Post sweeps Citi business journalism awards

PUBLISHED : Friday, 15 April, 2011, 12:00am
UPDATED : Friday, 15 April, 2011, 12:00am


The South China Morning Post has scooped the prize pool in the Citi Journalistic Excellence Award 2011 announced yesterday.

The Post's business reporters won three of the awards, with the top award in Hong Kong going to deputy property editor Sandy Li for her article 'Shanty towns are no place to call home'. Li won the first runner-up title in the 2010 competition.

Denise Tsang and Eric Ng were first and second runners-up respectively.

The Post's acting editor-in-chief, Cliff Buddle, said the three prestigious awards were testament to the strength of the newspaper's business reporting. 'Congratulations to Sandy, Denise and Eric on their achievement,' Buddle said. 'Their winning stories covered very different issues, but were all thought-provoking, thoroughly researched and well-written.'

Li's article examined one of the most serious problems the mainland faces today - soaring home prices and the government's inability to provide low-cost housing for the poor. Now the world's second-largest economy, the mainland has more than 10 million people who cannot afford even low-cost housing and are forced to live in slums.

Tsang's report 'Managers struggle to connect with Generation Y' revealed how China's one-child policy shaped the labour market and what strategies senior managers took to get along with and communicate with younger workforces. In interviews with chief executives of large corporations, factory owners and university students in Shanghai, Tsang looked at the new labour regime from different perspectives.

Ng's story about the United Nations probing claims that some firms are faking carbon credits earned the second runner-up award.

In his article, Ng looked into claims from carbon credits market watchers that some refrigerant makers have been abusing a UN-run subsidy system to maximise their financial gains against the spirit of global efforts to reduce emissions.

The system subsidises emission reduction projects in developing nations, by allowing polluters in developed nations to buy credits from developers of qualifying emission reduction projects in developing nations. The report shed light on why and how the abuses came about.