Number of banks reached 152 banks in 2018 in Hong Kong, according to the National Central Bank. This is 1.94 % less than in the previous year.
Historically, number of banks in Hong Kong reached an all time high of 159 banks in 2014 and an all time low of 133 banks in 2004. When compared to Hong Kong's main peers, number of banks in China amounted to 192 banks, 131 banks in Singapore and 46.0 banks in Vietnam in 2018.
Hong Kong has been ranked 10th within the group of 151 countries we follow in terms of number of banks, 5 places above the position seen 10 years ago.