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HSBC launches $1 billion lending fund for female entrepreneurs

SINGAPORE (Reuters) - HSBC Holdings (NYSE:HSBC) said on Thursday it was launching a $1 billion lending fund to invest in female-owned businesses over the next 12 months. The fund...
HSBC launches $1 billion lending fund for female entrepreneurs © Reuters. FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid

SINGAPORE (Reuters) - HSBC Holdings (NYSE:HSBC) said on Thursday it was launching a $1 billion lending fund to invest in female-owned businesses over the next 12 months.

The fund appears to be the largest of its type established anywhere, although HSBC did not comment on that issue.

"The level of funding received over time by female-led businesses is significantly lower than male counterparts, while the recent impacts of the pandemic have seen these same businesses disproportionately affected," Sam Cooper-Gray, global head of market strategy at HSBC Business Banking, said in a statement.

"Female-owned businesses are also less likely to have global networks, meaning international expansion can prove particularly challenging," she said.

HSBC said access to funding remained one of the biggest hurdles for female business leaders worldwide. Female-owned businesses had received just 3% of start-up funding in 2019, HSBC said.

HSBC's Female Entrepreneur Fund will be open to both new and existing customers across 11 markets, with nearly half of them in Asia, including Hong Kong, Singapore and Indonesia. Other markets include the United States, Britain and Uruguay.

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25-05-2022 06:02:45 (UTC+7)

EUR/USD

1.0735

+0.0001 (+0.01%)

Summary

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EUR/USD

1.0735

+0.0001 (+0.01%)

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GBP/USD

1.2544

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USD/JPY

126.82

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AUD/USD

0.7113

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EUR/CHF

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Gold Futures

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111.00

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US Coffee C Futures

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Euro Stoxx 50

3,647.56

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20,112.10

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1,768.22

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8,631.20

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48.755

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63.29

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197.86

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Adidas AG

171.20

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Deutsche Lufthansa AG

6.496

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Siemens AG Class N

114.20

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10.084

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 EUR/USD1.0735Sell
 GBP/USD1.2544Neutral
 USD/JPY126.82↑ Sell
 AUD/USD0.7113↑ Sell
 USD/CAD1.2823↑ Buy
 EUR/JPY136.15↑ Sell
 EUR/CHF1.0310↑ Sell
 Gold1,864.75↑ Sell
 Silver22.095Sell
 Copper4.3140↑ Sell
 Crude Oil WTI110.53↑ Sell
 Brent Oil111.00Neutral
 Natural Gas8.918Neutral
 US Coffee C213.83↑ Buy
 Euro Stoxx 503,647.56Neutral
 S&P 5003,941.48Neutral
 DAX13,919.75↑ Sell
 FTSE 1007,484.35Sell
 Hang Seng20,112.10↑ Buy
 Small Cap 20001,768.22↑ Buy
 IBEX 358,631.20↑ Buy
 BASF48.755↑ Buy
 Bayer63.29Neutral
 Allianz197.86Sell
 Adidas171.20Neutral
 Lufthansa6.496↑ Buy
 Siemens AG114.20↑ Buy
 Deutsche Bank AG10.084↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,900/ 6,990
(0/ 0) # 1,765
SJC HCM6,900/ 6,990
(0/ 0) # 1,764
SJC Hanoi6,900/ 6,992
(0/ 0) # 1,766
SJC Danang6,900/ 6,992
(0/ 0) # 1,766
SJC Nhatrang6,900/ 6,992
(0/ 0) # 1,766
SJC Cantho6,900/ 6,992
(0/ 0) # 1,766
Cập nhật 25-05-2022 06:02:47
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ↀ Giá vàng thế giới
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RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
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Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
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Brent$113.88+0.310.27%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.040,0023.350,00
EUR24.230,6125.587,89
GBP28.221,9329.425,91
JPY177,16187,56
KRW15,8619,33
Cập nhật lúc 05:59:04 25/05/2022
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