New Market Research Report: Hong Kong Commercial Banking Report Q4 2012
Recently published research from Business Monitor International, "Hong Kong Commercial Banking Report Q4 2012", is now available at Fast Market Research
| Published on 25 October 2012 |
by Bill Thompson
(WireNews+Co)
Boston, MA
BMI View: Despite Singapore emerging as a strong competitor to Hong Kong's monopoly of the offshore yuan trade, we believe that the two cities are likely to complement, rather than rival each other. Singapore's main standout will be the extended global reach it has over Hong Kong in terms of its foreign exchange and commodities credentials.
Meanwhile, Hong Kong's main source of strength will be the jurisdiction Beijing implicitly has over the SAR, allowing it ample room to experiment with a liberalisation of the yuan in a controlled fashion. Following HSBC's launch of London's first offshore yuan bond, the spotlight has been thrown on Hong Kong again, with doubts as to whether the city was losing its stature as the global offshore yuan trading hub starting to surface.
London, together with Singapore, and to a lesser extent Taiwan, have emerged as strong competitors vying for a share of this lucrative business. Beijing has enacted a wave of financial reforms in recent years with the dual purpose of internationalising the yuan and further developing the domestic financial market, essentially paving the way for a surge in the offshore yuan market. On the demand side, corporations and investors, both foreign and local alike, look to the offshore yuan bond market, or Dim Sum bonds, for a host of reasons. Spurred by a gradual appreciation in the yuan that began in the mid-2000s amid increasing signs of a liberalisation in China's capital markets, foreign investors were lured by access to the increasing attractiveness of an appreciating currency.
Foreign corporations that conduct large scale operations on the mainland, meanwhile, look to Dim Sum bonds as a way to limit exposure to exchange rate risks. While the allure of rising currency may have receded in recent times, the relative stability of an exchange rate with which to conduct trade continues to shore up demand for Dim Sum bonds.
View Full Report Details (http://www.fastmr.com/prod/456333_hong_kong_commercial_banking_report_q4_2012.aspx)
Partial Table of Contents:
- Executive Summary - Table: Levels (HKDbn) - Table: Levels (US$bn) - Table: Levels At March 2012 - Table: Annual Growth Rate Projections 2012-2016 (%) - Table: Ranking Out Of 59 Countries Reviewed In 2011 - Table: Projected Levels (HKDbn)- Table: Projected Levels (US$bn)
- SWOT Analysis - Hong Kong Commercial Banking SWOT - Hong Kong Political SWOT - Hong Kong Economic SWOT- Hong Kong Business Environment SWOT
- Business Environment Outlook - Commercial Banking Business Environment Rating - Table: Commercial Banking Business Environment Ratings - Commercial Banking Business Environment Rating Methodology- Table: Asia Commercial Banking Business Environment Ratings
- Global Commercial Banking Outlook
- Regional Outlooks - Banking Slowdown Has Further To Run
- Asia Banking Sector Outlook - Table: Banks' Bond Portfolios 2011 - Table: Asia Commercial Banking Business Environment Ratings - Table: Comparison of Loan/Deposit & Loan/Asset & Loan/GDP ratios - Table: Anticipated Developments in 2012 - Table: Comparison of Total Assets & Client Loans & Client Deposits (US$bn) - Table: Comparison of US$ Per Capita Deposits (2011)- Table: Interbank Rates and Bond Yields
- Hong Kong Specific Banking Sector Outlook - Credit Retrenchment To Hit Earnings
- Economic Outlook
- Competitive Landscape - Market Structure - Protagonists - Table: Protagonists In Hong Kong's Commercial Banking Sector - Definition Of The Commercial Banking Universe - List Of Banks- Table: Licensed Banks In Hong Kong
- Company Profiles - HSBC - Table: Balance Sheet (HKDmn) - Table: Balance Sheet (US$mn) - Table: Key Ratios (%) - Bank of East Asia - Table: Stock Market Indicators - Table: Balance Sheet (HKDmn) -
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Posted 2012-10-25 10:13:00














