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HSBC rolls out new green loan

It will accept applications based on Singapore industry certifications, doing away with the need for onerous green finance frameworks.

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"Ultimately, every business has a part to play in transitioning to a low-carbon economy - we already have interest from clients in the electric vehicle, engineering or manufacturing, clean water and recycling sectors," says HSBC Singapore's head of business banking Ng Li Lian.

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HSBC Singapore wants to make green finance easier and less costly for small and medium enterprises (SMEs) with a new green loan that will accept applications based on Singapore industry certifications.

This does away with the need for typically onerous green finance frameworks.

"We...