Credit unions in Hong Kong

Hong Kong's importance in international banking has generally overshadowed its smaller solely domestic financial institutions. An examination of 51 credit unions found Hong Kong's industry highly concentrated with the top four credit unions controlling two-thirds of industry's members, deposits, loans and assets. As larger credit unions were also more profitable than their smaller counterparts, operational economies of scale appear available. The degree of employer sponsorships was also important. Most credit unions would probably gain from jointly offering more financial services through the Hong Kong Credit Union League. -Authors