This article is by: South China Morning Post
Read more about it here: HSBC sets up US$880 million technology fund to find the next Tencent or DJI in southern China’s Greater Bay Area
An excerpt from South China Morning Post:
As companies are looking to cash in on the potential of uniting the infrastructure and development of the Greater Bay Area, HSBC said on Tuesday that it is creating a US$880 million technology fund to provide financing to early stage companies in the region.
In 2018, the GBA was home to nearly 120 million people and had a combined gross domestic product of US$1.6 trillion, making it larger than Australia if it were a stand-alone economy. The China Centre for International Economic Exchanges, a government-affiliated think tank, has estimated that the region’s GDP could exceed US$4 trillion by 2030.
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