Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for China, P.R.: Hong Kong
HKGFCIOFMNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,660.00
Year-over-Year Change
106.68%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the number of other financial corporations and intermediaries in China's Hong Kong region. It provides insights into the size and breadth of Hong Kong's financial services industry, which is a key driver of the region's economic growth.
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, Other Financial Intermediaries for China, P.R.: Hong Kong' data series tracks the total number of non-bank financial institutions operating in Hong Kong. This metric is used by economists and policymakers to gauge the depth and diversity of Hong Kong's financial sector.
Methodology
The data is collected by the Hong Kong Monetary Authority through regulatory filings and surveys.
Historical Context
This trend is closely monitored by financial market participants and policymakers to assess Hong Kong's competitiveness as an international financial center.
Key Facts
- Hong Kong is a leading global financial hub.
- The number of non-bank financial institutions in Hong Kong has steadily increased over the past decade.
- Financial services account for over 20% of Hong Kong's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of other financial corporations and intermediaries operating in the Hong Kong region, providing insights into the size and composition of Hong Kong's financial services industry.
Q: Why is this trend relevant for users or analysts?
A: The number of non-bank financial institutions in Hong Kong is a key indicator of the depth and competitiveness of the region's financial sector, which is a critical driver of economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the Hong Kong Monetary Authority through regulatory filings and surveys of financial institutions operating in the region.
Q: How is this trend used in economic policy?
A: Policymakers and market participants closely monitor this trend to assess Hong Kong's position as a leading international financial center and to inform decisions on financial regulations and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required for data collection and aggregation.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Financial Corporations, Other Financial Intermediaries for China, P.R.: Hong Kong (HKGFCIOFMNUM), retrieved from FRED.