Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for China, P.R.: Hong Kong
HKGFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,832,004,921,000.00
Year-over-Year Change
78.64%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at commercial banks in China's Hong Kong Special Administrative Region, providing insights into the level of financial services usage and economic activity.
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, Assets: Outstanding Loans at Commercial Banks for China, P.R.: Hong Kong trend tracks the total value of outstanding loans held by commercial banks in Hong Kong. This metric serves as an indicator of credit conditions and the overall level of economic and financial activity in the region.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
Policymakers and analysts use this trend to gauge the health of Hong Kong's financial system and broader economic conditions.
Key Facts
- Hong Kong is a major global financial center.
- Outstanding loans at commercial banks reflect credit availability.
- The trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by commercial banks in Hong Kong, providing insights into the level of financial services usage and economic activity in the region.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding credit conditions, financial system health, and broader economic activity in Hong Kong, a major global financial hub.
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 analysts use this trend to gauge the health of Hong Kong's financial system and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Hong Kong Monetary Authority, but there may be some minor delays in reporting.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for China, P.R.: Hong Kong (HKGFCSODCXDC), retrieved from FRED.