We launched a dedicated credit facility of up to USD 4 billion in mainland China to support companies in China’s low-carbon industries, in particular leveraging HSBC’s global network and resources to facilitate their international expansion. This marks our latest efforts to support the development of China’s fast-growing transition ecosystem.
The facility will be made available to businesses in a wide range of sectors in the transition ecosystems including clean energy, transportation electrification, data centres and AI.
As companies in China’s low-carbon industries are accelerating their global footprint alongside their supply chain partners, the new fund will support the leading ones on supply chains as well as their suppliers and buyers so as to introduce China’s clean technologies and solutions to international markets more efficiently and to ultimately contribute to the global decarbonization. The new scheme rides on the success of the RMB 30 billion green credit fund introduced in 2023.
Through the facility, we will increase credit limits for eligible Chinese companies and accelerate credit approvals through a dedicated channel for their green projects, especially those involving overseas energy transition infrastructures and production facilities. We will also collaborate closely with overseas teams to work out bespoke financial solutions for Chinese companies to expand globally.
In addition, we have established a dedicated frontline team at HSBC China to support corporate customers in their low-carbon transition and sustainable growth.
