HSBC deploys $4b for Chinese clean energy firms seeking overseas expansion

The bank expects Singapore to play a central role in deploying the funds across ASEAN.

HSBC has launched a $4b credit facility dedicated to helping mainland Chinese companies in the clean energy and low-carbon sectors scale internationally, including in the ASEAN region.

The Sustainability and Transition Credit Facility will offer financing to mainland China businesses across a wide range of sectors, including clean power, electrification of transport, data centres, and artificial intelligence, with a focus on those expanding internationally, the bank said in a press statement.

HSBC expects Singapore to play a central role in deploying the $4b credit facility across the ASEAN region.

HSBC is seeing strong interest from leading Chinese clean energy businesses to expand into ASEAN through Singapore, said Gilbert Ng, head of banking, corporate and institutional banking, HSBC Singapore.

“This new funding solution broadens the sustainable finance options available in Singapore and supports the City-State’s ambition to mobilise capital for climate action across the region,” Ng said.

ASEAN is one of the world’s largest recipients of foreign direct investment (FDI), with more than 60% of regional inflows directed to Singapore, HSBC said, citing 2024 data from the Association of Southeast Asian Nations.