LONDON (Alliance News) - HSBC Holdings PLC could be forced out of the FTSE 100 if it decides to move back to Hong Kong from London on completing the review of the best location for its headquarters, Sky News reported on Monday.
The report said the issue is that the banking group's shares are listed in Hong Kong, widely seen as the most likely destination in the event of a move, as well as London.
Citing sources, Sky News said that HSBC has been discussing the matter with its advisers.
"The issue is understood to have arisen because under FTSE Group rules, companies which are listed on an overseas stock market in the same country as they are domiciled are not eligible for inclusion in its equity indices," the Sky News report said.
http://news.sky.com/story/1526156/hsbc-faces-threat-of-ftse-exit-over-hq-review
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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HSBC Holdings (HSBA)
