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HK Overview
HK$ Debt Market Bonds vs. Banks   Source: HKMA
Hong Kong Banking Industry ,[object Object],Fully Licensed Banks -23 Locally Incorporated -108 Foreign Incorporated  Restricted License Banks - 33 RLB’s Deposit Taking Corporations - 33 DTC’s
Hong Kong Banking Industry Three Tier Structure ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],See:  http://www.info.gov.hk/hkma/eng/bank/index.htm
 
Hong Kong Banking Industry Three Tier Structure cont. ,[object Object],[object Object],[object Object],[object Object],[object Object]
Licensed Banks dominant! Source: HKMA
Most Assets Locally Incorporated
Multiple Currency Deposits ,[object Object],[object Object],[object Object]
 
Historical Origins ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Historical Origins ,[object Object],[object Object],[object Object]
Origins, Cont.  ,[object Object],[object Object]
Regulatory Framework ,[object Object],[object Object],[object Object]
Banking Ordinance of 1964 ,[object Object],[object Object],[object Object],[object Object]
Banking Ordinance of 1964 ,[object Object],[object Object],[object Object],[object Object]
Interest Rate Cartel ,[object Object],[object Object],[object Object],[object Object]
Banking Crisis of 1965 ,[object Object],[object Object],[object Object],[object Object]
DTC Ordinance of 1981 ,[object Object],[object Object],[object Object]
Declining Role of Non Full Licensed Banks
Banking Reform of 1986 ,[object Object],[object Object],[object Object]
High Concentration Top firms control a huge fraction of banking assets, 2005
Consolidation: Recent years have seen the merger of smaller banks.
Challenge for HK Banks ,[object Object],[object Object],[object Object],[object Object]
More reliance on property, less on commercial loans.
Lending by Sector
Rebound of Lending to China
Reading List ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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