HSBC setting up $1 billion growth fund to scale up digital platform businesses in Southeast Asia
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HSBC is establishing a $1 billion growth fund called ASEAN Growth Fund to provide lending to companies scaling up via digital platforms in Southeast Asia. The fund aims to support the growth of digital platform businesses in the region. HSBC is targeting companies that have a proven track record and are looking to expand their operations. The fund will provide financing to these companies to help them scale up and achieve their growth objectives. The establishment of the fund reflects HSBC's commitment to supporting the digital economy in Southeast Asia and its belief in the growth potential of digital platform businesses in the region.
#Hsbc #DigitalPlatformBusinesses #SoutheastAsia #GrowthFund