Percentage of Foreign Banks Among Total Banks for Hong Kong SAR, China
DDOI13HKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.00
Year-over-Year Change
4.29%
Date Range
1/1/1995 - 1/1/2013
Summary
This economic trend measures the percentage of foreign banks among total banks in Hong Kong SAR, China. It provides insight into the composition and openness of Hong Kong's banking sector.
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 percentage of foreign banks among total banks in Hong Kong SAR, China reflects the level of foreign participation and competition in the local banking industry. This metric is used by economists and policymakers to assess the diversity and integration of Hong Kong's financial system.
Methodology
The data is collected and calculated by the World Bank based on official sources.
Historical Context
This trend is relevant for understanding the development and competitiveness of Hong Kong's banking markets.
Key Facts
- Hong Kong has one of the highest percentages of foreign banks globally.
- The percentage of foreign banks in Hong Kong has remained above 70% since the 1990s.
- Hong Kong's open banking market attracts leading international financial institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of foreign banks among the total number of banks operating in Hong Kong SAR, China.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the openness and competitiveness of Hong Kong's banking sector, which is a key driver of its status as an international financial center.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the diversity and integration of Hong Kong's financial system, which informs policies related to banking regulations and market development.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, so there may be a delay of up to a year in the most recent figures.
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Citation
U.S. Federal Reserve, Percentage of Foreign Banks Among Total Banks for Hong Kong SAR, China (DDOI13HKA156NWDB), retrieved from FRED.