Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for China, P.R.: Hong Kong
HKGFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,564,000,000.00
Year-over-Year Change
119.49%
Date Range
1/1/2004 - 1/1/2023
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in China's Hong Kong region. It provides insights into the usage of financial services and liability levels in Hong Kong's insurance industry.
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 'Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for China, P.R.: Hong Kong' trend tracks the total value of deposits held by insurance companies in Hong Kong to cover their non-life insurance obligations. This metric offers a window into the scale and activity of the region's insurance sector.
Methodology
The data is collected directly from insurance corporations operating in Hong Kong.
Historical Context
Policymakers and analysts monitor this trend to assess the financial health and risk exposure of Hong Kong's insurance industry.
Key Facts
- Hong Kong is a major global insurance hub.
- Insurance plays a crucial role in Hong Kong's financial services sector.
- Outstanding deposits reflect the scale of the non-life insurance industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held by insurance corporations in Hong Kong to cover their non-life insurance obligations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and financial health of Hong Kong's insurance industry, which is a crucial component of the region's broader financial services sector.
Q: How is this data collected or calculated?
A: The data is collected directly from insurance corporations operating in Hong Kong.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the risk exposure and stability of Hong Kong's insurance industry, which has important implications for the region's overall financial system.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, providing timely insights into the insurance industry's deposit levels.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for China, P.R.: Hong Kong (HKGFCLOFINPXDC), retrieved from FRED.