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HSBC and Standard Chartered are regarded as more likely to smoke to United Kingdom, with each breakdown frustration to regulatory changes to the United Kingdom banks.?Photo: JOHN TAYLOR

Addressing the The Daily Telegraph, Martin Wheatley, Executive Director of the Securities and Futures Commission equivalent to Hong Kong from the Financial Services Authority, said that no financial services firm had commenced even preliminary discussions about moving their business to the city.

"It is not the issue in this moment.Nul we and questioned redomiciling business - it is more progressive," said Mr. Wheatley, who was in London for a conference aims to Hong Kong banks based in London and investor marketing. ""

Dr. Wheatley comments are growing fears that London could lose the seat of a major banking group in Hong Kong or another Asian financial centre as Singapore.

HSBC and Standard Chartered are considered more likely smoking United Kingdom with each venting their frustration to regulatory amendments to United Kingdom, including in the field of compensation banks.

Last month, Stuart Gulliver, new CEO of HSBC, said that the Bank could not hire several members of staff in Hong Kong because of restrictions on the packaging of remuneration, they can offer it imposed by the British authorities.

Speech by M. Wheatley shows however that no bank based in the United Kingdom started same poll on the authorities in Hong Kong to a potential shift.

However, M. Wheatley said that Hong Kong has found much interest to interested banks to expand their activities.

"People aren't going to the quest for 250,000 square feet, but they are looking for from 10 000 to 20 000," he said.

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