7/102 sources · 2 publishersUpdated Nov 11, 13:39 UTC
HSBC Doubles China Sustainability and Transition Facility to $8 Billion
HSBC expanded its Sustainability and Transition Credit Facility in China to $8 billion from $4 billion after the original capacity was fully committed. The facility supports clean-energy and low-carbon companies in mainland China, while HSBC is also broadening support for international businesses operating there.
Why it matters
The expansion increases the financing available to eligible Chinese clean-energy and low-carbon companies seeking to grow internationally. It also creates additional support for international businesses pursuing transition plans in China.
Key facts
- 1HSBC increased the facility from $4B to $8B. esgtoday.com
- 2The financing supports Chinese clean-energy and low-carbon companies expanding internationally. esgtoday.com
- 3HSBC also intends to support international businesses involved in China’s transition. sustainabilitymag.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.