HSBC sets up special US$880m fund

HSBC is launching a GBA+ Technology Fund to focus on lending to high-growth companies in the Greater Bay Area in a variety of sectors, including e-commerce, fintech, robotics, biotech and health care technology, reports SCMP.

The fund would allow growth and technology companies who have received a round or two of funding from venture capital or private equity firms to access senior debt financing. HSBC will not take equity as part of the financing, according to the company.

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