HSBC China has unveiled a US$4 billion Sustainability and Transition Credit Facility designed to accelerate the international expansion of Chinese clean energy and low-carbon enterprises. This strategic initiative is primarily focused on the ASEAN region, with Indonesia positioned as a primary destination for these investments.
Stuart Rogers, President Director of HSBC Indonesia, emphasized that Indonesia represents one of the most significant clean energy investment opportunities in Southeast Asia. He noted that the financing scale required to meet the nation’s ambitious 2030 climate goals is substantial. “HSBC is strategically positioned to connect Indonesia’s ambitions with world-class clean energy companies from China that possess the technology, experience, and capacity to deliver results. This credit facility further strengthens our ability to bridge that gap,” Rogers stated in an official release on Thursday, May 28, 2026.
The funding is available to eligible Chinese firms operating across several high-growth sectors, including renewable energy, electric vehicle (EV) transportation, data centers, and artificial intelligence (AI).
Data from HSBC highlights China’s dominant role in the global transition, accounting for approximately 47 percent of global clean technology exports and two-thirds of global solar and battery exports. With global electric vehicle sales projected to hit 26 million units by 2026 and data center electricity consumption expected to nearly double—rising from 485 TWh in 2025 to 945 TWh by 2030—the demand for these technologies remains at an all-time high.
This market expansion is further supported by the ASEAN-China Free Trade Area (ACFTA) 3.0 Upgrade Protocol, signed in Kuala Lumpur in October 2025. For the first time, this trade agreement extends China-ASEAN cooperation into the green economy, digital economy, and supply chain connectivity.
According to Rogers, Indonesia stands to gain significantly from an increased supply of clean energy. As of 2024, 91 percent of newly operational wind and solar projects were already more cost-effective than the world’s cheapest fossil fuel alternatives. Consequently, the financing needs to meet Indonesia’s 2030 climate targets—as outlined in the Comprehensive Investment and Policy Plan (CIPP) of the Just Energy Transition Partnership (JETP)—are estimated at approximately US$97 billion.
As Chinese firms expand globally to meet rising demand, HSBC’s new facility aims to bring clean technology and solutions to the market with greater efficiency, ultimately contributing to global decarbonization efforts. To facilitate this, HSBC is offering expanded credit limits for qualified companies, streamlining credit approval processes, and developing bespoke financial solutions tailored to the specific needs of each business.
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Summary
HSBC China has launched a US$4 billion Sustainability and Transition Credit Facility to support Chinese clean energy and low-carbon enterprises in their expansion into the ASEAN market, with a primary focus on Indonesia. This initiative aims to bridge the financing gap for critical sectors including renewable energy, electric vehicle infrastructure, data centers, and artificial intelligence. By connecting Chinese technology providers with Indonesian projects, the facility seeks to accelerate the nation’s 2030 climate goals and support the transition to a greener economy.
The program leverages the ACFTA 3.0 Upgrade Protocol to facilitate cooperation in green and digital supply chains. As Indonesia requires approximately US$97 billion to meet its Just Energy Transition Partnership targets, this financing is expected to provide essential capital for cost-effective solar and wind projects. HSBC intends to streamline credit approvals and offer bespoke financial solutions to ensure that these Chinese firms can effectively deliver decarbonization technologies to the region.