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

Fortress Hill Advisors

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

Premium Economic & Investment Research

Macroeconomics

<ul>
<li>The Financial Secretary has forecast a budget deficit of HKD 101.6 billion for the 2023-24 fiscal year, almost double its original estimate of HKD 54.4 billion 28 Feb 2024 (KPMG)</li>
<li>Although Hong Kong is undergoing the fourth deficit in five years and can be preamble to Crisis, fiscal reserve, estimated HKD 733.2 billion, remain a strong backbone to prevent crisis. </li>
<li>The turning point from healthy to crisis is still to be observed, depending on if the government would scale back fiscal deficit in its next 5-year budgets.</li>
</ul>


The Financial Secretary has forecast a budget deficit of HKD 101.6 billion for the 2023-24 fiscal year, almost double its original estimate of HKD 54.4 billion 28 Feb 2024 (KPMG)
Although Hong Kong is undergoing the fourth deficit in five years and can be preamble to Crisis, fiscal reserve, estimated HKD 733.2 billion, remain a strong backbone to prevent crisis. 
The turning point from healthy to crisis is still to be observed, depending on if the government would scale back fiscal deficit in its next 5-year budgets.


Hong Kong Government Deficit: Early Preamble of Crisis to Come but Still Salvagiable