Hong Hao

Hong Hao is a Chinese financial analyst covering macro strategy who currently is Managing Partner of Lotus Asset Management. He was previously the Head of Research for Bank of Communications (BOCOM) International.

Hong is known for accurately predicting the 2010 flash crash, the Chinese Banking Liquidity Crisis of 2013 and the 2015–2016 Chinese stock market turbulence. Bloomberg L.P. has named Hao as "China's most accurate strategist" and the Asiamoney survey put him as the No. 1 China Strategist and No. 1 economist in 2017.

Since 2001, Hong has been a Chartered Financial Analyst charter holder.

Career

After getting his master's degree, Hong's first job in finance was at the Macquarie Group where he was employed as an equity research analyst. Later Hong moved to New York where he was employed by Morgan Stanley and then Citigroup.

In 2022, Hong resigned from his position at BOCOM International for personal reasons. He then joined GROW Investment Group, a Shanghai-based hedge fund that is backed by Navigator Global Investments and Julius Baer Group.

In April 2025, Hong left his role to become CEO of the international unit of Huafu Securities, an affiliate of Industrial Bank. However in June, he resigned from his role to start his own company, Lotus Asset Management.

Analysis and predictions

At the end of 2011, Hong predicted that the market would undergo a major adjustment in the first half of 2012. Later the SSE Composite Index fell from 2,500 to 1,900. Bloomberg stated he was the only person to hold a bearish position at the time.

In 2022, Hong's reports covered sensitive issues in china such as U.S. delistings of Chinese companies, the China tech crackdown, the risk of capital flight from China and the economic impact of the COVID-19 lockdown in China. He outlined a worst-case scenario where the SSE Composite Index would drop below 3,000. The social media accounts that Hong uses to post his research and analysis such as WeChat and Weibo were suspended. It was speculated this played a role in Hong's resignation from BOCOM International

In September 2023, Hong stated that it could take years if not a decade to fix the Chinese property sector crisis. In addition urbanization in China was coming to a halt. He then stated once people reset their expectation and the economy restructures to regrow from other industries rather than relying on real estate, the better it is for the Chinese economy.

In September 2024, Hong stated that Donald Trump's threat to smack 100% tariffs on countries that "leave" the U.S. dollar would be a "lose-lose" situation for the U.S. and China.

Hong's research reports are always published in English and do not have any templates. Hong prefers to start from scratch and rely on analysis and models rather than just reciting official information from reports. His reports are often cited by the media. Hong has stated he is afraid of the media asking for his target price as the market is very volatile so it is impractical.

Hong's hobby includes reading where he enjoys the works of Astrid Lindgren and James Herriot.

In October 2020, Hong published a book named Forecasting Economy. Cycles and Market Bubbles.