HSBC has unveiled plans to establish a $1 billion ASEAN Growth Fund to provide lending to companies expanding through digital platforms across Southeast Asia. The bank’s recognition of Southeast Asia’s rapidly growing digital economy is forecasted to reach $600 billion by the end of the decade, a leap from $218 billion in value last year.
This sizable fund targets a broad spectrum of entities, including new-economy businesses, established corporates, and non-bank financial…
