Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for China, P.R.: Hong Kong
HKGFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,342,132,933,000.00
Year-over-Year Change
109.55%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the outstanding deposits held at commercial banks in Hong Kong, which is an important indicator of financial activity and liquidity in the Chinese territory.
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 outstanding deposits at commercial banks in Hong Kong represent the total value of money placed in checking, savings, and other deposit accounts. This metric provides insight into the overall level of financial services usage and the availability of capital for lending and investment.
Methodology
The data is collected directly from commercial banks operating in Hong Kong and aggregated by the Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the health of Hong Kong's financial system and broader economic conditions.
Key Facts
- Hong Kong is a major global financial center.
- Deposits at commercial banks indicate liquidity and economic activity.
- China's control of Hong Kong impacts its financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at commercial banks in Hong Kong, providing insight into financial services usage and overall liquidity in the territory.
Q: Why is this trend relevant for users or analysts?
A: This metric is an important indicator of the health and activity of Hong Kong's financial system, which is crucial for understanding broader economic conditions in the region.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Hong Kong and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall state of Hong Kong's financial system and make informed decisions about economic and financial regulations.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be occasional lags or limitations in reporting from the commercial banks.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for China, P.R.: Hong Kong (HKGFCLODCXDC), retrieved from FRED.