HSBC launches US $3 billion New Economic Credit Fund to support the Development of New Industry new business type

[HSBC launches US $3 billion New economy Credit Fund to support the Development of New Industry new business type] HSBC today announced the launch of a total of US $3 billion New economy Credit Fund, of which the quota in mainland China is US $1.5 billion. The focus of services covers a wide range of new economy areas such as science and technology, medical care, environmental protection technology, advanced manufacturing and new consumption. We will further provide financial support to the new economy enterprises in the early stages of development and rapid growth in the mainland and Hong Kong. Ma Jian, vice president and director of industry, commerce and finance of HSBC (China) Co., Ltd., said that the launch of a special credit fund linking the two markets will enable us to better support the development of enterprises in the new economy.