HSBC China Unveils US$4 Billion Credit Facility Targeting Indonesia as Primary Market
HSBC China has announced the launch of a US$4 billion credit facility to assist Chinese clean and low-carbon energy companies in expanding into international markets. This Sustainability and Transition Credit Facility targets the ASEAN region, with Indonesia as the primary focus.
HSBC Indonesia President Stuart Rogers stated that Indonesia’s energy transition represents one of the region’s largest clean energy investment opportunities, with significant financing required to meet 2030 targets.
“HSBC is strategically positioned to connect Indonesia’s ambitions with global clean energy companies, including those from China, which possess the technology, expertise, and capacity to deliver them. This credit facility strengthens our ability to do so,” he said in a statement on Thursday, 28 May 2026.
The credit facility provides funding for eligible Chinese companies across various sectors, including renewable energy, electric vehicles, data centres, and artificial intelligence (AI).
HSBC data shows China accounts for approximately 47% of global cleantech exports and two-thirds of global solar and battery exports. Additionally, global electric vehicle sales are projected to reach 26 million units by 2026, while global data centre electricity usage is expected to nearly double from 485 terawatt-hours (TWh) in 2025 to 945 TWh by 2030.
This market expansion is supported by the ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade Protocol, signed in Kuala Lumpur in October 2025. For the first time, the trade agreement expands China-ASEAN cooperation into green economy, digital economy, and supply chain connectivity sectors.
Rogers noted Indonesia stands to benefit from increased clean energy supply, as 91% of newly operational wind and solar projects in 2024 are cheaper than the world’s cheapest fossil fuel.
Indonesia presents the most significant clean energy investment opportunities in Southeast Asia, with financing needs projected at US$97 billion to meet its 2030 climate targets under the Just Energy Transition Partnership’s Comprehensive Investment and Policy Plan (CIPP).
As Chinese companies expand globally to meet international demand, HSBC’s new financing facility aims to efficiently deliver clean technologies and solutions to markets, contributing to global decarbonisation efforts. HSBC will offer expanded credit limits to eligible companies, streamline approval processes, and develop tailored financial solutions for individual business needs.