HSBC to pump $3 billion into Greater China innovation economy
Tuesday, June 06, 2023
(FinanceAsia by Sara Velezmoro) – HSBC has announced increased support for Hong Kong and mainland China’s “innovation economy” by extending its start-up and specialist tech lending facility from $1.8 billion to $3 billion.
The expanded capacity will offer lending to firms based in Hong Kong and mainland China that are active in the climate tech, industrials, consumer, technology, healthcare and life science sectors. It follows initial launch of a similar facility in 2018 under two separate financing sehemes aimd at supporting technology and healthcare ventures in the Guangdong-Hong Kong-Macao Greater Bay Area GBA
