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The lending rate has been cut down to 2.25 per cent (25 basis points) by the Hong Kong Monetary Authority (HKMA) as reported by South China Morning Post.
It is the only large lender in Hong Kong to have come up with such measures recently.
Fujitsu sees a need for such tools amid a shortage of data specialists available to perform credit analysis in Japan’s financial sector.
Cityneon creates licensed interactive exhibitions based on blockbuster entertainment franchises such as Marvel’s Avengers superheroes.
Grab also plans to develop specific financial products including in insurance, credit and ultimately wealth management offerings.
The Hang Seng Index dived 3.27%, or 857.33 points; to 25,322 at the open.
The city’s benchmark Hang Seng Index has tumbled 12% over the past three weeks as protests grew violent.
Meanwhile the number of fintech deals globally rose about 2% from the first half of 2018.
Bleak China economic data overshadowed U.S. President Donald Trump’s trade concession
