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The fund represents money "over and above" what the London-based bank would normally lend in the current business environment, and will be funded from its own resources, HSBC said in a statement.
Such businesses in Britain will be able to apply for 1.
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47 billion dollars of the fund, while those in Hong Kong will have access to 500 million, the bank said.
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The rest of the cash will support firms in other markets across the world.
"This is a difficult time for business in many economies," Michael Geoghegan, HSBC's Group CEO, said in the statement issued Sunday.
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"Customers are rightly looking to see how banks can help.
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I am pleased that HSBC is using its financial strength to help our small business customers around the world by delivering this new 5 billion dollar fund.
"SMEs (small and medium enterprises) are the lifeblood of most economies and it is their success that will create economic growth.
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"
HSBC has stressed throughout the global financial crisis that it is well capital