HSBC Launches $1 Billion ASEAN Growth Fund and $150 Million Venture Debt Program to Support Business Expansion in Southeast Asia and Singapore
===============
#f676f111 ver:0.16
HSBC has announced two initiatives to support business expansion in Southeast Asia and Singapore. The bank has launched a $1 billion ASEAN Growth Fund to enhance the capabilities of digital platform businesses in the region. The fund will provide credit facilities and digital financing solutions to support a wide range of companies, from emerging startups to more established firms and non-bank financial institutions. HSBC aims to leverage the rapid growth of the digital economies in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, which are projected to reach $600 billion by 2030. The bank's fund is expected to play a pivotal role in this growth trajectory .
In addition, HSBC has earmarked $150 million for its venture debt program in Singapore. The program aims to ...
#newstr #Hsbc #AseanGrowthFund #VentureDebt #DigitalPlatformBusinesses #SoutheastAsia #Singapore