HSBC faces FTSE ejection over domicile review

HSBC is facing ejection from the FTSE 100 if it goes ahead with plans to return its headquarters to Hong Kong.

The bank, which launched a review of its domicile in April, could face being removed from the blue chip index, Sky News reports. The unfortunate consequence follows FTSE Group rules, which state companies which are listed on an overseas stockmarket in the same country as they are domiciled are not eligible for inclusion in its indices. HSBC also trades shares in Hong Kong, its most likely destination, and in New York, Paris, Shanghai and Bermuda, leading to potential difficulties if it chooses to move headquarters to any of these regions. Buxton: It may be too late to stop HSBC qui...