HSBC shifts derivatives trades to Hong Kong ahead of potential relocation of HQ

HSBC shifts derivatives trades to Hong Kong ahead of potential relocation of HQ

A logo of HSBC is displayed outside a branch at the financial Central district in Hong Kong, China June 2, 2015. REUTERS/Bobby Yip

HSBC has begun shifting billions of dollars worth of derivatives trades from London to Hong Kong to take advantage of the city’s favourable funding and regulatory environment, and to help position itself for a potential relocation of its headquarters, sources with direct knowledge of the bank’s trading arrangements told Reuters.

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