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Chewyyy
2021-04-09

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HSBC and Asian Development Bank join forces in $300 mln vaccine financing

LONDON, April 9 (Reuters) - HSBC and the Asian Development Bank (ADB) will provide a combined $30

HSBC and Asian Development Bank join forces in $300 mln vaccine financing

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PengsieX
·2021-04-09
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07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, April 9 (Reuters) - HSBC    and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia's supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday.</p><p>The initiative builds on a risk-sharing scheme the banks launched in July to help to fund suppliers of personal protective equipment <a href=\"https://laohu8.com/S/PPE.AU\">$(PPE.AU)$</a> as they and vaccine makers race to meet global demand that outstrips supply.</p><p>By leaning on the ADB's sovereign-level credit rating, private sector lenders such as HSBC can lend more easily to companies in the complex chain of vaccine supply production, HSBC said.</p><p>\"Right now demand for vaccines far outstrips supply and <a href=\"https://laohu8.com/S/AONE\">one</a> of the challenges is that supply and distribution networks have to be formed, which requires a lot of liquidity,\" said Surath 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Goodman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03143":"华夏香港银行股","00005":"汇丰控股","HSBA.UK":"汇丰控股有限公司","HSBC":"汇丰"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126701054","content_text":"LONDON, April 9 (Reuters) - HSBC    and the Asian Development Bank (ADB) will provide a combined $300 million in financing to help Asia's supply chains boost manufacturing capacity for COVID-19 vaccines, the two lenders said on Friday.The initiative builds on a risk-sharing scheme the banks launched in July to help to fund suppliers of personal protective equipment $(PPE.AU)$ as they and vaccine makers race to meet global demand that outstrips supply.By leaning on the ADB's sovereign-level credit rating, private sector lenders such as HSBC can lend more easily to companies in the complex chain of vaccine supply production, HSBC said.\"Right now demand for vaccines far outstrips supply and 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