hsbc-launches-green-equipment-loans

HSBC launches ôgreen equipmentö loans

The bank claims that its new equipment financing loan is the first eco-friendly financing product in Hong Kong.
HSBC has launched the first eco-friendly loan in Hong Kong - a move which comes at a time when the Hong Kong business community is paying more attention to the serious pollution problems in the territory and in mainland China itself.

Under the scheme, which is known as Green Equipment Financing, businesses that acquire environmentally-friendly equipment which is deployed in Hong Kong or China can apply for loans with an interest rebate and a principal repayment moratorium.

Machines eligible for the loans can be energy-saving, water-saving, fuel-saving, noise-reducing, waste-minimising, production materials consumption efficient, or air, land or water pollution-minimising. The Business Environment Council, a regional network partner of the World Business Council for Sustainable Development,...
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