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HSBC Holdings PLC has launched a $1.5 billion innovation banking program in Singapore to support startups, scale-ups, and venture investors. The program will provide financing solutions for high-growth innovation companies to scale their businesses across multiple markets. HSBC has named Neil Falconer as the head of innovation banking in Singapore and Shaun Sakhrani as the head of credit solutions. The program will offer platform finance and venture debt for innovation banking clients.

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