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HSBC launches lending facility for startups in China's Pearl River Delta

The 2b yuan "innovation fund" is targeted at small and medium-sized companies in the Guangdong province of the region.

Hong Kong

HSBC has launched a US$290 million lending facility aimed at technology startups and other new industries in China's Pearl River Delta region, intensifying the battle for a slice of a business that is growing despite a slowing economy.

Showered with money from private...

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