把 握 全 球 机 遇

FT专题研讨会上，专家称中国未积极寻求收购加拿大LNG设施。事实果真如此吗？本文从正反两面剖析：监管趋严、历史教训 vs. 中石油已投产、加方高层亲赴华推动二期扩建。结论：中国并非撤退，而是更审慎地选择。

Passport power and wealth appeal share the same root: institutional quality. The new report shifts from counting millionaires to evaluating competitiveness, introducing the “Sovereign Portfolio” – diversifying residencies and assets across jurisdictions. For HNWIs, it’s a strategic shift from choosing a country to building a portfolio.

2025 SFC survey: HK AUM up 20% to HK$42.2t, net inflows +193% to HK$2.1t, OFCs +60%. Overseas/Mainland investors hold 54%. Despite geopolitical and competitive headwinds, HK's Common Law, RMB depth, and banking ecosystem give it a functional edge capital flows to certainty.

This post analyses the IMD World Competitiveness Yearbook 2026 alongside BCG and Knight Frank wealth reports. It shows how Hong Kong's rise to #2 (and overtaking Switzerland in cross-border wealth), China's climb to #12, and Switzerland's drop to #3 are interconnected. The key takeaway: institutional credibility is now the core of competitiveness, and global wealth is shifting eastward—with clear implications for high-net-worth individuals and their advisors.

《2026 年財富報告》顯示：全球 71.3 萬超高淨值人士，美國 25.1 萬居首，中國 12.1 萬第二。家族辦公室破萬、AI 投資、豪宅與移動力趨勢——高淨值人士必讀。

A passport's value reflects geopolitics, governance, and national strength. The 2026 Henley Index shows: your global choices are tied to your nationality. The US offers top resources but heavy global tax. Portugal is an EU gateway with longer naturalisation. St. Kitts delivers a mobility leap to 157 destinations. These three represent "top prosperity," "European ease," and the "right to choose." Secure basic mobility first.

Hong Kong has overtaken Switzerland as the world's largest cross‑border wealth hub, reaching US$2.95 trillion (BCG Global Wealth Report 2026). This milestone validates four key family office needs: cross‑border mobility, tax optimisation, asset diversification, and wealth succession. Hong Kong's New Capital Investor Entrant Scheme has already attracted over 3,600 applications. This is not just a ranking change; it is a structural shift confirming that global wealth is realloc

Halfway through 2026, global capital is quietly recalibrating. Canada has emerged as the world’s second most trusted FDI destination, driven by LNG infrastructure and demand from Asia. Hong Kong now hosts over 3,380 family offices, shifting private wealth toward long‑duration assets. And our research methodology — using structural demand analysis — continues to uncover overlooked opportunities. This mid‑year reflection shares 3 key observations and the themes we will follow i

The rise of the pet economy is no longer in question. A global market surpassing US$300 billion, urban dog and cat consumption in China reaching RMB 312.6 billion, multiple sub-sectors posting CAGRs above 7% — these figures have drawn a growing wave of entrepreneurs and capital into the sector.

As macroeconomic volatility shifts global capital toward systemic certainty, Canada has overtaken traditional markets to become the world’s second most trusted destination for foreign investment. This excerpt breaks down the 2026 Kearney FDI Index—visualized in The Top Economies for Global Investment—and explores how global resource security and robust legal moats are redefining cross-border asset insulation for sophisticated investors.

The pet food sector has become a red ocean. Leading brands control the majority of market share, price wars erupt regularly on e-commerce platforms, and the barriers to entry for new brands continue to rise. The pet healthcare sector carries deep moats and demands significant capital, but its return cycle is long.

In 2026, the China International Furniture Fair (CIFF Guangzhou), in partnership with iResearch, released the 2026 White Paper on China's Pet Home Furnishings Industry Development Trends. One data point stood out with unusual force: Nearly 40% of pet owners are willing to pay a premium of 20% or more for smart, space-efficient pet home furnishing products.

Every investor assessing a consumer sector must eventually confront a core question: when the macro economy turns downward, will demand in this sector materially contract? For the pet economy, recent data presents a compelling answer.

Ask someone in China whether they would choose a cat or a dog, and a decade ago the answer might have been evenly split. Today, the balance is tipping decisively.

《Deconstructing the Pet Economy》 is a research series authored by David Thomas, Director at FirstCapital Advisers, applying a macro lens and data-driven analysis to systematically examine the structural transformation of the global pet industry.

《Deconstructing the Pet Economy》 is a research series authored by David Thomas, Director at FirstCapital Advisers, applying a macro lens and data-driven analysis to systematically examine the structural transformation of the global pet industry.

Hong Kong is rapidly becoming the world's new hub for family offices. Latest data shows that as of the end of 2025, the number of single-family offices in Hong Kong reached 3,384 – a net increase of 681 in just two years, representing growth of over 25%. In the first four months of 2026 alone, 36 new family offices have set up or expanded in Hong Kong, with another 160 actively considering doing so – around 30 of them from Europe.

Against the backdrop of an accelerating reconfiguration of the global economic landscape, Sovereign Wealth Funds (SWFs) serve as the "ballast" of international capital markets. Their asset allocation trends and shifts in scale have become a barometer for observing the interplay between geopolitics and strategic asset value.

The first three articles in this series examined the paradigm shift in “Sino-Canadian” resource investment—from "total control" to "flexible participation"—through the lenses of macro strategy, legal logic, and operational reality. Yet a sharp observation from a reader reminds us that if we fixate solely on Canada’s subsurface resources while ignoring its above-ground innovation and its sophisticated equilibrium among energy, industry, and ecology, we are missing at least ha

This final part of the series enters the realm of micro-operational reality: deeply analyzing the global arbitrage mechanisms of Liquefied Natural Gas (LNG) and precisely mapping the compliance "red lines" in mineral development. Our goal is to help investors transition from "owning assets" to "locking interests" amidst complex global competition.