{"id":10823,"date":"2024-03-27T06:10:37","date_gmt":"2024-03-27T06:10:37","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/27\/hsbc-setting-up-1-billion-growth-fund-to-scale-up-digital-platform-businesses-in-southeast-asia\/"},"modified":"2024-03-27T06:10:37","modified_gmt":"2024-03-27T06:10:37","slug":"hsbc-setting-up-1-billion-growth-fund-to-scale-up-digital-platform-businesses-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/27\/hsbc-setting-up-1-billion-growth-fund-to-scale-up-digital-platform-businesses-in-southeast-asia\/","title":{"rendered":"HSBC setting up $1 billion growth fund to scale up digital platform businesses in Southeast Asia"},"content":{"rendered":"
\"HSBC<\/div>


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HSBC<\/a> on Wednesday said it is setting up a $1 billion growth fund called ASEAN Growth Fund<\/a> that provides lending to companies that are scaling up via digital platforms<\/a> across Southeast Asia<\/a>.<\/p>\n

The London-headquartered bank is tapping into Southeast Asia’s digital economy, which it said is among the world’s fastest growing, expecting it to hit $600 billion in value by the end of the decade from $218 billion last year.<\/p>\n

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“With 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,” said Amanda Murphy, HSBC’s South and Southeast Asia head of commercial banking, at the launch of the fund.<\/p>\n

Besides 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

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HSBC on Wednesday said 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. The London-headquartered bank is tapping into Southeast Asia’s digital economy, which it said is among the world’s fastest growing, expecting it to hit […]<\/p>\n","protected":false},"author":2,"featured_media":10824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[15956,1225,1289,15275,247,15955,15957,5215,569,15954,4699,14665,49,15958,2568],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/10823"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=10823"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/10823\/revisions"}],"predecessor-version":[{"id":10825,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/10823\/revisions\/10825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/10824"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=10823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=10823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=10823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}