Security News > 2021 > January > HSBC invests in MioTech to expand its product offerings and geographic coverage

HSBC invests in MioTech to expand its product offerings and geographic coverage
2021-01-12 00:45

In 2020, MioTech successfully expanded its environmental, social and governance data coverage to more than a million public and private companies in the Greater China region.

MioTech plans to launch more datasets covering Asian and European markets.

"HSBC brings us a wealth of knowledge on ESG and green finance," said Jason Tu, Co-founder and CEO of MioTech.

"With the new round of financing, MioTech looks to invest more into developing sustainability data and technology, and will further expand its product offerings and geographic coverage."

"MioTech have already established impressive ESG capabilities across Greater China with the ability to expand into further geographies in the future and capitalise on the wealth of opportunities within this growing market."

Xavier Desmadryl, Global Head of ESG Research at HSBC Global Asset Management, said "This investment underlines our commitment to ESG and Asia and we look forward to working alongside MioTech to build on our capabilities in this space and extend these offerings to our client base".


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