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’s Solar Sector Must Consolidate Amid Mounting Losses, Industry Group Warns 

China's Excess Production over Domestic Demand

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>Over capacity problem has plagued China's heavy industry in the past years, especially in aluminium, steel, car, and construction.</li>
<li>On the other hand, consumption upgrade has been a recent policy direction of the Central Government. Overcapacity problem will start to emerge in lower-end manufacturing products.</li>
<li>As the economy produces and consumes higher-end goods, the supplies of heavy industries that end up with buildings and cars may get satisfied.</li>
</ul>


Over capacity problem has plagued China's heavy industry in the past years, especially in aluminium, steel, car, and construction.
On the other hand, consumption upgrade has been a recent policy direction of the Central Government. Overcapacity problem will start to emerge in lower-end manufacturing products.
As the economy produces and consumes higher-end goods, the supplies of heavy industries that end up with buildings and cars may get satisfied.


China Over-Capacity––– Shifting from Heavy to Light Industries