Financial Services
Business operations hit all-time high
                                                                                                 
                        
                          	7,250 companies are alive and kicking.
                    
                                        
                    
                Hong Kong bond issuers most active in Asia
                                                                                                 
                        
                          	Hong Kong accounts for 19% of the USD77.8bn-worth of USD bond issuances in Asia ex-Japan.
                    
                                        
                    
                China Life issues profit warning
                                                                                                 
                        
                          	Net profit for 9M11 is forecast to decrease by around 55% YoY.
                    
                                        
                    
                Raiffeisen Bank International AG gets banking license in Hong Kong
                                                                                                 
                        
                          This brings the number of licensed banks in Hong Kong to 155.
                    
                                        
                    
                Government issues alert against bogus website
                                                                                                 
                        
                          	The website www.schmailhk.com looks similar to Shanghai Commercial Bank's online portal.
                    
                                        
                    
                Why Hong Kong banks are not going to crash anytime soon
                                                                                                 
                        
                          	Large debt burdens threaten financial stability across advanced economies but not in Hong Kong, says IMF.
                    
                                        
                    
                Hong Kong amongst highly compliant with Basel 3 liquidity rules
                                                                                                 
                        
                          	Check out the progress level of Hong Kong compared with the rest of the world.
                    
                                        
                    
                Exchange Fund's foreign assets reaches $2 trillion
                                                                                                 
                        
                          	MAS said it rose $30.8b in September.
                    
                                        
                    
                Almost all 23,600 government quarters are occupied
                                                                                                 
                        
                          	The vacancy rate is less than 0.1%.
                    
                                        
                    
                FS Tsang goes to Tokyo for IMF and World Bank meetings
                                                                                                 
                        
                          	Upon his arrival, Mr Tsang met with Blackrock's Asia Pacific region Chairman Mark McCombe.
                    
                                        
                    
                Hong Kong's banking sector dragged down by China
                                                                                                 
                        
                          	The sector now faces lower margins.
                    
                                        
                    
                Singapore stands to unseat Hong Kong as RMB trading hub
                                                                                                 
                        
                          	Singapore has issued full banking licenses to branches of two Chinese Big Four banks.
                    
                                        
                    
                Genting Hong Kong enters into facilities agreement
                                                                                                 
                        
                          	The agreement contains a specific performance obligation imposed on the Lim Family.
                    
                                        
                    
                Check out Hang Seng Bank's third interim dividend
                                                                                                 
                        
                          	The amount per share will be payable on 13 November to shareholders.
                    
                                        
                    
                HKEx appoints David Graham as first Chief Regulatory Officer
                                                                                                 
                        
                          	Mr Graham will oversee its Listing Division among other functions.
                    
                                        
                    
                Foreign currency reserves reached US$301.2b in September
                                                                                                 
                        
                          	That is a US$3b increase from August, says the Monetary Authority.