The chief executive of HSBC, Michael Geoghegen, will move to Hong Kong from London as the banking¹ group seeks to focus on Asia.

汇丰银行首席执行官Michael Geoghegen将总部从伦敦搬到香港，该银行集团谋求在亚洲发展。

HSBC is getting back to its Asian roots

However, the bank stressed that it was not "pulling away from London" and the two centres were "equally important".

HSBC, founded in Hong Kong and Shanghai in 1865, will also remain based in the UK for tax and regulation purposes.

HSBC is hoping to become one of the first overseas companies to list on the Shanghai stock exchange.

"There is absolutely no question of HSBC pulling away from London. We will operate from two equally strategically important centres for the company," said chairman Stephen Green, who will remain in the UK.

HSBC has weathered the financial crisis better than some of its rivals and did not take any taxpayer² money as part of the UK banking sector³ bail-out.