BARING Securities has the largest analyst team in Asia, according to The Estimate Directory.
The publisher has issued the territory's most comprehensive directory of analysts by brokerage, country and topic.
Australia has more equity analysts than Hongkong, yet Hongkong's stock market capitalisation is $70 billion higher.
Hongkong's stock market capitalisation is more than three times that of Singapore and there are 80 more analysts in the territory than in Singapore, yet the broking industry constantly cites Singapore as a major competitor to Hongkong.
Singapore came third in rankings for the number of analysts, with 107.
The twice-yearly publication is expected to be well-received by fund managers and headhunters both in and outside Hongkong.
Baring's has a total of 67 analysts, having the largest representation in Indonesia and Thailand. Barclays de Zoete Wedd (BZW) is second with 61 and Jardine Fleming Securities third with 50.