HSBC is one of the largest banking and financial services organisations in the world. It has around 89 million customers throughout its four global businesses. It consists of 7,200 offices in over 80 countries. HSBC first opened for business in Hong Kong in 1865.
US regulators could ‘scupper’ move by HSBC to Hong Kong over assets of £190billion: HSBC is facing a showdown with US regulators who could scupper any attempt to move the bank’s headquarters to Chinese territory.
I do believe its a warning shot to say back off. HSBC have been talking about relocating for years, I used to work for them in Dubai. I think the stability of Uk outweighs any political Chinese risk long-term but I'm not a greedy director at the top looking for short-term gains. I can see £8 if they do relocate and I'll cash in GLA
Yea, going to relocate assets of this size to a SAR under China's control, most pathetic blackmail this century. If they are that relaxed, why have your pay through a Panamian company. ******s, greedy and bluffers, frankly a disgrace.. How about having a few branches and proper managers who understand business rather than zitty teenagers who haven't a f"@@ ing clue telling companies they can't borrow jack unless you have a nice piece of property. GL directors , hope u choke on your tax free cock au vin
to be involved in the evaluation of whether to move or not. Hong Kong appears to be most peoples guess me as a shareholder I would prefer a politically stable country as stable as poss Switzerland appeals. If it enhances my investment then I'm all for it.
Is this just a warning shot to say enough is enough although I can see why. Its not small change any more the levy. I would like to see them stay and the jobs as more and more of these are now paying a bigger tax proportion.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.