A number of Britain’s largest asset managers would support HSBC if it moved headquarters to Hong Kong as a consequence of increasingly onerous regulation in the UK.
Aberdeen Asset Management, one of the largest listed fund groups in Europe and a top 10 shareholder in HSBC, said it would continue to back the bank if it uprooted and moved to Hong Kong.
HSBC revealed in April this year that it was undergoing a review of its domicile, citing tougher regulation imposed on the City in the aftermath of the financial crisis.
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