HSBC "40 Billion SME Financing Scheme"

Helping businesses take off again
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Business partnership is all about supporting each other. Today, we are taking a leading role in helping our SME customers. We have reserved HKD40 billion in a new financing scheme to help you explore new opportunities and start a new chapter together as the economy starts to recover.

From now until 30 November 2021, successfully apply for the new term loan under “40 Billion SME Financing Scheme” 1 to enjoy up to HKD20,000 interest rebate2 plus a range of service offers*:

  • Up to 50% off trade transaction fees in the first 2 months for new Trade and Receivables Financing customers3
  • 100% waiver on additional autoPay payment code setup charges and 100% waiver on transaction fees in the first 2 months for new autoPay customers4
  • Fee waivers for new registrants of HSBC Business Collect service5
    • Point-of-sale solution device installation fee, device rental fee, set-up fee and annual fee will be waived until 31 December 2021#
    • Waiver for FPS QR code transaction fee for the first 3 months
  • 50% discount of first-year standard premium rate of HSBC Benefits+ Life Insurance Plan6
  • The first 500 customers who open a Business Integrated Account online and successfully apply for the financing scheme can enjoy 100% account opening fee rebate4

Get started

Please contact your Relationship Manager or call 2748 8238 for more details.

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Reminder: “To borrow or not to borrow? Borrow only if you can repay!”

*Terms and conditions apply and subject to contract. Please refer to the respective terms and conditions below.

#Subject to third party vendor’s terms and conditions. If there are any disputes or losses arising out of or in connection with this offer, HSBC shall not be held liable.


Terms and Conditions:

1. HSBC “40 Billion SME Financing Scheme” General Terms and Conditions

1. Save as otherwise indicated in the relevant terms and conditions or agreements, Scheme Participants refer to all new and existing HSBC Hong Kong commercial banking customers applying for new or incremental credit facility from 20 May 2021 to 30 November 2021 (both dates inclusive) and such facility is approved by HSBC and drawdown by the customer on or before 31 December 2021. In this context, credit facilities include all types of credit facilities generating debit balances except (i) Corporate Card, Business Card, Purchasing Card, and (ii) Business Integrated Account secured credit facility.

2. These terms and conditions are governed by and will be constructed in accordance with the laws of the Hong Kong Special Administrative Region.

3. In case of any dispute arising out of this offer, the decision of HSBC shall be final and conclusive.

4. In the event of any discrepancy or inconsistency between the English version and the Chinese version of these terms and conditions, the English version shall prevail.

Reminder: “To borrow or not to borrow? Borrow only if you can repay!”

2. Interest Rebate Terms and Conditions

1. [Eligible Customer] with new term loan facilities* approved by HSBC between 20 May 2021 and 15 December 2021 (both days inclusive), and drawdown on or before 31 December 2021, is eligible to be considered for a 2-month interest rebate in respect of such term loan facilities, up to a maximum of HKD20,000 per customer.

2. The interest rebate will be disbursed in such amount(s) and on such date(s) to be determined by HSBC.

3. A new term loan applied under this promotion and the associated interest rebate are subject to (a) credit and other assessments as well as approval by HSBC and (b) contract.

4. A customer will not be eligible for the abovementioned rebate if it has been or will be given any other preferential offers or treatments on interest in respect of the new term loan facility.

5. A customer will not be eligible for or entitled to the interest rebate if is unable to meet its payment obligations or comply with any of the terms of its agreements with HSBC.

6. HSBC reserves the right to revise these terms and conditions and/or postpone, suspend or terminate any of the promotion at any time without prior notice. HSBC accepts no liability for any such change, postponement, suspension or termination, and has the final decision on all matters and disputes arising out of the promotion.

7. Please refer to the General Terms and Conditions applies to The Scheme.

*Excluding certain term loan facilities such as 100% SME Financing Guarantee Scheme (“SFGS100”). Please contact HSBC for further details.

Reminder: “To borrow or not to borrow? Borrow only if you can repay!”

3. Trade Transaction Fee Rebate Offer Terms and Conditions

Promotional Offer of 50% fee rebate for new Trade and Receivables Finance customer

1. The promotional offer of 50% fee rebate set out in these terms and conditions (the “Promotion”) is available to customers of The Hongkong and Shanghai Banking Corporation Limited in Hong Kong (the “Bank”) who have successfully applied the facilities or services below with HSBC under HSBC “40 Billion SME Financing Scheme” from now until 30 November 2021, both dates inclusive (the “Promotional Period”) .

2. Eligible Customer who has successfully applied new trade facilities (excluding Bank Guarantee, Standby Letters of Credit and Documentary Credit issuance) with HSBC under HSBC “40 Billion SME Financing Scheme” within the Promotional Period, will benefit from a 50% rebate on any fees and charges (under G1 to G3 of the Bank’s tariff book (https://www.business.hsbc.com.hk/en-gb/resource-centre/commercial-tariffs) incurred within the first two months of drawdown and in respect of the utilization of such new trade facilities.

3. Eligible Customer who has successfully applied new receivables purchase services with HSBC under HSBC “40 Billion SME Financing Scheme” within the Promotional Period, will benefit from a 50% rebate on any Service Fees incurred within the first two months of drawdown.

4. Applicable fees and charges will be charged under the normal rate on the date as they are incurred.

5. Applicable rebate will be credited to the Eligible Customer on such date and manner to be determined by the Bank.

6. The Promotion and any new facilities and services are subject to credit and other assessment and approval by HSBC.

7. In case of disputes arising out of this Promotion, the decision of the Bank shall be final and conclusive.

8. The Bank reserves the right to suspend and/or terminate this Promotion, and/or vary these terms and conditions at any time without prior notice. The Bank accepts no liability for any such change or suspension/termination.

9. No person other than the Bank and the Eligible Customer will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these promotional terms and conditions.

10. In the event of any discrepancy or inconsistency between the English version and the Chinese version of these terms and conditions, the English version shall apply and prevail.

11. These terms and conditions are governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.

12. Please refer to the General Terms and Conditions applies to the HSBC “40 Billion SME Financing Scheme”

4. autoPay and Business Integrated Account Opening Offers Terms and Conditions

An Eligible Customer (as defined below) can enjoy the 2021 HSBC “40 Billion SME Financing Scheme” Promotion (this “Promotion”) for its first Business Integrated Account (the “Account”) application request made with The Hongkong and Shanghai Banking Corporation Limited in Hong Kong (the “Bank”) during 20 May 2021 and 30 November 2021, both dates inclusive (the “Promotional Period”), subject to these terms and conditions.

Promotion Details:

1. Account Application Fee

1.1 An Eligible Customer, as set out in clause 1.2, can enjoy 100% rebate (the “Rebate”) on the online account application fee for its first Account application request made with the Bank during the Promotional Period. For the avoidance of doubt, the Rebate applies only to the basic account application fee. Any additional fees charged on account application, e.g. service fee on special company account opening, will not be subject to the Rebate.

1.2 An Eligible Customer has to be one of the first 500 commercial customers who fulfills all of the following requirements:

(i) Has applied online for opening its first Account with the Bank during the Promotional Period; and
(ii) Has successfully applied for a new credit facility or credit facility increase (excluding Business Integrated Account secured credit facility) with the Bank under the HSBC “40 Billion SME Financing Scheme” during the Promotional Period; and
(iii) Has had the credit application, as set out in clause 1.2 (ii), approved on or before 15 December 2021.

1.3 The Rebate will be credited to the Account on or before 28 February 2022.

1.4 The Rebate will be settled in Hong Kong dollars. If a relevant fee is charged by the Bank to the Eligible Customer in a foreign currency, the Rebate will be converted from the foreign currency to Hong Kong dollars according to the prevailing conversion rate, as determined by the Bank on the date of crediting.

1.5 An Eligible Customer is not entitled to the Rebate if it closes the Account on or before the date of crediting.

2. autoPay Payment Code Setup Charge Offer

2.1 This offer is exclusive to an Eligible Customer whose bank account has applied with autoPay services for the first time with the Bank during the Promotional Period.

2.2 Only additional autoPay payment code setup requests for the bank account that fulfill all of the following criteria (“Eligible autoPay Payment Codes”) will be eligible for the offer:

(i) Has successfully applied for a new credit facility or credit facility increase (excluding Business Integrated Account secured credit facility) with the Bank under the HSBC “40 Billion SME Financing Scheme” during the Promotional Period; and
(ii) Has had the credit application, as set out in clause 2.2 (i), approved on or before 15 December 2021; and
(iii) Setup of which has been completed between 20 May 2021 and 31 December 2021, both dates inclusive (“autoPay Payment Code Offer Applicable Period”); and
(iv) Have been charged with service fee at the Bank’s standard rate prescribed in the “Commercial Tariffs” issued by the Bank.

2.3 Offer Details

(i) Each Eligible Customer is entitled to enjoy full rebate on the autoPay-in and autoPay-out payment code setup charges for Eligible autoPay Payment Codes (“autoPay Payment Code Rebate”), up to a maximum of 4 additional autoPay-in payment codes and a maximum of 4 additional autoPay-out payment codes set up during the autoPay Payment Code Offer Applicable Period.
(ii) The autoPay Payment Code Rebate will be settled in Hong Kong dollars.
(iii) An Eligible Customer is not entitled to the autoPay Payment Code Rebate if it closes the bank account on or before the date of crediting.
(iv) For autoPay Payment Codes setup between 20 May 2021 and 30 June 2021 (both dates inclusive), the autoPay Payment Code Rebate will be credited to the bank account on or before 31 October 2021.
(v) For autoPay Payment Codes setup between 1 July 2021 and 30 September 2021 (both dates inclusive), the autoPay Payment Code Rebate will be credited to the bank account on or before 31 January 2022.
(vi) For autoPay Payment Codes setup between 1 October 2021 and 31 December 2021 (both dates inclusive), the autoPay Payment Code Rebate will be credited to the bank account on or before 30 April 2022.
(vii) For the avoidance of doubt, additional autoPay-in or autoPay-out payment codes mean those set up on top of the first 4 free autoPay-on or the first 4 free autoPay-out payment codes.

3. autoPay Transaction Fee

3.1 This offer is exclusive to Eligible Customers whose bank account has applied with autoPay services for the first time with the Bank during the Promotional Period.

3.2 Only autoPay transactions that fulfill all of the following criteria (“Eligible autoPay Transactions”) will be eligible for the Transaction Fee Rebate:

(i) Has successfully applied for a new credit facility or credit facility increase (excluding Business Integrated Account secured credit facility) with the Bank under the HSBC “40 Billion SME Financing Scheme” during the Promotional Period; and
(ii) Has had the credit application, as set out in clause 3.2 (i), approved on or before 15 December 2021; and
(iii) Placed and successfully processed via HSBC Business Internet Banking or HSBCnet of the account during the Transaction Fee Rebate Applicable Period (refers to clause 3.3); and
(iv) Processed and charged with upfront transaction fee at the Bank’s standard rate prescribed in the “Commercial Tariffs” issued by the Bank.

3.3 In the two-month period commencing from the first day of the next calendar month after a bank account is successfully setup with autoPay services (the “Transaction Fee Rebate Applicable Period”), an Eligible Customer is entitled to 100% rebate on the transaction fee of Eligible autoPay Transactions (collectively, the “Transaction Fee Rebate”).

For autoPay services setup between 20 May 2021 and 30 June 2021 (both dates inclusive), the Transaction Fee Rebate will be credited to the bank account on or before 31 October 2021.

For autoPay services setup between 1 July 2021 and 30 September 2021 (both dates inclusive), the Transaction Fee Rebate will be credited to the bank account on or before 31 January 2022.

For autoPay services setup between 1 October 2021 and 31 December 2021 (both dates inclusive), the Transaction Fee Rebate will be credited to the bank account on or before 30 April 2022.

3.4 The Transaction Fee Rebate will be settled in Hong Kong dollars. If a relevant fee is charged by the Bank to the Eligible Customer in a foreign currency, the Transaction Fee Rebate will be converted from the foreign currency to Hong Kong dollars according to the prevailing conversion rate, as determined by the Bank on the date of crediting.

3.5 An Eligible Customer is not entitled to the Transaction Fee Rebate if it closes the bank account on or before the date of crediting.

General Terms & Conditions

4 An Eligible Customer cannot enjoy this Promotion in conjunction with any other campaigns offered by the Bank, save for the “2021 New-To-Bank Promotion”.

5 The Bank reserves the right to determine at its sole discretion the eligibility of an Eligible Customer who can enjoy this Promotion.

6 The Bank reserves the right to amend these terms and conditions and to terminate the Promotion at any time without prior notice. The Bank accepts no liability for any such changes and/or termination.

7 In case of any dispute arising out of or in connection with this Promotion, the decision of the Bank shall be final and conclusive.

8 No person other than the Eligible Customer and the Bank will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.

9 These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region (“Hong Kong”), and the Bank and each Eligible Customer agrees to submit to the non-exclusive jurisdiction of the courts of Hong Kong.

10 In the event of any discrepancy or inconsistency between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.

5. HSBC Business Collect Offers Terms and Conditions

GLCM HSBC Business Collect campaign – Partnership – 2020 - 2021

1. The promotion set out in these terms and conditions is available to corporate customers of The Hongkong and Shanghai Banking Corporation Limited in Hong Kong (the “Bank” or “HSBC”) who: (a) are merchants of HSBC Business Collect Service Partners (as defined below) on or before 30 Jun 2021; and (b) have submitted a duly completed application form for the e-Commerce solution and/or mPOS solution and/or mCommerce solution under HSBC Business Collect Services on or before 30 Jun 2021 (“Eligible Customers”).

2. An HSBC Business Collect Service Partner means an entity whose solution platform is integrated with HSBC for the enablement of HSBC Business Collect Service, including but not limited to: Boutir Limited (“Boutir”), EFT Payments (Asia) Limited (“EFT Pay”), EFT Solutions Limited, Everyware Limited, Global Payments Asia-Pacific (Hong Kong) Limited, HSBC Smart Solution, Integrated Solutions Limited (”ISL”), QuickTime System (“QTS”) and Starling Labs Limited (“SHOPLINE”).

3. An Eligible Customer can enjoy transaction fee waiver on the e-Commerce solution and/or mPOS solution and/or mCommerce solution (as applicable) for the first 3 months after successful service application.

4. The promotion cannot be enjoyed in conjunction with any pre-approved preferential pricing offered by the Bank on a case-by-case review basis.

5. The Bank reserves the right to amend these terms and conditions and to terminate the promotion at any time without prior notice. The Bank accepts no liability for any such changes and/or termination.

6. In case of any dispute arising out of or in connection with the promotion, the decision of the Bank shall be final and conclusive.

7. No person other than the Eligible Customer and the Bank will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these terms and conditions.

8. In the event of any discrepancy or inconsistency between the English and Chinese versions of these terms and conditions, the English version shall apply and prevail.

9. These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region.

SVF License Number: SVFB002

6. HSBC Benefits+ Life Insurance Plan Offer Terms and Conditions

We are pleased to offer to Eligible Customers* of the HSBC “40 Billion SME Financing Scheme” a 50% discount2 on the first-year standard premium rate of HSBC Life Benefits+ Life Insurance Plan (“Life Plan”) upon successful application and purchase of the Life Plan during the Designated Period1, subject to all of the following terms and conditions (“Offer”).

* “Eligible Customer(s)” means a HSBC customer who has successfully applied for the HSBC “40 Billion SME Financing Scheme” and also an existing HSBC Commercial Banking customer, subject to the terms and conditions of the Offer.

Terms & Conditions

1. The Offer is provided by HSBC Life (International) Limited (“HSBC Life”) to Eligible Customers if the Eligible Customers successfully applied for and purchased a Life Plan and that the policy effective date of the Life Plan is between 20 May 2021 and 31 December 2021, both dates inclusive (“Designated Period”). “Eligible Customer(s)” means a HSBC customer who has successfully applied for the HSBC “40 Billion SME Financing Scheme” and also an existing HSBC Commercial Banking customer, subject to all the terms and conditions of the Offer. The Eligible Customer must remain an existing HSBC Commercial Banking customer on the policy effective date of the Life Plan in order to be eligible for this Offer.

2. Under the Offer, a 50% discount will be applied to the first-year standard premium rate of the Life Plan. The standard premium rate will be stated in the policy schedule of the Life Plan to be issued by HSBC Life to you. The 50% discount shall only apply to the first year premium of the Life Plan and shall not be applicable after the first policy year.

3. HSBC Life reserves the right to accept or reject any application for the Life Plan based on information provided by the policyholder or applicant or any information HSBC Life otherwise receives or sources.

4. HSBC Life reserves the right to suspend, alter or terminate this Offer (in whole or in part) or amend the relevant terms and conditions at any time without notice.

5. The Offer is not exchangeable or redeemable for cash and is not transferable.

6. No person or entity other than the Eligible Members and HSBC Life will have any rights under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefits of any of the provisions of these terms and conditions.

7. These terms and conditions are subject to prevailing regulatory requirements.

8. These terms and conditions shall be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region. Each party submits to the non-exclusive jurisdiction of the courts of the Hong Kong Special Administrative Region.

9. In case of any dispute arising from the Offer or this campaign, the decision of HSBC Life shall be final and conclusive.

10. In the event of any discrepancy or inconsistency between the English version and the Chinese version of the promotion materials and these terms and conditions, the English version shall apply and prevail.

The above life insurance plans are underwritten by HSBC Life (International) Limited (“HSBC Life”), which is authorised and regulated by the Insurance Authority of the Hong Kong SAR to carry on long-term insurance business in the Hong Kong SAR. HSBC Life will be responsible for providing your insurance coverage and handling claims under your life insurance policy. The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency of HSBC Life for the distribution of life insurance products in the Hong Kong SAR. The above life insurance plans are products of HSBC Life but not HSBC and it is intended only for sale in the Hong Kong SAR.

The policyholder of the above life insurance plans is subject to the credit risk of HSBC Life. The premiums paid will form part of the HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only. The above does not constitute any offer for any insurance product. For product details, terms, conditions and exclusions, please refer to the relevant policy contracts, product brochures and proposals.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance products should be resolved between HSBC Life and you directly.

Issued by HSBC Life (International) Limited (incorporated in Bermuda with limited liability).

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