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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 $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) as they and vaccine makers race to

meet global demand that outstrips supply.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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