HSBC considers moving headquarters to US instead of Asia

Political risks in China

HSBC, Europe's biggest bank by assets, is considering moving its headquarters to the US instead of Asia, as originally expected, according to reports.

The bank launched a review of its domicile in April, with the view to potentially move its headquarters back to Hong Kong, as the regulatory climate in the UK becomes increasingly difficult to navigate. However, HSBC is reconsidering the move to Hong Kong, citing concerns the company could end up under Chinese control given the political situation in the region, the Financial Times reports. Buxton: It may be too late to stop HSBC quitting UK Advisers to the bank said the interventionist actions of the Chinese government this summer and the resulting market turmoil have given reasons...