HSBC keeps China at arm’s length

The bank’s decision to keep its headquarters in London signals it will push ahead with its pivot to Asia but limit exposure to China’s markets and regulators.

HSBC’s 10-month long identity crisis is finally over; not only has it decided to remain a London-headquartered bank, it has also pledged to cease periodically navel-gazing about the matter.

¬ Haymarket Media Limited. All rights reserved.

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