Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

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

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Cross Asset Strategy

<ul>
<li>The Third Plenum of the Chinese Communist Party ended last Thursday and emphasise supporting private enterprises to take the lead in participating in major national technology projects.</li>
<li>The resolution emphasises on small-scale private enterprises and offer nothing for big tech enterprises except vague, questionable tax reform.</li>
<li>Therefore, as the resolution confines only to small-scale private enterprises, big techs like Tencent and Alibaba are hardly benefited.</li>
</ul>


The Third Plenum of the Chinese Communist Party ended last Thursday and emphasise supporting private enterprises to take the lead in participating in major national technology projects.
The resolution emphasises on small-scale private enterprises and offer nothing for big tech enterprises except vague, questionable tax reform.
Therefore, as the resolution confines only to small-scale private enterprises, big techs like Tencent and Alibaba are hardly benefited.


中国：公共事業への民間企業誘致は大きな政策転換を意味するのか？