Innovation and new technology are at the heart of economic growth in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). With GBA+ Technology Fund, we will provide debt financing to high-growth companies in new economy sectors, especially those located in the Greater Bay Area. This dedicated credit facility of RMB 6 billion is one of HSBC’s key initiatives in support of the GBA’s endeavor to become an international technology and innovation hub. It mainly focuses on helping innovative businesses and the new economy thrive across the Greater Bay Area with added benefits for hi-tech companies in Mainland China in general.
The fund will support businesses in sectors such as e-commerce, FinTech, robotics, biotechnology and healthcare technology in Mainland China, Hong Kong and Macau, in particular vibrant businesses in hi-tech and advanced manufacturing industries across the Pearl River Delta, by providing liquidity to corporate clients, including start-ups with sustainable business models, for further growth.
Apart from funding support, HSBC continues to adapt its solutions offering to meet the full range of banking needs of businesses at each stage of their growth journey, from FX trading and cross-border cash management to accessing the private and public capital markets. HSBC will also help to build these companies’ networks by connecting them with peers and industry thought leaders through exclusive events.