London-based HSBC launches $1bn ASEAN Growth Fund for digital platform businesses in Southeast Asia.
London-based bank HSBC is launching a $1 billion growth fund, ASEAN Growth Fund, to support digital platform businesses in Southeast Asia. The fund aims to tap into the region's rapidly expanding digital economy, expected to reach $600 billion by the end of the decade. HSBC also launched a $150 million venture debt fund dedicated to the Singapore market, offering financing to companies backed by venture capital or private equity firms.
March 27, 2024
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