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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


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


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


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
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