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HSBC moves from London to Hong Kong

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HSBC is one of the two (the second – JPMorgan Chase) the most important banks in the global financial system satisfies for its stability. Bronze statues of lions guard its building. People who walk nearby use to touch them for good luck. HSBC was never saved, nationalized and sold. No other bank can impress of this.

Since its founding in 1865, it never finished the fiscal year with a loss. While its competitors take emergency loans from central banks during the crisis of 2008-2010., HSBC had cash provided the liquidity of the financial system.

However, it is hiding a small problem in all this power and invincibility: the lack of a permanent home. When Western and Indian businessmen decided to open a bank in Asia in 1865, they considered the location in Shanghai, but eventually settled on Hong Kong.

In the face of wars, revolutions and threats of nationalization Bank decided (considered as an option) or forced to endure headquarters in 1941, 1946, 1981, 1986, 1990, 1993, 2008 and 2009.

At HSBC, we believe that moving from one place to another helped them to survive. Countries and regimes come and go, but the bank remains. Today, once again it is time to choose. The results of a ten-month analysis of the new “place of residence” should be announced February 22, 2016.

The Government of Hong Kong, as well as its regulator – the Hong Kong Monetary Authority (HKMA), of course, is happy that the bank is going to come back. Moving to Hong Kong will allow HSBC to reduce the volume of paid taxes, the amount of capital required and pressure regulators.