HSBC lays off at least a dozen Asia dealmakers amid weaker activities
Bankers in Hong Kong and Singapore will be affected as the lender cuts costs.
India’s GPS Renewables snags $50m in debt financing
It raised $20 million in its Series B equity funding in 2022.
Chinese electric heavy-duty truck developer Windrose closes Series B round at $110m
Part of the Series B financing was in the form of bank debt, led by HSBC through its HSBC New Economy Fund.
Asia business won’t be spun off, says HSBC chairman
The bank in February reported a 78% jump in 2023 pretax profit to $30b.
ID Digest: HSBC reviewing 8 SE Asian firms for potential investment; Amar Bank partners eFishery
HSBC will back companies from its $1b ASEAN Growth Fund.
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
The ASEAN Growth Fund will focus on cashflow-generating startups.
Akulaku raises $100m in debt financing from HSBC, says CEO
The firm will use the funds to settle some of its outstanding debts, CEO William Li told Reuters.
HSBC, StanChart to run JPMorgan’s $500b custody business in HK, Taiwan
The Wall Street bank has decided to outsource its local custodian in Hong Kong to HSBC and Taiwan to StanChart.
HSBC to improve ties with HK unit Hang Seng Bank to mitigate risk
Hang Seng's top executives will be more closely involved in its parent's Asia-Pacific risk management discussions
HSBC partners with Google to meet $1b climate tech finance goal
HSBC will provide financing to companies picked by Google.