HSBC deploys $4b for Chinese clean energy firms seeking overseas expansion
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HSBC has launched a $4 billion credit facility to support mainland Chinese clean energy firms in their international expansion, particularly in the ASEAN region. The Sustainability and Transition Credit Facility will finance various sectors, including clean power and AI. Singapore is expected to play a key role in deploying these funds, with strong interest from Chinese companies to expand into ASEAN through the city-state, according to HSBC's Gilbert Ng.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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