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: Struggling Middle Class and Bottom 50%

China Data: Weak Performance in July and into 2025

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 consumption patterns are slowing and becoming more volatile at a sub sector level. There is also less certainty over new employment and wage growth.</li>
<li>China’s consumption is vital to growth when production is transitioning from old economy dependency on residential investment, steel, cement and other industries. </li>
<li>We forecast GDP to slow in H2 and be 4.0% in 2025</li>
</ul>


China consumption patterns are slowing and becoming more volatile at a sub sector level. There is also less certainty over new employment and wage growth.
China’s consumption is vital to growth when production is transitioning from old economy dependency on residential investment, steel, cement and other industries. 
We forecast GDP to slow in H2 and be 4.0% in 2025


China Consumption Disappoints