Hong Kong Banks Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Banks in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The banks industry profile comprises activities of banks and similar institutions, offering savings, loans, mortgages, and related financial services to consumers and businesses.
- The Hong Kongese banks industry had total assets of $3,504.7 billion in 2021, representing a compound annual growth rate (CAGR) of 5.7% between 2016 and 2021.
- The bank credit segment was the industry's most successful in 2021, with total assets of $1,432.3 billion, equivalent to 40.9% of the industry’s overall value.
- The COVID-19 pandemic has accelerated the digital transformation of the financial services industry. Hong Kong had already been at the forefront of technological innovation in banking, having previously launched the Smart Banking strategy in September 2017, and has since strengthened its efforts in digital banking capabilities through the Regtech roadmap.
- 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
- What was the size of the Hong Kong banks market by value in 2021?
- What will be the size of the Hong Kong banks market in 2026?
- 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?
- 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 strengths of leading players?
- 7.4. How are environmental and sustainable development goals influencing the industry?
- 7.5. What impact is the COVID-19 pandemic having on industry players?
- 8 Company Profiles
- 8.1. Bank of China Ltd
- 8.2. The Bank of East Asia Ltd
- 8.3. Standard Chartered Bank (Hong Kong) Ltd
- 8.4. Hang Seng Bank 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, 2017-21
- Table 2: Hong Kong banks industry category segmentation: $ billion, 2021
- Table 3: Hong Kong banks industry geography segmentation: $ billion, 2021
- Table 4: Hong Kong banks industry value forecast: $ billion, 2021-26
- Table 5: Hong Kong banks industry share: % share, by value, 2021
- Table 6: Bank of China Ltd: key facts
- Table 7: Bank of China Ltd: Annual Financial Ratios
- Table 8: Bank of China Ltd: Key Employees
- Table 9: The Bank of East Asia Ltd: key facts
- Table 10: The Bank of East Asia Ltd: Annual Financial Ratios
- Table 11: The Bank of East Asia Ltd: Key Employees
- Table 12: Standard Chartered Bank (Hong Kong) Ltd: key facts
- Table 13: Standard Chartered Bank (Hong Kong) Ltd: Key Employees
- Table 14: Hang Seng Bank Ltd: key facts
- Table 15: Hang Seng Bank Ltd: Annual Financial Ratios
- Table 16: Hang Seng Bank Ltd: Key Employees
- Table 17: Hong Kong size of population (million), 2017-21
- Table 18: Hong Kong gdp (constant 2005 prices, $ billion), 2017-21
- Table 19: Hong Kong gdp (current prices, $ billion), 2017-21
- Table 20: Hong Kong inflation, 2017-21
- Table 21: Hong Kong consumer price index (absolute), 2017-21
- Table 22: Hong Kong exchange rate, 2017-21
- List of Figures
- Figure 1: Hong Kong banks industry value: $ billion, 2017-21
- Figure 2: Hong Kong banks industry category segmentation: % share, by value, 2021
- Figure 3: Hong Kong banks industry geography segmentation: % share, by value, 2021
- Figure 4: Hong Kong banks industry value forecast: $ billion, 2021-26
- Figure 5: Forces driving competition in the banks industry in Hong Kong, 2021
- Figure 6: Drivers of buyer power in the banks industry in Hong Kong, 2021
- Figure 7: Drivers of supplier power in the banks industry in Hong Kong, 2021
- Figure 8: Factors influencing the likelihood of new entrants in the banks industry in Hong Kong, 2021
- Figure 9: Factors influencing the threat of substitutes in the banks industry in Hong Kong, 2021
- Figure 10: Drivers of degree of rivalry in the banks industry in Hong Kong, 2021
- Figure 11: Hong Kong banks industry share: % share, by value, 2021
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