HSBC Launches $1 Billion ASEAN Growth Fund to Support Digital Platform Businesses in Southeast Asia
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HSBC has launched a $1 billion ASEAN Growth Fund to support digital platform businesses in Southeast Asia. The fund aims to enhance the capabilities of digital companies in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, which are rapidly developing countries in terms of their digital economies. The fund will support a wide range of companies, from emerging startups to more established firms and non-bank financial institutions. HSBC will offer credit facilities based on operating metrics and cash flow generation, rather than traditional financial indicators. The bank will also provide digital financing and banking solutions, including the HSBC Omni Collect and HSBC TradePay, to high-growth businesses in Malaysia. The Southeast Asian digital economy is projected to r...
#newstr #Hsbc #AseanGrowthFund #DigitalCompanies #DigitalEconomy #SoutheastAsia