HSBC GBA+ Healthcare Fund
Back to Bridging the GBA, Spanning the GlobeHSBC launched a new USD700 million debt financing scheme to support fast-growing, early-stage healthcare companies in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”). This latest initiative reinforces HSBC’s on-going strategic commitment to helping entrepreneurs capture new opportunities in the GBA, with added benefits for healthcare companies in Mainland China in general.
The dedicated Fund is customised for the healthcare sector, focusing on companies in the sub-sectors of healthcare tech, healthcare services, pharmaceutical, medical device, contract services and third party medical institutions. It aims to provide financing to support the scaling up of companies with viable business models, primarily at the pre-profit stage.
Since June 2019, HSBC has already financed over 50 new economy companies through the HSBC GBA+ Technology Fund, which was recently upsized from USD880 million to USD1.13 billion to accommodate strong customer demand.
Including the GBA+ Healthcare Fund, HSBC has earmarked over USD 1.8 billion in facilities for new economy companies in the vibrant city cluster.
We have seen a strong momentum for growth in the innovative industries in the GBA, particularly the healthcare sector which usher in new development opportunity in post-covid era. The increased integration of GBA will enhance synergies among cities in the region and nurture the next-generation new economy innovative businesses. The dedicated funds will allow us to provide better support to the entrepreneurs and play a bigger role in creating a global innovation hub in the GBA.
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In addition to providing general working capital, capital expenditure facilities and treasury solutions, the GBA+ Healthcare Fund is able to support corporate finance activities, such as M&A, for later-stage companies. This offers fast-growing healthcare companies a whole-of-lifecycle solution, supporting them from early stage to pre-IPO and beyond.
As one of the leading international banks in the GBA, HSBC is committed to supporting local entrepreneurs and innovative companies in the region. Apart from funding support, HSBC has dedicated client coverage teams in Guangdong and Hong Kong to support the business ambitions of technology and healthcare companies. The Bank continues to enhance its solutions to meet the full range of banking needs for businesses at every stage of their growth journey. Earlier this year, a first-of-its kind mobile platform – HSBC GBA WeChat Mini Programme – was launched to support the cross-border business needs of SMEs.
