Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for China, P.R.: Hong Kong
HKGFCSODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75,022,318,000.00
Year-over-Year Change
19.16%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans at other deposit-taking institutions in China's Hong Kong region. It provides insights into the lending activities and financial services utilization within Hong Kong's deposit-taking sector.
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 Other Deposit Takers for China, P.R.: Hong Kong' metric tracks the total value of outstanding loans held by deposit-taking institutions in Hong Kong, excluding commercial banks. This data offers a comprehensive view of lending trends in the broader financial services industry.
Methodology
The data is collected and reported by the Hong Kong Monetary Authority.
Historical Context
This metric is widely used by economists, policymakers, and financial analysts to assess the overall lending conditions and credit dynamics within Hong Kong's non-bank deposit-taking sector.
Key Facts
- Hong Kong has a sophisticated, globally integrated financial system.
- Deposit-taking institutions play a vital role in Hong Kong's economy.
- Outstanding loans at non-bank deposit takers signal credit conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding loans held by deposit-taking institutions in Hong Kong, excluding commercial banks. It provides insights into lending activities in the broader financial services industry.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and financial analysts to assess the overall lending conditions and credit dynamics within Hong Kong's non-bank deposit-taking sector, which is a crucial component of the region's sophisticated financial system.
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: This trend is used by policymakers and analysts to monitor the lending activities and credit conditions in Hong Kong's financial services industry, which is essential for assessing the overall health and stability of the region's economy.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, and the metric provides a comprehensive view of lending trends in Hong Kong's non-bank deposit-taking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for China, P.R.: Hong Kong (HKGFCSODDXDC), retrieved from FRED.