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HSBC will keep headquarters in London

Decision gives boost to London's status as a global financial centre after the challenges of 2008-2009

The bank stressed that while it was keeping its UK base, it remained committed to its Asia "pivot" strategy under which it plans to invest more into China's Pearl River Delta region.


HSBC Holdings decided on Sunday to keep its headquarters in Britain, rejecting the option of shifting its centre of gravity back to its main profit-generating centre Hong Kong after a 10-month review.

The unanimous decision by HSBC's board gives a boost to London's status as...