HSBC launches $880m tech fund in China's Greater Bay area

A man walks past a logo of HSBC outside a branch at the financial Central district in Hong Kong, China June 2, 2015. REUTERS/Bobby Yip/File Photo

In a move to support fast-growing tech companies, HSBC has launched a $880-million fund focused on China’s Greater Bay Area of Guandong, Hong Kong and Macau, it said in a statement on Tuesday.

The fund, GBA+ Technology Fund, will provide senior debt financing to high-growth companies in sectors including e-commerce, fintech, robotics, biotech and healthcare technology.

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