Dr Frederick Wong

What is the Space Economy and Why is it Important? The space economy refers to commercial activities related to space, including rocket launches, satellite communications (such as Starlink and the Qianfan Constellation), Earth observation, space tourism, AI computing, and resource extraction. Between 2025 and 2026, the global space economy exceeded $470 billion in scale, with commercial activities accounting for nearly 80%. Experts predict that by 2035, it could grow to over $1.8 trillion,...

Introduction: A Hypothetical Global Energy "Cardiac Arrest" Suppose the U.S.-Iran conflict spirals out of control, leading Iran to blockade the Strait of Hormuz—a waterway only about 39 kilometers wide that carries approximately 20%-30% of global oil trade (15 to 20 million barrels of crude oil per day). This would be tantamount to a "cardiac arrest" of the global energy system. Oil prices would instantly soar to unimaginable heights, global supply chains would plunge into chaos, and...

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 Authority (HKMA)...