HSBC launches US$1b fund to help Asean digital businesses scale up, grow

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HSBC launches US$1b fund to help Asean digital businesses scale up, grow
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PETALING JAYA: HSBC today announced a US$1 billion (RM4.73 billion) Asean Growth Fund in six of the fastest growth countries in Asean, to help scale u...

HSBC today announced a US$1 billion Asean Growth Fund in six of the fastest growth countries in Asean, to help scale up platform players in the region’s booming digital economy.

“Like so many other internationally minded businesses, we are excited about Asean’s booming digital economy,” said HSBC Malaysia CEO Datuk Omar Siddiq. The six highest growth countries in Asean are: Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. HSBC has a presence in all six countries.

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