Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Alex Ng is the founder and head of research of the economic and investment research house Fortress Hill Advisors. Prior to founding Fortress Hill Advisors, he worked as an economic research analyst across government, academic, and financial institutes including the Hong Kong Financial Secretary’s Office (Office of the Government Economist), Economic Research Center of the Institute of Asia-Pacific Studies at CUHK, and State Street Global Markets. Alex holds a Master of Arts in Economics degree from Columbia University in the City of New York and a Bachelor of Arts in Economics and Mathematics from Wesleyan University (CT, USA).

Our firm's expertise lies in macroeconomics, global macro,  global thematic research, company and equity research, multi-asset strategy, event driven, and ESG.

We also do proprietary trading on the firm's capital, to try to vindicate our investment thesis. Our flagship publication, Heard from Fortress Hill (HFFH) provides our weekly market observations and is freely available on our website: https://fortresshill-advisors.com/hffh/

Founder & Head of Research

China Outlook: Unbalanced and Slowing Growth

China's Serial Rate Cuts: What are Them and are They Effective in Reviving the Falling Economy

Outlook Overview: How Far Are the Rate Cuts?

China: May Industrial Production Held Steady, Fixed Asset Investment, Loans Growth Slowed

China Data: Weak Performance in July and into 2025

China - Weak data, the PBoC and the Third Plenum

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Macroeconomics

<ul>
<li>China August data was worse than expected and confirms the weak trend in H2, with retail sales a real worry.</li>
<li>The government risks missing the 5% growth target for 2024 and targeted fiscal policy moves are likely, but need to be implemented quickly. </li>
<li>10bps cut in the 7 day reverse repo rate is also likely in the coming months, with two 25bps RRR cuts. </li>
</ul>


China August data was worse than expected and confirms the weak trend in H2, with retail sales a real worry.
The government risks missing the 5% growth target for 2024 and targeted fiscal policy moves are likely, but need to be implemented quickly. 
10bps cut in the 7 day reverse repo rate is also likely in the coming months, with two 25bps RRR cuts. 


China: August Activity Data