Hong Kong fintech company Fund park has secured a three-year, $250 million private loan from HSBC Holdings Plc as a senior facilities supplier, the second such investment the company has secured this year.
Funding for asset-backed securities comes from HSBC 3 billion dollars “A new economy facility” focused on technology and healthcare in Hong Kong and mainland China, said Hay Yip, FundPark’s chief strategy officer and chief of staff, in an interview on June 21. HSBC will provide up to $200 million as lead lender, with the rest coming from other partners.