Bloomberg L.P. has named Hao as "China’s most accurate strategist" and the Asiamoney survey put him as the No.
[3] 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.
There were multiple factors for his move such as his parents lived in Guangzhou which was closed to Hong Kong.
He also preferred it to Beijing as it was closer to the sea, had no smog issues and lower income taxes.
However the biggest factor was Hong Kong allowed much more freedom of analysts where they could make more bold predictions which is something he would find difficult to do at CICC.
The social media accounts that Hong uses to post his research and analysis such as WeChat and Weibo were suspended.
At that time he also stated he could see Chinese stocks continuing to resume their upward momentum even if the U.S. undergoes a recession.
[9] In September 2023, Hong stated that it could take years if not a decade to fix the Chinese property sector crisis.
[10] 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 prefers to start from scratch and rely on analysis and models rather than just reciting official information from reports.
[1][3][4][5] Hong's hobby includes reading where he enjoys the works of Astrid Lindgren and James Herriot.