{"id":6484,"date":"2024-04-02T08:00:30","date_gmt":"2024-04-02T05:00:30","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=6484"},"modified":"2024-04-02T08:00:30","modified_gmt":"2024-04-02T05:00:30","slug":"hsbc-setting-up-1-bln-growth-fund-to-scale-up-digital-platform-businesses-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=6484","title":{"rendered":"HSBC setting up $1 bln growth fund to scale up digital platform businesses in Southeast Asia"},"content":{"rendered":"
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HSBC has said that it is setting up a $1 billion growth fund called ASEAN Growth Fund that provides lending to companies that are scaling up via digital platforms across Southeast Asia.<\/p>\n

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The London-headquartered bank is tapping into Southeast Asia\u2019s digital economy, which it said is among the world\u2019s fastest growing, expecting it to hit $600 billion in value by the end of the decade from $218 billion last year.
\n\u201cWith a working population that is digitally native, increasing in size, and poised to consume more goods and services especially on e-commerce, ASEAN has so much potential for growth,\u201d said Amanda Murphy, HSBC\u2019s South and Southeast Asia head of commercial banking, at the launch of the fund.
\nBesides the $1 billion lending fund, HSBC also launched a $150 million venture debt fund dedicated to the Singapore market, to provide financing to companies in the city-state that are backed by venture capital or private equity firms.<\/p>\n","protected":false},"excerpt":{"rendered":"

HSBC is setting up a billion growth fund called ASEAN Growth Fund that provides lending to companies scaling up via digital platforms across Southeast 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