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US vies with Hong Kong as HSBC ponders moving base from Britain

The US is emerging as a serious alternative to Hong Kong as the possible headquarters for

HSBC, as Europe’s biggest bank by assets considers shifting its base from the UK.

HSBC fired a warning shot to British politicians in April by announcing a review of whether to leave the UK two weeks before the general election. Shareholders welcomed the review, which was driven by concerns about excessive tax and regulation.

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