U.K. Banks Welcome to Shift to Hong Kong, Says Donald Tsang
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Hong Kong would “absolutely” welcome London-based banks HSBC Holdings Plc and Standard Chartered Plc if they decided to move headquarters to the former British territory, according to Chief Executive Donald Tsang.
“If HSBC or Standard Chartered were to change headquarters it would not undermine their business at all,” Tsang said in an interview yesterday. Tsang added he didn’t “want to encourage a move that would impair relations” with trading partners including London and New York.