Is HSBC a British bank? Or a Chinese bank? Or a bank drifting like flotsam on a global sea, driven by the ever-varying visions or pecuniary interests of its leaders? It is a question the bank, which is celebrating its 150th anniversary this year, needs to answer if it is to survive at all rather than be gradually dismembered. It took a small step to its own dismemberment last week when it announced that it was seriously studying a move of its headquarters from London, most likely back to Hong Kong, where it had been founded and which remained its hub until 1993.
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