FT: Hong Kong Monetary Authority questions HSBC over locating global AI centre in Singapore

The Hong Kong Monetary Authority has in recent months raised questions over HSBC locating its global artificial intelligence (AI) centre in Singapore rather than Hong Kong, the Financial Times reported, citing people familiar with the matter. The Hong Kong Monetary Authority said it maintains regular communication with authorised institutions on various issues, and would not comment on day-to-day regulatory work or speculative remarks. A HSBC spokesperson declined to comment on the report.