Eric Ng

Hong Kong

Eric Ng

Senior Reporter, Business

Eric joined the Post in 1998 after brief stints in a trading company, and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.

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Latest from Eric Ng

China’s efforts to bolster health care system against future crises will see growth in demand for medical equipment outlive Covid-19 pandemic, says Mindray

Government procurement programmes will keep orders high for the next couple of years, says company secretary of Mindray, China’s biggest producer of medical devices.

18 Jan 2021 - 9:01PM

Government procurement programmes will keep orders high for the next couple of years, says company secretary of Mindray, China’s biggest producer of medical devices.

China’s efforts to bolster health care system against future crises will see growth in demand for medical equipment outlive Covid-19 pandemic, says Mindray
Top JPMorgan banker sees steady supply of Chinese health care IPOs, even amid valuation concerns

China’s health care industry, the world’s second largest, will see a sustained increase in stock offerings after registering record-high transactions and valuations in 2020, a senior JPMorgan Chase banker said.

18 Jan 2021 - 10:56PM

China’s health care industry, the world’s second largest, will see a sustained increase in stock offerings after registering record-high transactions and valuations in 2020, a senior JPMorgan Chase banker said.

Top JPMorgan banker sees steady supply of Chinese health care IPOs, even amid valuation concerns
Reform has unleashed Chinese drugs innovation boom, though some pharma firms may not survive under intense price pressure, industry leaders say

Fast expansion of China’s ‘novel drugs’ market brings opportunity for developers of new medicines, forum hears, though price pressure could spell the end for those that fail to innovate.

15 Jan 2021 - 11:59AM

Fast expansion of China’s ‘novel drugs’ market brings opportunity for developers of new medicines, forum hears, though price pressure could spell the end for those that fail to innovate.

Reform has unleashed Chinese drugs innovation boom, though some pharma firms may not survive under intense price pressure, industry leaders say
Chinese firms step up investments in climate-friendly power projects in Southeast Asia as costs fall, policy shifts

While Chinese investors are paying more attention to renewable energy, they will not stop investing in fossil fuel projects in the region, according to WaterRock Energy Economics.

11 Jan 2021 - 11:26PM

While Chinese investors are paying more attention to renewable energy, they will not stop investing in fossil fuel projects in the region, according to WaterRock Energy Economics.

Chinese firms step up investments in climate-friendly power projects in Southeast Asia as costs fall, policy shifts
Fossil fuel giant Sinopec teams up with solar firms on ‘green hydrogen’ projects to help China on path towards carbon neutrality

The transition to hydrogen energy should help Sinopec weather the eroding competitiveness of fossil fuels as global policy shifts towards tackling climate change.

8 Jan 2021 - 10:26PM

The transition to hydrogen energy should help Sinopec weather the eroding competitiveness of fossil fuels as global policy shifts towards tackling climate change.

Fossil fuel giant Sinopec teams up with solar firms on ‘green hydrogen’ projects to help China on path towards carbon neutrality
Global investors swoop in on WuXi Biologics shares as owner trims stakes in worlds largest post-IPO disposals

The sell-down programme by controlling shareholder Biologics Holdings has raised HK$54.9 billion (US$7.1 billion) in funds over 10 disposals since 2017.

8 Jan 2021 - 8:39AM

The sell-down programme by controlling shareholder Biologics Holdings has raised HK$54.9 billion (US$7.1 billion) in funds over 10 disposals since 2017.

Global investors swoop in on WuXi Biologics shares as owner trims stakes in worlds largest post-IPO disposals
Yum China, operator of KFC and Pizza Hut, vows to cut harmful plastic packaging by almost a third

Yum China, one of the country’s largest restaurant operators, is aiming to cut its use of environmentally harmful plastics by almost a third in the next five years by shifting to paper straws and biodegradable packaging.

5 Jan 2021 - 9:11PM

Yum China, one of the country’s largest restaurant operators, is aiming to cut its use of environmentally harmful plastics by almost a third in the next five years by shifting to paper straws and biodegradable packaging.

Yum China, operator of KFC and Pizza Hut, vows to cut harmful plastic packaging by almost a third
Chinese start-up OrgHive helps consumers put their trust in mainland’s organic food market with WeChat mini app

OrgHive is helping companies market their organic food products to Chinese consumers by building their trust in these brands.

4 Jan 2021 - 11:54AM

OrgHive is helping companies market their organic food products to Chinese consumers by building their trust in these brands.

Chinese start-up OrgHive helps consumers put their trust in mainland’s organic food market with WeChat mini app
Coronavirus in China: 2021 outlook brightens for health care operators, pharmaceutical and device makers after price cuts

Chinese health care stocks rallied 61 per cent last year with more upside expected in 2021. The pressure, however, will be on drug makers and device manufacturers after massive price cuts.

3 Jan 2021 - 10:08PM

Chinese health care stocks rallied 61 per cent last year with more upside expected in 2021. The pressure, however, will be on drug makers and device manufacturers after massive price cuts.

Coronavirus in China: 2021 outlook brightens for health care operators, pharmaceutical and device makers after price cuts
China’s three telecoms operators face sell-off as New York Stock Exchange moves to delist their depositary receipts

The NYSE decision to delist the ADRs issued by China’s biggest telecoms companies from January 7 could induce some selling pressure in Hong Kong.

5 Jan 2021 - 12:32PM

The NYSE decision to delist the ADRs issued by China’s biggest telecoms companies from January 7 could induce some selling pressure in Hong Kong.

China’s three telecoms operators face sell-off as New York Stock Exchange moves to delist their depositary receipts
Fosun Pharma rushes logistics plan for possible BioNTech’s Covid-19 vaccine deployment from January

Shanghai Fosun Pharmaceutical is said to be rushing cold-storage facilities to prepare for possible deployment of BioNTech’s Covid-19 vaccine in China from next month.

31 Dec 2020 - 11:07PM

Shanghai Fosun Pharmaceutical is said to be rushing cold-storage facilities to prepare for possible deployment of BioNTech’s Covid-19 vaccine in China from next month.

Fosun Pharma rushes logistics plan for possible BioNTech’s Covid-19 vaccine deployment from January
China’s carbon neutral goal: Hitachi to build world’s biggest plant in Shaanxi to mix carbon dioxide, hydrogen into methane

Hitachi Zosen will build the world’s largest facility to produce methane from carbon dioxide and hydrogen generated at a coal-based industrial zone in Shaanxi province.

28 Dec 2020 - 11:00AM

Hitachi Zosen will build the world’s largest facility to produce methane from carbon dioxide and hydrogen generated at a coal-based industrial zone in Shaanxi province.

China’s carbon neutral goal: Hitachi to build world’s biggest plant in Shaanxi to mix carbon dioxide, hydrogen into methane
In China’s Covid-19 vaccine race, five stocks are on analysts’ watch list as clinical trials end, production anticipated

While Chinese drug makers may be slower than their global peers in getting their Covid-19 vaccine candidates to the masses, there are five pacesetters in the US$20.9 billion home market.

28 Dec 2020 - 7:10PM

While Chinese drug makers may be slower than their global peers in getting their Covid-19 vaccine candidates to the masses, there are five pacesetters in the US$20.9 billion home market.

In China’s Covid-19 vaccine race, five stocks are on analysts’ watch list as clinical trials end, production anticipated
Hong Kong biotech start-up at forefront of coronavirus fourth wave ‘firefight’ aims to increase rapid test kit output to meet surging demand

Hong Kong-based medical diagnostics start-up Phase Scientific aims to quadruple the monthly production of its self-developed rapid Covid-19 test by next month to cope with surging demand.

24 Dec 2020 - 6:50PM

Hong Kong-based medical diagnostics start-up Phase Scientific aims to quadruple the monthly production of its self-developed rapid Covid-19 test by next month to cope with surging demand.

Hong Kong biotech start-up at forefront of coronavirus fourth wave ‘firefight’ aims to increase rapid test kit output to meet surging demand
Covid-19 pandemic derails Japanese golf manufacturer Honma’s business plan even as second-half sales outlook improves

Honma Golf, backed by Chinese entrepreneur Liu Jianguo and Thailand’s biggest conglomerate CP Group, said the coronavirus pandemic will derail its business plan by a year as travel curbs and lockdowns hit the industry.

20 Dec 2020 - 9:50PM

Honma Golf, backed by Chinese entrepreneur Liu Jianguo and Thailand’s biggest conglomerate CP Group, said the coronavirus pandemic will derail its business plan by a year as travel curbs and lockdowns hit the industry.

Covid-19 pandemic derails Japanese golf manufacturer Honma’s business plan even as second-half sales outlook improves
China’s wind, solar energy sectors need the right incentives and market reforms to meet Xi Jinping’s carbon neutrality goals

Capacity will nearly triple to more than 1,200GW by 2030 as China increases the share of non-fossil fuels, President Xi Jinping said in a weekend speech.

15 Dec 2020 - 9:52PM

Capacity will nearly triple to more than 1,200GW by 2030 as China increases the share of non-fossil fuels, President Xi Jinping said in a weekend speech.

China’s wind, solar energy sectors need the right incentives and market reforms to meet Xi Jinping’s carbon neutrality goals
Chinese companies must step up with climate disclosures as they fail to meet even half the minimum standards, LGIM says

Nearly all the Chinese companies whose climate risk disclosures were reviewed by asset manager LGIM failed to meet even half the minimum standards.

14 Dec 2020 - 8:40PM

Nearly all the Chinese companies whose climate risk disclosures were reviewed by asset manager LGIM failed to meet even half the minimum standards.

Chinese companies must step up with climate disclosures as they fail to meet even half the minimum standards, LGIM says
China looks to carbon capture and hydrogen to push aviation, shipping, power plants, heavy industries towards 2060 target

Airlines, shipping, buildings materials, chemicals and power producers, the biggest emitters of carbon dioxide, are expected to do the heaviest lifting over the next four decades for China to meet its carbon neutral goal by 2060.

16 Dec 2020 - 4:09PM

Airlines, shipping, buildings materials, chemicals and power producers, the biggest emitters of carbon dioxide, are expected to do the heaviest lifting over the next four decades for China to meet its carbon neutral goal by 2060.

China looks to carbon capture and hydrogen to push aviation, shipping, power plants, heavy industries towards 2060 target
China must shut coal-fired plants with no carbon capturing within 25 years to meet Xi climate goal: US think tank

China should end coal burning in industrial and residential settings in five years and shut coal-fired power plants not retrofitted with carbon capture facilities within 25 years, San Francisco-based Energy Foundation says.

11 Dec 2020 - 5:30PM

China should end coal burning in industrial and residential settings in five years and shut coal-fired power plants not retrofitted with carbon capture facilities within 25 years, San Francisco-based Energy Foundation says.

China must shut coal-fired plants with no carbon capturing within 25 years to meet Xi climate goal: US think tank
Sino Biopharm secures room for future growth with US$515 million investment in Sinovac’s Covid-19 vaccine unit

Beijing-based generic drug maker buys 15 per cent stake in Sinovac Life Sciences, a unit of Nasdaq-listed pharmaceutical firm Sinovac Biotech.

14 Dec 2020 - 6:13PM

Beijing-based generic drug maker buys 15 per cent stake in Sinovac Life Sciences, a unit of Nasdaq-listed pharmaceutical firm Sinovac Biotech.

Sino Biopharm secures room for future growth with US$515 million investment in Sinovac’s Covid-19 vaccine unit
Hong Kong private clinics operator Quality HealthCare bets on growth in telemedicine

Quality HealthCare Medical Services, one of the largest private health care providers in Hong Kong, aims to conduct 5 per cent of its consultations through telemedicine in three to four years.

7 Dec 2020 - 11:48AM

Quality HealthCare Medical Services, one of the largest private health care providers in Hong Kong, aims to conduct 5 per cent of its consultations through telemedicine in three to four years.

Hong Kong private clinics operator Quality HealthCare bets on growth in telemedicine
Early Christmas gift? HSBC stock could climb further if bank is allowed to reinstate dividend this week: Goldman

As of Friday, HSBC stock in Hong Kong had risen 54 per cent from its September lows. It could go even higher if this week an arm of the Bank of England agrees to let it resume dividends, according to Goldman Sachs.

7 Dec 2020 - 8:30AM

As of Friday, HSBC stock in Hong Kong had risen 54 per cent from its September lows. It could go even higher if this week an arm of the Bank of England agrees to let it resume dividends, according to Goldman Sachs.

Early Christmas gift? HSBC stock could climb further if bank is allowed to reinstate dividend this week: Goldman
Climate change: China is sowing seeds of industrial and social change to meet Xi Jinping’s carbon neutrality pledge by 2060

The uncertain journey to carbon neutrality – where residual emission is fully offset by amounts captured from the atmosphere – will be a gradual and at times painful process, because it transforms livelihood in the tens of millions, involving trillions of dollars in funding

9 Dec 2020 - 5:43PM

The uncertain journey to carbon neutrality – where residual emission is fully offset by amounts captured from the atmosphere – will be a gradual and at times painful process, because it transforms livelihood in the tens of millions, involving trillions of dollars in funding

Climate change: China is sowing seeds of industrial and social change to meet Xi Jinping’s carbon neutrality pledge by 2060
Ant Group wins Singapore digital wholesale banking licence

Ant Group, which won one of two wholesale banking licences in Singapore, wants to expand in Southeast Asia, South Asia, Africa and the Middle East, say sources.

5 Dec 2020 - 1:34AM

Ant Group, which won one of two wholesale banking licences in Singapore, wants to expand in Southeast Asia, South Asia, Africa and the Middle East, say sources.

Ant Group wins Singapore digital wholesale banking licence
AIA launches telemedicine platform with HKT, Gleneagles Hospital as fourth wave of Covid-19 grips Hong Kong

DrGo is the first of a growing number of telemedicine services in Hong Kong that are sprouting up to bring accessibility and convenience to customers via a combination of technology and health care, delivered with social distancing in mind as the coronavirus spreads.

3 Dec 2020 - 1:21PM

DrGo is the first of a growing number of telemedicine services in Hong Kong that are sprouting up to bring accessibility and convenience to customers via a combination of technology and health care, delivered with social distancing in mind as the coronavirus spreads.

AIA launches telemedicine platform with HKT, Gleneagles Hospital as fourth wave of Covid-19 grips Hong Kong
Mainland Chinese spending on Hong Kong life insurance policies sinks 82 per cent as Covid-19 travel curbs bite

Mainlanders spent US$833 million on life and annuity policies in Hong Kong between January and September.

1 Dec 2020 - 11:00PM

Mainlanders spent US$833 million on life and annuity policies in Hong Kong between January and September.

Mainland Chinese spending on Hong Kong life insurance policies sinks 82 per cent as Covid-19 travel curbs bite
Chinese toymaker Pop Mart, a Disney, Universal Studios partner, launches US$590 million IPO to fund expansion

The Beijing-based company plans to sell 135.7 million new shares to global investors, of which 16.3 million shares will be offered to the general public.

1 Dec 2020 - 9:28PM

The Beijing-based company plans to sell 135.7 million new shares to global investors, of which 16.3 million shares will be offered to the general public.

Chinese toymaker Pop Mart, a Disney, Universal Studios partner, launches US$590 million IPO to fund expansion
Chinese state oil giant CNOOC slumps as new US sanctions seen crippling its international operations, analyst warns

CNOOC shares slumped in Hong Kong on concerns the Trump administration will impose new sanctions on the Chinese oil exploration giant. The act could paralyse its international operations, analyst warns.

30 Nov 2020 - 10:55PM

CNOOC shares slumped in Hong Kong on concerns the Trump administration will impose new sanctions on the Chinese oil exploration giant. The act could paralyse its international operations, analyst warns.

Chinese state oil giant CNOOC slumps as new US sanctions seen crippling its international operations, analyst warns
Has the day in the sun finally arrived for green hydrogen and fuel cells on China’s road to attain carbon neutrality by 2060?

Fuel cells could make up 10 per cent of China’s energy consumption by 2050, according to the projection by the China Hydrogen Alliance, an industry guild.

11 Dec 2020 - 9:00AM

Fuel cells could make up 10 per cent of China’s energy consumption by 2050, according to the projection by the China Hydrogen Alliance, an industry guild.

Has the day in the sun finally arrived for green hydrogen and fuel cells on China’s road to attain carbon neutrality by 2060?
Coronavirus pandemic to spur Chinese investment in green projects in Belt and Road Initiative countries, Moody’s says

The pandemic will accelerate investment in low-carbon and climate-resilient infrastructure, and projects that enhance digital connectivity and public health, in countries covered by China’s Belt and Road Initiative, according to Moody’s.

24 Nov 2020 - 7:45AM

The pandemic will accelerate investment in low-carbon and climate-resilient infrastructure, and projects that enhance digital connectivity and public health, in countries covered by China’s Belt and Road Initiative, according to Moody’s.

Coronavirus pandemic to spur Chinese investment in green projects in Belt and Road Initiative countries, Moody’s says