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The World in the Post-American Era: No Hegemon, Only the Rise of Regional Powers
— Starting from the Singapore Prime Minister's Assessment of Global Order: "The world is entering a transition period following U.S. dominance; no single nation can replace the hegemonic position, and the international order will be collectively shaped by multiple regional powers." I. Not Anti-Americanism, but Post-Hegemony In recent years, the Prime Minister of Singapore has repeatedly emphasized in various international forums that the world is entering a transition period

FOFA
Mar 74 min read


Hong Kong 2026-2027 Budget: Not Just Simple "Sweeteners," But a Precise "Transformation and Empowerment Plan"
On February 25, 2026, Financial Secretary Paul Chan delivered the 2026-2027 Budget , carrying a distinct theme: "I&T Driving, Financial Empowerment; Diversified Development, Caring for People." Public attention often focuses on the "sweeteners" (relief measures): the doubling of tax reduction ceilings for Salaries Tax and Profits Tax to $3,000, rates concessions for residential properties for two quarters (capped at $500 per household per quarter), and increased tax allowance

Dr Frederick Wong
Feb 256 min read


2026: China's Economic "System Upgrade" and the Reconstruction of Wealth Logic
Disclaimer : The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. 2026 marks the inaugural year of the "15th Five-Year Plan." This represents more than a mere numerical transition; it signifies the starting point of a drastic transformation in China's economy, shifting completely from "scale dividends" to a "revolution in system security, quality, and efficiency." I. Reg

Dr Frederick Wong
Jan 194 min read


【2026 New Three Kingdoms Era】 Survival Rules for the Fortress Era: A Future Memorandum for the World
Disclaimer : The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. As the first rays of sunlight in 2026 pierce through the smoke of geopolitics to illuminate this world, we must admit: the "Global Village" we were once familiar with has vanished. In its place stands a "New Three Kingdoms Era" —distinctly walled, resource-driven, and upheld by three super fortresses. Over

Dr Frederick Wong
Jan 134 min read


Deep Game at the Foot of the Gray Rhino: China's Precision Strikes vs. America's TACO
— Deconstructing the Long-Term Investment Coordinates of the U.S.-China Trade War from a Multi-Party Consensus Disclaimer : The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. (I) Core Conclusion: A Deep Squat is for a Launch, Not a Cliff Dive Synthesizing the views of multiple institutions, the market has formed three "underlying consensus points": A sharp, sentiment-d

Dr Frederick Wong
Oct 15, 20254 min read


TikTok Equity Transfer : New Developments in the U.S.-China Rivalry and an Analysis of the Trump Administration's Interests
As the process of TikTok's equity transfer in the United States becomes clearer, the event has evolved beyond a mere commercial...

FOFA
Oct 2, 20253 min read


Special Strategy Report for Q4 2025 Investment Portfolio
Disclaimer : The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. This is a tailored investment report for the fourth quarter (Q4) of 2025, covering five main pillars: Natural Resources (Gold Mining Stocks), Hong Kong Real Estate, AI ETFs (US-China), Mainland CIPS FinTech Stocks, and Private Equity (focusing on Mainland Talent-driven Enterprises). This report integrates

Dr Frederick Wong
Sep 29, 20255 min read


A "Dialogue with a Fund Manager" Reveals a New "Detour" Strategy for a Nasdaq IPO
Disclaimer : The content of this webpage is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. "We should be among the last batch." This morning, the author's conversation with a senior Hong Kong fund manager began with his complex sigh. The "last batch" he referred to is a Hong Kong company he is assisting to go public on Nasdaq, with a fundraising amount of around $5 million. The application was s

FOFA
Sep 6, 20254 min read


Analyzing U.S. Global Tariff Policies Through the "5 Pirates Dividing Gems" Game Theory
Introduction The "5 Pirates Dividing Gems" problem in game theory is a classic case of backward induction, used to analyze the strategic...

Dr Colin Lee
May 22, 20253 min read


The Nation Allocates Dollar Reserves to Hong Kong: A New Foreign Exchange Reserve Management Strategy and the Push for RMB Internationalization – FOFA Economic Analysis
In 2025, the global economic landscape remains complex and volatile. Uncertainty in U.S.-China relations and fluctuations in...

FOFA
Apr 23, 20253 min read


Multinational Companies Accelerate Supply Chain Restructuring: Challenges for China, Rise of ASEAN and India, and a Multipolar Global Economic Landscape
In recent years, multinational corporations such as HP and Apple have rapidly shifted production lines out of China, aiming to complete...

FOFA
Mar 20, 20253 min read


Trump’s Foreign Policy and Its Impact on U.S.-China Relations
Trump’s foreign policy, centered on an “America First” agenda, prioritized short-term interests and bilateral negotiations, overturning...

Dr Frederick Wong
Mar 17, 20255 min read


Legal Basis for Trump’s Tariff Policies
On November 26, 2024 , former President Donald Trump announced via social media that he intends to impose an additional 10% tariff on...

FOFA
Nov 27, 20243 min read


Analysis of the China New "Pump Priming" Financial Policy
On September 24, 2024, the Central Committee released a series of new financial policies aimed at addressing the current economic...

FOFA
Sep 26, 20242 min read
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