News Post



| 2m

HSBC setting up $1 bln growth fund to scale up digital platform businesses in Southeast Asia

HSBC is establishing a $1 billion growth fund called ASEAN Growth Fund to support companies scaling up through digital platforms in Southeast Asia. The bank aims to tap into the region's fast-growing digital economy, projected to reach $600 billion by 2030. In addition to the lending fund, HSBC also launched a $150 million venture debt fund specifically for Singapore-based companies backed by venture capital or private equity firms. The move reflects HSBC's focus on supporting the digital transformation and growth potential in Southeast Asia.

No Comments yet

Download the medial app to read full posts, comements and news.