Hong Kong ready to welcome HSBC back?

In the event HSBC leaves the UK, Hong Kong’s doors are said to be open.

A Bloomberg report said, “HSBC Holdings Plc has been told by regulators in Hong Kong that it would be welcome if it decided to leave Britain and re-domicile, City AM reported, without saying where it got the information.”

According to the report, the newspaper said the Hong Kong Monetary Authority has informed the bank that it would be implicitly backed by the Chinese government if it returns to the city.

View the report here.