Hong Kong: Retail sales growth accelerates in October Takeaways from our field trip in Hebei Unfavourable industry structure and severe overcapacity continues China shale gas – Not all it is fracked up to be Downgrade to N: Much is in the price Market Buzz：SCB leads rate reduction Hong Kong Banks At a glance... (HKMA October statistics, chartbook) Hong Kong Weekly Liquidity Monitor Investment Daily Unique business model with obvious competitive advantages Deep slump may reflect negative expectations