Geographical Outreach: Number of Commercial Banks for China, P.R.: Hong Kong
HKGFCIODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
150.00
Year-over-Year Change
-3.23%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of commercial banks operating in China's Hong Kong Special Administrative Region. It provides insights into the region's financial sector development and its role as an international financial center.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Geographical Outreach: Number of Commercial Banks for China, P.R.: Hong Kong' indicator tracks the total count of licensed commercial banks headquartered and operating within the Hong Kong territory. This data point is used by economists and policymakers to assess the depth and breadth of Hong Kong's banking ecosystem.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
This trend is closely monitored by financial regulators and market analysts to gauge Hong Kong's competitiveness as a global financial hub.
Key Facts
- Hong Kong hosts over 150 licensed banks.
- The banking sector accounts for over 20% of Hong Kong's GDP.
- Hong Kong ranks among the world's top 3 largest banking centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of licensed commercial banks headquartered and operating within the Hong Kong Special Administrative Region.
Q: Why is this trend relevant for users or analysts?
A: This data point is used by economists and policymakers to assess the depth and breadth of Hong Kong's banking ecosystem and its role as an international financial center.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hong Kong Monetary Authority.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by financial regulators and market analysts to gauge Hong Kong's competitiveness as a global financial hub.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into Hong Kong's banking sector.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Commercial Banks for China, P.R.: Hong Kong (HKGFCIODCNUM), retrieved from FRED.