Competition in Hong Kong’s Banking Sector: A Panzar–Rosse Assessment

Jim Wong, Eric Tak-Chuen Wong, Tom Fong () and Ka-Fai Choi

Chapter 2 in The Banking Sector in Hong Kong, 2008, pp 17-31 from Palgrave Macmillan

Abstract: Abstract The operating environment of the banking sector in Hong Kong has undergone major changes in recent years, including regulatory liberalization, technological progress and industry consolidation.1 These structural developments could have implications for competitive conditions in the sector. Competition could lower financial intermediation costs and contribute to improvements in economic efficiency. However, since it may also reduce the market power and profitability of banks, it could weaken their ability to withstand adverse developments. It is important for policy makers to know the extent of competition in the sector and how it has evolved over time.

Keywords: Banking Sector; Input Price; Large Bank; Small Bank; Competitive Condition (search for similar items in EconPapers)
Date: 2008
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Working Paper: Competition in Hong Kong's Banking Sector: A Panzar-Rosse Assessment (2006)
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DOI: 10.1057/9780230227378_2

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