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OCBC Hong Kong Expands SME Sustainable Finance Scale, Related Financing Commitment Raised to SGD25 Billion
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OCBC Hong Kong announced that it will further expand its sustainable finance support for local small and medium-sized enterprises (SMEs). In line with the groups overall strategy, it plans by 2028 to support 12,000 SMEs across its core markets, assisting in driving sustainable development and transformation. As the group continues to advance its targets, the number of SMEs benefiting from sustainable finance and the related financing commitment amount are set to roughly double. The groups sustainable finance commitment to SMEs will increase from nearly SGD13 billion to SGD25 billion (from approximately HKD78 billion to approximately HKD150 billion). This trend reflects the growing emphasis placed by SMEs on sustainable development and their recognition of its critical role in enhancing competitiveness, business resilience and long-term growth. OCBC Hong Kong has already supported nearly 1,500 SMEs through sustainable finance solutions. Building on this foundation, it will further expand its support for SMEs in alignment with the groups development direction in core markets, providing practical, business-oriented and cost-effective solutions to facilitate sustainable operations among SMEs. (da/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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