20 August 2018

HSBC Pioneer Bets on Promising SMEs

  • Exclusive programme for SMEs, designed to accelerate growth and expansion abroad
  • Pioneer aligns with HSBC's commitment to growing SMEs in Asia

HSBC Singapore has officially launched HSBC Pioneer, an exclusive 12-month programme for fast growing businesses, offering a suite of next-level banking and services that provide selected firms with tailored solutions to meet their burgeoning needs.

HSBC Pioneer is by invitation only. SMEs normally don't have access to the full suite of banking services that large multinational companies have. Pioneer opens up some of these services to members, offering them flexibility, support, expertise and future focus solutions.

Pioneer's proposition provides members with:

  • Delivery of our service promise: An experienced Relationship Manager and dedicated access to HSBC's Cash Management and Trade specialists
  • Access to funding: Flexible funding options, including extended trade facilities and corporate banking cards
  • Building connections and knowledge: Access to exclusive networking seminars, client events and HSBC specialists and insights
  • Growing internationally: Support for international growth, leveraging our global network in 54 markets
  • Recognising the individual: Access to wealth management solutions for eligible individuals, in coordination with HSBC Private Banking

Singapore is one of the first countries in the HSBC network to launch Pioneer and reflects the success this city-state has had in incubating and accelerating the growth of local companies. The number of SMEs has seen an average annual growth rate of 4.5% in the past four yearsi.

HSBC understands that SMEs often need to enter new markets in order to expand – which brings with it its own set of challenges. In a recent reportii by the Singapore Business Federation, 77% of companies surveyed indicated their intentions to expand in 2018-2019. Of these, 77% identified ASEAN as the target region, followed by China (22%) and South Asia (15%).

Ng Li Lian, Head of HSBC Singapore's Business Banking sees the Pioneer proposition as a boost for promising SMEs: "Pioneer is essentially HSBC's accelerator programme for promising and ambitious small and medium enterprise enabling them to grow beyond Singapore's borders and scale new heights. The new proposition is HSBC's way of recognizing and reaffirming our faith in our SME partners and provides them with the necessary tools and support to enable them to thrive further.

One such fast growing Singapore company that's beginning to enjoy the benefits of being a Pioneer is The Golden Duck – maker of Singapore's salted egg yolk chips. Mr. Christopher Hwang, co- founder of the gourmet snack company, feels that Pioneer has given them the opportunity to work more closely with HSBC on their company's expansion needs.

"We managed to secure funding for our rapid expansion and production and we also had the chance to attend the bank's exclusive corporate events which were a valuable source of information and excellent platform  for networking," said Mr Hwang.

Ms Ng continued: "Pioneer recognises the potential of this particular class of SMEs. We want to support the drive and commitment these businesses possess and help keep their momentum going. We believe that with additional support, we can help businesses like The Golden Duck, reach their next level of growth."

The launch of Pioneer aligns with HSBC's commitment to growing SMEs in Asia and specifically in Singapore.

As it enters a new growth phase, HSBC aims to play a vital role in supporting Singapore's ambition to be a hub for global trade and startups.

Earlier this year, HSBC Singapore announced a new country strategic plan that included building its people, product and technology capacities across its global and commercial banking businesses. The roll out of HSBC Pioneer is part of the plan to accelerate growth through the development of SME businesses in Asia, as well as its presence in ASEAN.

Mr Alan Turner, Head of Commercial Banking for HSBC Singapore, said, "Singapore has always been a priority market for HSBC. The Pioneer programme exemplifies our belief in the quality and potential of SMEs in the country."

For more information on HSBC Pioneer, go to www.business.hsbc.com.sg/pioneer.

 

  • i. Department of Statistics Singapore
  • ii. SBF ASEAN Outlook Survey 2017/2018

Disclaimer

This article is issued by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC” or “we”).

The information contained in this article is derived from sources we believe to be reliable but which we have not independently verified. HSBC makes no representation or warranty (express or implied) of any nature nor is any responsibility of any kind accepted with respect to the completeness or accuracy of any information, projection, representation or warranty (expressed or implied) in, or omission from, this article. No liability is accepted whatsoever for any direct, indirect or consequential loss (whether arising in contract, tort or otherwise) arising from the use of or reliance on this article any information contained herein by the recipient or any third party. If you seek to rely in any way whatsoever upon any content contained in this article, you do so at your own risk.

This article does not constitute an offer or solicitation for, or advice that you should enter into or start using, any of the arrangement, product or services mentioned in this document. Recipients should not rely on this document in making any decisions and they should make their own independent appraisal of and investigations into the information described in this article. No consideration has been given to the particular business objectives, financial situation or particular needs of any recipient. Any examples given are for the purposes of illustration only.

All the information set out in this article is provided in good faith to the best of HSBC’s knowledge and understanding of the current law, rules, regulations, directions and guidelines governing or otherwise applicable to the relevant services offered by HSBC but HSBC makes no guarantee, representation or warranty and accepts no liability as to its accuracy or completeness. Future changes in such law, rules, regulations etc. could affect the information in this article but HSBC is under no obligation to keep this information current or to update it. Expressions of opinion are those of HSBC only and are subject to change without notice.

Copyright © The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch 2018. All rights reserved. No part of this article may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC.

Issued by The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch.

Contact us

Customer Service and Technical Support

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.