HSBC Holdings is to hold its first board meeting in Beijing after the bank's senior officials have completed their duties at the World Bank and International Monetary Fund conferences in Hong Kong. A detailed schedule for the Beijing meeting is still unavailable, but the bank is understood to be in the process of arranging a meeting with officials from the People's Bank of China. The last time the UK-based institution held a board meeting in the mainland was in 1994, in Shanghai. During that visit, there were suggestions HSBC tried to regain control of the former headquarters of the Hongkong and Shanghai Banking Corp in the Puxi district in Shanghai, which was evacuated after 1949 when the Communist Party came to rule. The group later denied there had been discussions with mainland officials in this regard. The group has developed a practice in recent years to hold its board meetings in leading cities in the markets in which it has a presence.