Geographical Outreach: Number of Institutions, Other Financial Corporations for China, P.R.: Hong Kong
HKGFCIOFNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,819.00
Year-over-Year Change
92.82%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of 'other financial corporations' institutions in China's Hong Kong region. It provides insights into the geographical reach and diversity of the financial services industry in this key global financial hub.
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 for China, P.R.: Hong Kong' series tracks the count of non-bank financial institutions located in Hong Kong. This data point is used by economists and policymakers to assess the growth and evolution of Hong Kong's financial ecosystem.
Methodology
The data is collected by the Hong Kong Monetary Authority through surveys of registered financial institutions.
Historical Context
This trend offers insights into Hong Kong's position as a leading international financial center and a barometer of its economic competitiveness.
Key Facts
- Hong Kong is one of the world's top 3 financial centers.
- The number of other financial corporations in Hong Kong has grown over 50% since 2010.
- Financial services account for over 20% of Hong Kong's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of 'other financial corporations' institutions located in Hong Kong. It provides insights into the growth and diversification of Hong Kong's financial services industry.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding Hong Kong's position as a leading global financial center and the development of its financial ecosystem.
Q: How is this data collected or calculated?
A: The data is collected by the Hong Kong Monetary Authority through surveys of registered financial institutions in the region.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Hong Kong's financial competitiveness and the broader health of its economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a short lag, providing timely insights into the financial services industry in Hong Kong.
Related Trends
Balance of Payments: Total Net Current Account for China, P.R.: Hong Kong
HKGBCAGDPBP6PT
Stock Market Total Value Traded to GDP for Hong Kong SAR, China
DDDM02HKA156NWDB
Number of Identified Exporters to Hong Kong from New Jersey
NJHKGA475SCEN
5-Bank Asset Concentration for Hong Kong SAR, China
DDOI06HKA156NWDB
Life Insurance Premium Volume to GDP for Hong Kong SAR, China
DDDI09HKA156NWDB
Amount Outstanding of Total Debt Securities in General Government Sector, All Maturities, Residence of Issuer in Hong Kong SAR
TDSAMRIAOGGHK
Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations for China, P.R.: Hong Kong (HKGFCIOFNUM), retrieved from FRED.