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HSBC Singapore sets its sights on SME segment

It aims to expand its share of the market to 15 per cent from the current 10 per cent by 2021. BY VIVIEN SHIAO

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"Our proposition is not just about the provision of capital, but capital in the context of advice and assistance on whatever forms of capital other than debt capital might be available." - Alan Turner, managing director and head of commercial banking, HSBC, seen here with Ng Li Lian, HSBC country head of business banking

HSBC Singapore is no longer taking the back seat when it comes to the small and medium-sized enterprise (SME) banking segment here, with plans to raise its share in its target SME market from the current 10 per cent to 15 per cent by 2021.

As part of its global strategy, the Hong Kong-...