- HSBC launches a $4 billion credit facility in China to help clean energy and low-carbon companies expand internationally.
- The initiative supports sectors such as renewable energy, electric vehicles, data centres, and AI, accelerating technology deployment and decarbonisation across Asia.
HSBC has launched a $4 billion Sustainability and Transition Credit Facility in mainland China to support clean energy and low-carbon companies expanding into international markets. The initiative, announced on May 25, targets sectors including clean power, transport electrification, data centres, and artificial intelligence.
The facility reflects HSBC’s commitment to supporting business transformation, innovation, and sustainable growth. Through the programme, the bank will extend credit limits, streamline approval processes, and provide tailored financing solutions to eligible companies seeking international expansion.
China remains a global leader in clean technology manufacturing. The country accounts for approximately 47% of global cleantech exports and nearly two-thirds of worldwide solar and battery exports. At the same time, demand for clean technologies continues to rise. Global electric vehicle sales are expected to reach 26 million units in 2026, while electricity consumption from data centres could increase from 485 TWh in 2025 to 945 TWh by 2030.
The initiative also aligns with the ASEAN-China Free Trade Area 3.0 Upgrade Protocol, signed during the 47th ASEAN Summit in Kuala Lumpur. For the first time, the agreement expands cooperation into the green economy, digital economy, and supply chain connectivity.
Vietnam stands out as a major beneficiary of the facility. Renewable energy accounted for nearly 28% of the country’s installed power capacity in 2025, while electric vehicle penetration reached about 40%, one of the highest rates in ASEAN. In addition, Vietnam plans to invest $134.3 billion in power generation and transmission infrastructure by 2030, creating significant demand for renewable energy technologies and battery materials.
Regional momentum continues to build around clean energy development. During the 48th ASEAN Summit in the Philippines, leaders reaffirmed their commitment to accelerating the ASEAN Power Grid and strengthening regional energy integration.
Tim Evans, CEO and Head of Banking at HSBC Vietnam, said Vietnam’s rapid electric vehicle adoption, ambitious power development plans, and openness to foreign investment make it an attractive destination for Chinese clean energy companies. He added that HSBC is well positioned to facilitate the flow of capital and technology into the market.
Natalie Blyth, Global Head of Sustainable Finance and Transition at HSBC, noted that Chinese low-carbon companies continue to set new standards in advanced manufacturing while playing a critical role in the global energy transition. She said the new facility will help these companies access international growth opportunities and accelerate the deployment of clean technologies worldwide.