Not in Hong Kong (well, may be they're not admitting it), but in London and two additional sites in New York and Paris.
HSBC's Property Sale: Its HQ and 2 Other Sites - WSJ.com
So what is the real story?
HSBC Holdings PLC plans to put up for sale office buildings in New York and Paris as well as its London headquarters, a move that could raise billions of dollars for the U.K. bank.
HSBC plans to send out sales material to roughly 20 real-estate investors this week, a person familiar with the matter said. The decision to put the buildings up for sale followed an expression of interest in them, the person said. It is unclear who may be interested or how much the buildings could fetch.
"As part of managing its significant global real-estate portfolio, HSBC is testing the market with three of its landmark property assets," the bank said in a statement, confirming a report in London's Sunday Times.
Buffeted by slowing economies around the world and losses at its U.S. consumer-lending operation, HSBC is in fund-raising mode. Last week, it completed a £12.5 billion ($18.32 billion) sale of shares to existing investors, the largest so-called rights issue ever in the U.K. The company also cut its dividend.