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

In: The Banking Sector in Hong Kong

Author

Listed:
  • Jim Wong
  • Eric Tak-Chuen Wong
  • Tom Pak-Wing Fong
  • Ka-Fai Choi

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.

Suggested Citation

  • Jim Wong & Eric Tak-Chuen Wong & Tom Pak-Wing Fong & Ka-Fai Choi, 2008. "Competition in Hong Kong’s Banking Sector: A Panzar–Rosse Assessment," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Hans Genberg & Cho-Hoi Hui (ed.), The Banking Sector in Hong Kong, chapter 2, pages 17-31, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-22737-8_2
    DOI: 10.1057/9780230227378_2
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    Cited by:

    1. Stijn Claessens, 2009. "Competition in the Financial Sector: Overview of Competition Policies," The World Bank Research Observer, World Bank, vol. 24(1), pages 83-118, April.
    2. Chun-Yu Ho, 2010. "Deregulation, competition and consumer welfare in a banking market: evidence from Hong Kong," Journal of Regulatory Economics, Springer, vol. 37(1), pages 70-97, February.
    3. Faisal Mehmood Mirza & Olvar Bergland & Isma Khatoon, 2016. "Measuring the degree of competition in Pakistan’s banking industry: an empirical analysis," Applied Economics, Taylor & Francis Journals, vol. 48(53), pages 5138-5151, November.
    4. J.A. Bikker & L. Spierdijk, 2008. "How Banking Competition changed over Time," Working Papers 08-04, Utrecht School of Economics.
    5. Fung, Michael K. & Cheng, Arnold C.S., 2010. "Convergence of total factor productivity among banks: Hong Kong's experience," Global Finance Journal, Elsevier, vol. 21(2), pages 201-210.
    6. Mulyaningsih, Tri & Daly, Anne & Miranti, Riyana, 2015. "Foreign participation and banking competition: Evidence from the Indonesian banking industry," Journal of Financial Stability, Elsevier, vol. 19(C), pages 70-82.

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