Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for China, P.R.: Hong Kong
HKGFCIOFINUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.00
Year-over-Year Change
1.29%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of financial institutions, including other financial corporations and insurance corporations, operating in China's Hong Kong region. It provides insights into the level of financial activity and infrastructure in this important global 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 Institutions, Other Financial Corporations, Insurance Corporations for China, P.R.: Hong Kong trend tracks the count of various financial entities based in or serving the Hong Kong market. This data is useful for analyzing the development and competitiveness of Hong Kong's financial sector.
Methodology
The data is collected by the relevant statistical agencies in China and Hong Kong.
Historical Context
This trend is closely watched by policymakers, regulators, and market participants to gauge the health and growth of Hong Kong's financial ecosystem.
Key Facts
- Hong Kong is a major global financial center.
- The number of financial institutions in Hong Kong has grown steadily over time.
- Hong Kong's financial sector is crucial to its economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of financial institutions, including other financial corporations and insurance corporations, operating in the Hong Kong region of China.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the development and competitiveness of Hong Kong's financial sector, which is a crucial part of the region's economy.
Q: How is this data collected or calculated?
A: The data is collected by the relevant statistical agencies in China and Hong Kong.
Q: How is this trend used in economic policy?
A: This trend is closely watched by policymakers, regulators, and market participants to gauge the health and growth of Hong Kong's financial ecosystem.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and updates, but the trend provides a reliable indicator of financial activity in Hong Kong.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for China, P.R.: Hong Kong (HKGFCIOFINUM), retrieved from FRED.