HSBC launches lending facility for startups in China's Pearl River Delta
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 investors over the last few years, the promising technology startups in China, the world's second-largest economy, have shunned traditional lenders, seeking to instead raise funds directly from equity investors.
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