HSBC wants to be where the emerging markets are and that doesn't mean it is limiting it's expansion to just China -- though the U.K.-based bank is relocating its chief executive Michael Geoghegan to Hong Kong this week.
In an interview with the Financial Times, also this week, HSBC Chairman Stephen Green told the newspaper that the bank is excited about increasing its presence in China and beyond.
"We're not very much present in eastern Europe and in central Asia," he says, responding to a question on where the bank felt it had room to expand. "I think that's an area where over time we would expect our presence to grow."
It remains undecided whether the bank will grow organically or by acquiring rival businesses in those regions. The bank is looking to secure a secondary listing in Shanghai by the end of the summer but is currently facing technical difficulties, according to bankers, writes the FT.