TNAG-2467-FCO40-3591-Economic-situation-in-Hong-Kong-1992 — Page 60

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Table A: Foreign Banks' Presence in Hong Kong, Singapore and the UK (excludes representative offices)

Hong Kong

(end 1991)

Number

% share

Singapore (end 1989) Number

UK

% share

(Feb 1992) Number

% share

Total Bank

375

136

518

Population

Foreign banks,

338

90

124

91

344

66

of which:

Japan

81

22

22

16

37

7

USA

43

11

16

12

48

2.6 The main conclusion to draw from Table A is that in terms of the

number of foreign banks, Hong Kong is far ahead of Singapore. Indeed, mainly because of the presence of Japanese banks, it has around the same number of foreign banks as London.

2.7 Data from IFS for deposit

banks' total foreign assets and

liabilities indicate that between

1980 and 1991 overall world

growth was about three and a half

times. For Hong Kong growth has

been 13-fold and for Singapore 7-

fold. As a result, Hong Kong's

share of total foreign

liabilities has nearly quadrupled

to about 7%

see Chart 1 - and

-

its world rank has risen from

12th to 4th by end-1991. Indeed

Hong Kong has overtaken Singapore

which saw its share of foreign

assets merely double to around 5% over the same period while its

rank has risen only to 10th from

11th. Data on deposit banks'

CHART 1: MARKET SHARE IN INTERNATIONAL

BANKING INTERMEDIATION

* SHARE

25

20

UK

15

JAPAN

10

USA

་་་

HK

GERMANY

SINGAPORE

0

1980

1985

1986 1987 1988 1989 1990 1991

foreign assets tell a similar story. This data confirms that Hong Kong is well ahead of Singapore in terms of international banking

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