Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for China, P.R.: Hong Kong
HKGFCBODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.00
Year-over-Year Change
-48.81%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the number of branches, excluding headquarters, for other deposit takers in China's Hong Kong region. It provides insight into the geographical reach and accessibility of financial services in the local market.
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 Branches, Excluding Headquarters, for Other Deposit Takers for China, P.R.: Hong Kong' trend tracks the total count of branch locations for deposit-taking institutions, such as banks, in Hong Kong. This metric is used to assess the financial infrastructure and distribution of banking services across the region.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
This trend is relevant for understanding the competitive landscape and accessibility of financial services in the Hong Kong market.
Key Facts
- Hong Kong has over 1,500 bank branches, excluding headquarters.
- The number of branches has remained relatively stable over the past decade.
- Geographical outreach is a key metric for assessing financial inclusion in Hong Kong.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branches, excluding headquarters, for other deposit takers (such as banks) in the Hong Kong region. It provides insights into the geographical reach and accessibility of financial services in the local market.
Q: Why is this trend relevant for users or analysts?
A: The geographical outreach of deposit-taking institutions is an important indicator of financial infrastructure and the competitive landscape in the Hong Kong market. This metric is used by economists, policymakers, and financial analysts to assess market dynamics and financial inclusion.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hong Kong Monetary Authority, the central banking institution responsible for regulating the financial system in Hong Kong.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this trend to monitor the distribution of banking services and identify potential gaps in financial accessibility across Hong Kong. It informs decisions related to financial inclusion, infrastructure development, and market competition.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Hong Kong Monetary Authority, with minimal delays. However, the trend may not capture all types of deposit-taking institutions, and can be influenced by factors such as branch consolidation or expansion strategies of individual banks.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Deposit Takers for China, P.R.: Hong Kong (HKGFCBODDNUM), retrieved from FRED.