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Hong Kong Regulator Offers Home to HSBC, City AM Says

HSBC Headquarters in London
A British Union Jack flag flies near the HSBC Holdings Plc headquarters in Canary Wharf, London. Photographer: Jason Alden/Bloomberg

HSBC Holdings Plc has been told by regulators in Hong Kong that it would be welcome if it decided to leave Britain and re-domicile, City AM reported, without saying where it got the information.

The Hong Kong Monetary Authority has informed the bank that it would be implicitly backed by the Chinese government if it decided to move to Hong Kong, the newspaper said.

The HKMA declined to comment, in an e-mailed statement today.

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