk was "speculative and presumptuous".
The bank moved its corporate base from Hong Kong to London 19 years ago.
In a rare joint statement, HSBC's chairman Douglas Flint and chief executive Stuart Gulliver, said: "Talk of imminent change in HSBC's position on this matter is entirely speculative and presumptuous.
"London continues to be widely recognised as one of the world's leading international financial centres, a position it has built over many decades through deliberate policy action. We have been very clear that it is our preference to remain headquartered [here]."
However, it went on to say that the issue of rising costs - and a new government-imposed banking levy - was one that concerned its owners, the shareholders.
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