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: How China's Household Savings Are Bailing Out the Property Sector

China’s Long Property Bubble and Indebted Developers

China Property Developers In Distress - Weekly News & Announcements Tracker | July 4-11, 2024

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

China Housing: Demand-Supply Fundamentals - Part #3: Solving The Construction Indicators Puzzle

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 authorities appear to have the financial stability spill over from the property sector , through a combination of direct support for housing and forced mergers of weak banks. </li>
<li>This game plan will likely be followed for the next few years. However, this all means residential property investment will be an economic headwind to growth for years to come. </li>
<li>Problems will remain multi year and will hangover weaker developers/LGFV’s/banks and non-banks.</li>
</ul>


China authorities appear to have the financial stability spill over from the property sector , through a combination of direct support for housing and forced mergers of weak banks. 
This game plan will likely be followed for the next few years. However, this all means residential property investment will be an economic headwind to growth for years to come. 
Problems will remain multi year and will hangover weaker developers/LGFV’s/banks and non-banks.


China: Weakness of Residential Property Market Spills to Banking Sector