Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for China, P.R.: Hong Kong
HKGFCLODXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,752,487,956,000.00
Year-over-Year Change
213.49%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the outstanding deposits held at other depository corporations in China's Hong Kong Special Administrative Region. It provides insights into the use and growth of financial services in one of the world's major financial centers.
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 other depository corporations, such as banks, serve as an indicator of the overall activity and liquidity in Hong Kong's financial system. This metric is closely monitored by economists and policymakers to assess the health and stability of the region's financial sector.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
Trends in Hong Kong's financial services deposits are closely watched for their implications on the region's economic and market conditions.
Key Facts
- Hong Kong is one of the world's leading financial centers.
- Outstanding deposits at Hong Kong banks totaled over $1.7 trillion in 2022.
- Deposit growth reflects the vitality of Hong Kong's banking and financial sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the outstanding deposits held at other depository corporations, such as banks, in China's Hong Kong Special Administrative Region.
Q: Why is this trend relevant for users or analysts?
A: Trends in Hong Kong's financial services deposits provide insights into the overall health and activity of the region's banking and financial sectors, which are crucial to its status as a leading global financial center.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Hong Kong Monetary Authority.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor trends in Hong Kong's financial services deposits to assess the stability and growth of the region's financial system, which has significant implications for broader economic and market conditions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Hong Kong Monetary Authority, with some potential for minor delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for China, P.R.: Hong Kong (HKGFCLODXDC), retrieved from FRED.