HSBC Mulls Moving Some Senior Executives to Asia

HSBC is considering relocating top executives from London to Singapore or Hong Kong to strengthen its presence in Asia, where it earns a significant portion of its income. This move aims to demonstrate commitment to expansion plans in the region, especially amid improving relations with Beijing. Despite its strong earnings in Hong Kong, HSBC seeks to grow its relatively small footprint in China.

Which locations are being considered for relocating HSBC's top executives?

• New York and Tokyo

• Singapore and Hong Kong

• Dubai and Mumbai

• Sydney and Beijing

What is the primary reason for HSBC's decision to relocate executives to Asia?

• To place decision-makers where the bank earns most of its income

• To be closer to family

• To reduce operational costs

• To diversify its business

How does HSBC plan to show its commitment to expansion in Asia?

• By investing in technology

• By closing branches in the US

• By relocating top executives to Asia

• By increasing its workforce in Europe

What percentage of HSBC's pretax income is generated in Hong Kong?

• 50%

• 75%

• 66%

• 33%

What is HSBC's current status in China compared to Hong Kong?

• It is larger in China

• It is smaller in China

• It has an equal presence in both

• It has no presence in China