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Beyond the 1-in-14 Statistic: Decoding Hong Kong's Wealth Boom and Its Rivalry with Singapore
1 in Every 14 Hong Kongers Has a Net Worth of Over HK$10 Million The latest situation regarding Hong Kong's wealthy population: According to the "Hong Kong Multimillionaire Survey Report" released by Citibank in November 2025, the number of individuals in Hong Kong with a net worth of HK$10 million or more has increased to 395,000. This means that for every 14 Hong Kong citizens aged 21 to 79, one is a multimillionaire (14:1). Here are several key findings based on the latest

FOFA
Apr 205 min read


Hong Kongers! Don't Stay Anchored in Victoria Harbour: How to Set Sail Overseas? — 2026 Overseas Investment Practices and Strategies for Hong Kongers
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. At the crossroads of globalization and geopolitical restructuring, Hong Kongers in 2026 are looking overseas for asset, career, and family planning more frequently than ever before. This is not merely an escape or a hedging tactic, but a rational choice in pursuit of opportunities, diversification, and lon

FOFA
Apr 184 min read


Hong Kong Stablecoin: A "Stability-First" Financial Experiment — Understanding the Digital HKD Revolution from Three Perspectives: Regulation, Application, and Players
Why is this worth paying attention to? Imagine you usually use cash to buy things, and suddenly one day, the government announces: "We have authorized two institutions to issue 'Digital Hong Kong Dollars (HKD)'. One coin will always equal one HKD, and it can be transferred instantly via mobile phone. You will no longer need to queue up to exchange money when traveling to Mainland China or Southeast Asia." This is exactly what happened on April 10, 2026. The Hong Kong Monetary

Dr Frederick Wong
Apr 135 min read


The "Price-to-Dream Ratio" Era of AI Investment: Revelations from the Global Frenzy to China's Twin Stars
Based on the deep integration of Tencent Tech's "Global Investors Are Pushing Large Model Companies to a 'Price-to-Dream Ratio'" and Silicon-Based Lab's "Are the 400-Billion-Valued Zhipu and MiniMax Relying on Just Two Formulas?" I. Phenomenon: An Unprecedented Valuation Revolution In 2026, the global capital market is witnessing a bizarre "valuation revolution"—large model companies that are not yet profitable and continue to incur massive losses are hitting trillion-dollar

Dr Frederick Wong
Apr 86 min read


Li Ka-shing: An Investment Prophet Transcending Political and Economic Pressures, and the Inherent Advantages of the People of Hong Kong
Li Ka-shing, the renowned Hong Kong entrepreneur and philanthropist, enjoys a prestigious reputation in the global business world for his unique investment vision and extraordinary business wisdom. His success stems not only from diligence and hard work but also from his ability to transcend political and economic pressures, maintaining keen insight at all times to implement investment strategies that foresee the future and stay one step ahead. CK Infrastructure Holdings (CKI

FOFA
Mar 24 min read


Commentary: Deciphering the Structural Challenges in the Hong Kong Government's 2026 Budget
Deconstructing the 2026 Budget Financial Secretary Paul Chan released the 2026 Budget, revealing that the Hong Kong government successfully turned a loss into a profit in its consolidated account this year, recording a surplus of $2.9 billion. However, economist Simon Lee (Li Siu-po) pointed out that if the amounts for bond issuance and repayment are excluded, the actual deficit reaches $100.4 billion, questioning whether the early surplus is merely an illusion. Issuing $970

Dr Colin Lee
Feb 264 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


The Wealth Paradox of the Tech Island: Why Are the Taiwanese Growing Richer Yet More Anxious?
Introduction: Escaping the "Taiwan Disease"—The Ultimate Showdown from Semiconductor Riches to Asset Havens Before diving deep into the "Taiwan Disease," we must first acknowledge a significant trend: the number of High-Net-Worth Individuals (HNWIs) in Taiwan is climbing rapidly. This is primarily attributed to the global dominance of the semiconductor supply chain, led by TSMC, and the technological dividends driven by the AI wave. According to the Global Wealth Report 2024

FOFA
Feb 205 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


【FOFA In-Depth Observation】Beyond Virtual : Deconstructing Hong Kong's Stablecoin Macro Strategy and Future Blueprint
In today’s era where digital assets are sweeping across the globe, stablecoins have evolved far beyond being just a medium of exchange...

FOFA
Jul 5, 20254 min read


FOFA Corporate Membership: A Comprehensive Overview of Exclusive Services
By joining the FOFA Corporate Membership, you will receive comprehensive business support provided by our professional association and expert team. For your convenience, we have organized our service scope into two core segments: I. Core Strategic Support: Full Life-Cycle Services of [Investment, Financing, Management, and Exit] We translate macroeconomic business strategies into concrete, actionable projects. Through the matrix below, you can clearly see the substantial assi

FOFA
Jun 13, 20253 min read


Future Profit Hotspot: Stablecoins Driving the New Frontier of Finance
Industries with significant potential for high returns in the future include renewable energy, artificial intelligence (AI), financial...

Dr Frederick Wong
Jun 11, 20255 min read


Hong Kong Divorce Legal Practice Guide
(Analyzing key issues such as divorce procedures, property division, and alimony from the perspective of professional lawyers)...

FOFA
Jun 5, 20257 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


Hong Kong’s Strategic Advantages as a Global Free Port: Calmly Responding to the U.S.-China Trade War
As a Special Administrative Region (SAR) of China, Hong Kong has long been a key hub for international trade and finance. Based on principles of mutual respect and equality, trade relations between Hong Kong and the United States operate under international rules and Chinese law. The Chinese government, alongside businesses such as Alibaba Group and its subsidiary South China Morning Post, consistently upholds fair trade principles and opposes all forms of trade protectionism

FOFA
Apr 17, 20257 min read


Hong Kong 2025-26 Budget: Pioneering a New Chapter in Transformation with Innovation and Family Offices
As Hong Kong approaches the 2025-26 fiscal year, the city faces mounting global competition and internal pressures for transformation....

Dr Frederick Wong
Feb 28, 20254 min read


LPF Fund Project Inspection: Site Visit to the Biotechnology Testing Center
Hong Kong, July 11, 2024 — The "LPF Fund Sharing Session: Field Inspection - Visit to the Biotechnology Testing Center" event, organized...

FOFA
Jul 14, 20242 min read


Comparing Limited Partnership Funds (LPFs) Across Hong Kong, Cayman Islands, and Singapore
When considering the compliance requirements of Limited Partnership Funds (LPFs) versus other fund structures, several key points can...

FOFA
Jun 14, 20242 min read


The Importance of Interdisciplinary Innovation in the Future
Interdisciplinary innovation plays a crucial role in both modern and future societies. Combining law, finance, and digital technology can...

Dr Colin Lee
Jun 13, 20242 min read


Limited Partnership Funds (LPFs) Offer Anonymity for Limited Partners
The Limited Partnership Fund Ordinance (Cap. 637) (the "Ordinance") came into effect on August 31, 2020. This Ordinance establishes a new...

FOFA
Jun 12, 20242 min read
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