HSBC chief executive Stuart Gulliver has said the bank will provide an "update" on its plans to relocate its headquarters abroad - although that may not include a decision.
Speaking at the World Economic Forum (WEF) in Davos, Gulliver said shareholders will be given more of an insight into its plans - although he added it may not have reached a final decision by then.
Last April chairman Douglas Flint said the bank was considering a move abroad, in part thanks to onerous legislation, particularly the government's bank levy.
Since then, investors have been anxiously awaiting a decision from the bank.
Although it was assumed the bank would head to Asia, in October it was suggested it was also considering a move to the US.