Summary
Banks in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Banking industry involves the activities of banks and similar institutions that offer financial services such as savings, loans, mortgages, and related services to businesses and consumers. Market value represents the total assets held by banks or related institutions in a country in a year. The market share represents the total asset held by the companies in the specific year. Geographical segmentation measures the total assets held by commercial banks of a particular region.
- The Hong Kongese banking industry recorded assets of $3,712 billion in 2024, representing a compound annual growth rate (CAGR) of 3.0% between 2019 and 2024.
- The bank credit segment accounted for the industry's largest proportion in 2024, with total assets of $1,284.6 billion, equivalent to 34.6% of the industry's overall value.
- The Hong Kongese banking industry grew by 4.4% in 2024, primarily driven by the decline in bank lending rates, which reduces borrowing costs and encourages greater credit uptake. Lower lending rates stimulate demand for personal and business loans, leading to an expansion in the bank credit segment, which directly increases the total assets held by banks. According to the Hong Kong Monetary Authority, the bank lending rate was reduced to 5.25% in December 2024, down from 5.88% in December 2023, facilitating broader access to credit.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the banks market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the banks market in Hong Kong
- Leading company profiles reveal details of key banks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong banks market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Hong Kong banks market by value in 2024?
- What will be the size of the Hong Kong banks market in 2029?
- What factors are affecting the strength of competition in the Hong Kong banks market?
- How has the market performed over the last five years?
- Who are the top competitors in Hong Kong's banks market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What have been the recent M&A activities?
8 Company Profiles
8.1. Bank of China (Hong Kong) Ltd
8.2. Hang Seng Bank Ltd
8.3. The Hongkong and Shanghai Banking Corp Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Hong Kong banks industry value: $ billion, 2019-24
Table 2: Hong Kong banks industry category segmentation: % share, by value, 2019-24
Table 3: Hong Kong banks industry category segmentation: $ billion, 2019-24
Table 4: Hong Kong banks industry geography segmentation: $ billion, 2024
Table 5: Hong Kong banks industry value forecast: $ billion, 2024-29
Table 6: Hong Kong banks industry share: % share, by value, 2024
Table 7: Bank of China (Hong Kong) Ltd: Key Facts
Table 8: Bank of China (Hong Kong) Ltd: Key Employees
Table 9: Hang Seng Bank Ltd: Key Facts
Table 10: Hang Seng Bank Ltd: Annual Financial Ratios
Table 11: Hang Seng Bank Ltd: Key Employees
Table 12: The Hongkong and Shanghai Banking Corp Ltd: Key Facts
Table 13: The Hongkong and Shanghai Banking Corp Ltd: Key Employees
Table 14: Hong Kong Size of Population (Million), 2020-24
Table 15: Hong Kong Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Hong Kong GDP (Current Prices, $ Billion), 2020-24
Table 17: Hong Kong Inflation, 2020-24
Table 18: Hong Kong Consumer Price Index (Absolute), 2020-24
Table 19: Hong Kong Exchange Rate, 2019-24
List of Figures
Figure 1: Hong Kong banks industry value: $ billion, 2019-24
Figure 2: Hong Kong banks industry category segmentation: $ billion, 2019-24
Figure 3: Hong Kong banks industry geography segmentation: % share, by value, 2024
Figure 4: Hong Kong banks industry value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the banks industry in Hong Kong, 2024
Figure 6: Drivers of buyer power in the banks industry in Hong Kong, 2024
Figure 7: Drivers of supplier power in the banks industry in Hong Kong, 2024
Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Hong Kong, 2024
Figure 9: Factors influencing the threat of substitutes in the banks industry in Hong Kong, 2024
Figure 10: Drivers of degree of rivalry in the banks industry in Hong Kong, 2024
Figure 11: Hong Kong banks industry share: % share, by value, 2024
