As companies are looking to cash in on the potential of uniting the infrastructure and development of the Greater Bay Area,
HSBC said on Tuesday that it is creating a US$880 million technology fund to provide financing to early stage companies in the region. The GBA+ Technology Fund will focus on lending to high-growth companies in mainland China, Macau and Hong Kong in a variety of sectors, including e-commerce, financial technology (fintech), robotics, biotech and health care technology, HSBC said. “Lending money is not the sole purpose. We want to create a lasting relationship with our customers,” said HSBC’s head of commercial banking in Hong Kong Terence Chiu. “We’re not transactional. That’s never been our strategy in 154 years.”
