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 over 20 years of experience covering China's energy, mining and industrial materials sectors, and has reported on China's healthcare and biotechnology sectors for three years. Currently, he leads the Post's coverage on climate change, energy transition and sustainability topics. Eric has a Masters of Business Administration degree.

Show more

Latest from Eric Ng

Climate Change: China’s GCL Poly Energy ramps up production of cheaper, more efficient solar panel materials

The reduction in the carbon footprint of the new production process is equivalent to planting 2.2 million trees per year, GCL claims.

The reduction in the carbon footprint of the new production process is equivalent to planting 2.2 million trees per year, GCL claims.

24 Jan 2022 - 4:36PM
Green finance: Hong Kong’s role in the global standard to cut through the alphabet soup of ESG rules

Hong Kong’s SFC may include the ISSB’s standards in the city’s audit and listing rules in late 2022, or early 2023 once the prototypes are endorsed and adopted.

Hong Kong’s SFC may include the ISSB’s standards in the city’s audit and listing rules in late 2022, or early 2023 once the prototypes are endorsed and adopted.

22 Jan 2022 - 10:48AM
Climate change: Renewable energy to meet over 70 per cent of China’s additional power needs in next three years, says IEA

Even as state subsidies are being phased out, the rapid growth of onshore wind and solar farm installations is expected to continue.

Even as state subsidies are being phased out, the rapid growth of onshore wind and solar farm installations is expected to continue.

17 Jan 2022 - 1:46PM
Which job commands 50 per cent salary premium in 2022? The key is to brush up on environmental, social and governance strategies

Under ESG rules, companies must add environmental, social and governance to the financial metrics of their business operations in regulatory disclosures, and consider both in strategic and capital allocation decisions.

Under ESG rules, companies must add environmental, social and governance to the financial metrics of their business operations in regulatory disclosures, and consider both in strategic and capital allocation decisions.

10 Jan 2022 - 12:04PM
Sustainable finance: ‘greenwashing’ concerns raised as Hong Kong airport floats US$4 billion bonds package to fund growth, decarbonisation

Concerns about ‘greenwashing’ have been raised by a climate campaign group after Airport Authority Hong Kong, which operates the city’s international airport, raised US$4 billion by issuing a package of bonds that includes a US$1 billion five-year green bond.

Concerns about ‘greenwashing’ have been raised by a climate campaign group after Airport Authority Hong Kong, which operates the city’s international airport, raised US$4 billion by issuing a package of bonds that includes a US$1 billion five-year green bond.

6 Jan 2022 - 3:51PM
Sustainable finance: deals in Asia, Hong Kong to continue growing in 2022 as regulators and investors double down on ESG, financiers say

The rapid growth in sustainable finance deals will continue in 2022, supported by the growing practice of taking ESG issues into consideration while making asset allocation decisions, bankers and asset managers said.

The rapid growth in sustainable finance deals will continue in 2022, supported by the growing practice of taking ESG issues into consideration while making asset allocation decisions, bankers and asset managers said.

30 Dec 2021 - 11:37AM
Climate change: CLP Power, Hong Kong businesses find common goal in energy-saving incentives

CLP Power is helping its customers and the government to achieve their long-term sustainability goals, while also incentivised to boost returns to its own shareholders.

CLP Power is helping its customers and the government to achieve their long-term sustainability goals, while also incentivised to boost returns to its own shareholders.

28 Dec 2021 - 11:24AM
Climate Change: Typhoons in coastal Asia and China could be twice as powerful by 2100, says Chinese University of Hong Kong study

Their overall destructive power could double by the end of the century in the worst-case climate change scenario, according to the Chinese University of Hong Kong’s findings.

Their overall destructive power could double by the end of the century in the worst-case climate change scenario, according to the Chinese University of Hong Kong’s findings.

28 Dec 2021 - 2:15PM
China forms rare earths giant to protect its dominance in global output as market share falls

The China Rare Earth Group, formed from the merger of two metal companies and firms under the government of Ganzhou, may help tighten China’s control over the internationally strategic minerals, analysts said.

The China Rare Earth Group, formed from the merger of two metal companies and firms under the government of Ganzhou, may help tighten China’s control over the internationally strategic minerals, analysts said.

23 Dec 2021 - 2:26PM
Circular economy: how multinationals are recycling plastic waste, packaging in China to cut carbon emissions

From repurposing used milk bottles to recycling water barrels, big multinational chemical firms are helping recycle plastic waste in China amid growing pressure from regulators and customers.

From repurposing used milk bottles to recycling water barrels, big multinational chemical firms are helping recycle plastic waste in China amid growing pressure from regulators and customers.

19 Dec 2021 - 9:31AM
HSBC to cut coal financing by half by 2030 as it eyes 2050 net zero carbon emission goal

HSBC plans to slash lending to coal projects by at least 25 per cent by 2025 and will increase it to 50 per cent by 2030 from last year’s level.

HSBC plans to slash lending to coal projects by at least 25 per cent by 2025 and will increase it to 50 per cent by 2030 from last year’s level.

14 Dec 2021 - 8:15PM
Climate change: China’s decarbonisation policy fine-tuning lifts shares of renewable energy, grid solutions providers

Changes to China’s decarbonisation policy will bolster demand for renewable energy and infrastructure that support its growth, analysts say.

Changes to China’s decarbonisation policy will bolster demand for renewable energy and infrastructure that support its growth, analysts say.

13 Dec 2021 - 6:41PM
Hong Kong’s green finance credentials can help plug Asia’s US$25 billion gap in funding for climate change resilience, says Fitch

As a leading issuer of green bonds, the city is well placed to help plug an annual US$25 billion gap in funds needed to protect Asia’s cities from climate change risks, says Fitch.

As a leading issuer of green bonds, the city is well placed to help plug an annual US$25 billion gap in funds needed to protect Asia’s cities from climate change risks, says Fitch.

13 Dec 2021 - 8:30AM
Hong Kong needs Stock Connect-type trading regime to make carbon exchange work, says SFC’s Ashley Alder

Hong Kong’s proposed carbon-trading exchange will need a trading mechanism that blends together disparate regulations in China and overseas, says SFC’s Alder.

Hong Kong’s proposed carbon-trading exchange will need a trading mechanism that blends together disparate regulations in China and overseas, says SFC’s Alder.

10 Dec 2021 - 7:30AM
Climate change: China should bankroll renewable energy transition in coal-dependent countries, analysts say

China, which has pledged not to build more coal-fired power plants overseas, should financially help other coal-dependent developing countries such as Indonesia – where it has been the biggest foreign project financier – transition to renewable energy, analysts said.

China, which has pledged not to build more coal-fired power plants overseas, should financially help other coal-dependent developing countries such as Indonesia – where it has been the biggest foreign project financier – transition to renewable energy, analysts said.

7 Dec 2021 - 4:18PM
Green finance: Hong Kong agency to offer net-zero certification for firms under pressure to disclose carbon footprint and climate ambitions

The Hong Kong Quality Assurance Agency, a food-to-sustainable finance products certification provider, will launch a net-zero certification programme by March for financial and listed firms facing rising pressure to disclose their carbon footprint and climate ambitions.

The Hong Kong Quality Assurance Agency, a food-to-sustainable finance products certification provider, will launch a net-zero certification programme by March for financial and listed firms facing rising pressure to disclose their carbon footprint and climate ambitions.

5 Dec 2021 - 3:35PM
Evergrande to work on US$260 million of debt obligation under state supervision as it runs out of cash

Billionaire Hui Ka-yan, the controlling shareholder of China Evergrande, has been summoned by the Guangdong government to discuss his company’s liquidity crisis.

Billionaire Hui Ka-yan, the controlling shareholder of China Evergrande, has been summoned by the Guangdong government to discuss his company’s liquidity crisis.

4 Dec 2021 - 12:56AM
Singapore’s Grab soars 18.6 per cent on Nasdaq debut following SPAC merger

With its debut on the Nasdaq on Thursday, Grab Holdings becomes the biggest listing by a Southeast Asian technology company and the largest transaction by a SPAC to date.

With its debut on the Nasdaq on Thursday, Grab Holdings becomes the biggest listing by a Southeast Asian technology company and the largest transaction by a SPAC to date.

3 Dec 2021 - 1:10AM
Macau casino junket operator Suncity sinks further after Alvin Chau steps down as chairman

Shares of Suncity Group Holdings, which operates the largest casino junket in Macau, fell 16.7 per cent after Alvin Chau, who was arrested over the weekend, resigned as chairman.

Shares of Suncity Group Holdings, which operates the largest casino junket in Macau, fell 16.7 per cent after Alvin Chau, who was arrested over the weekend, resigned as chairman.

2 Dec 2021 - 4:50PM
All new cars in Hong Kong could be electric by 2030, five years ahead of schedule, environment official says

There were nearly 25,000 electric cars on Hong Kong’s roads in October – 3.8 per cent of the total – compared to just 180 in 2010.

There were nearly 25,000 electric cars on Hong Kong’s roads in October – 3.8 per cent of the total – compared to just 180 in 2010.

1 Dec 2021 - 11:50AM
Macau casino junket operator sinks as arrested boss offers to step down from listed Hong Kong units

Stocks link to arrested Macau casino junket boss Alvin Chau crashed in Hong Kong as group warned of adverse financial impact from losing his backing.

Stocks link to arrested Macau casino junket boss Alvin Chau crashed in Hong Kong as group warned of adverse financial impact from losing his backing.

30 Nov 2021 - 4:35PM
Hang Seng Index compiler adds another two stock indices to meet demand for sustainable investment

Both new indices will track the 60-stock Hang Seng Index, with different weightings to reflect the constituents’ varied ESG performance.

Both new indices will track the 60-stock Hang Seng Index, with different weightings to reflect the constituents’ varied ESG performance.

29 Nov 2021 - 10:45PM
EV battery: China powers Asia in race to ramp up recycling capacity as industry tests new method to overcome pollution problems

China, the world’s biggest EV market, accounts for about 77 per cent of the annual recycling capacities in Asia. New environment-friendly technologies are being tested to overcome current recycling method, industry experts say.

China, the world’s biggest EV market, accounts for about 77 per cent of the annual recycling capacities in Asia. New environment-friendly technologies are being tested to overcome current recycling method, industry experts say.

29 Nov 2021 - 11:31AM
Analysis | Climate change: is entrepreneurship the magic touch for turning zero-emission planes and ships into commercial reality?

The progress in aviation and shipping to decarbonise, or switch to non-oil power sources, has been slower than electric cars and trucks, even if the industry’s overall carbon footprint is smaller than road transport.

The progress in aviation and shipping to decarbonise, or switch to non-oil power sources, has been slower than electric cars and trucks, even if the industry’s overall carbon footprint is smaller than road transport.

27 Nov 2021 - 12:15PM
Climate Change: Gaps in insurance cover to compound extreme weather misery

More frequent extreme weather events and unabated urbanisation in emerging economies including China had led to major underinsurance of climate risks, insurance experts said.

More frequent extreme weather events and unabated urbanisation in emerging economies including China had led to major underinsurance of climate risks, insurance experts said.

22 Nov 2021 - 11:20PM
Climate change: BASF, Covestro clinch renewable energy deals in China to achieve emission-reduction goals

Multinational chemical firms in China are securing renewable energy supplies to help them keep up with decarbonisation demands from their global climate commitments.

Multinational chemical firms in China are securing renewable energy supplies to help them keep up with decarbonisation demands from their global climate commitments.

22 Nov 2021 - 6:30AM
Here’s how Hong Kong’s deep capital pool and access to China puts city in good stead to be the green finance regional hub

A global set of regulations for sustainable finance could be endorsed by the end of 2021 for use in audit and listing rules by 2022 or 2023, said the Hong Kong SFC’s chief executive, who also chairs the body overseeing the adoption.

A global set of regulations for sustainable finance could be endorsed by the end of 2021 for use in audit and listing rules by 2022 or 2023, said the Hong Kong SFC’s chief executive, who also chairs the body overseeing the adoption.

20 Nov 2021 - 10:30AM
Hong Kong-listed firms could take 140 years to reach gender parity on boards at current rate, study finds

The study by the Asian Corp Governance Association found that last year women constituted only 12.7 per cent of the boards of directors of the top 100 companies by market value in Hong Kong tracked by MSCI. Their numbers had risen, but progress was slow.

The study by the Asian Corp Governance Association found that last year women constituted only 12.7 per cent of the boards of directors of the top 100 companies by market value in Hong Kong tracked by MSCI. Their numbers had risen, but progress was slow.

18 Nov 2021 - 8:56PM
Climate Change: developers step up efforts through sustainability-linked loans as Sun Hung Kai signs record deal

Sustainability-linked loans are gaining traction as companies realign their profit-driven motive with the climate-change agenda.

Sustainability-linked loans are gaining traction as companies realign their profit-driven motive with the climate-change agenda.

15 Nov 2021 - 3:05PM
COP26: can China quit its coal habit while the world wrangles over climate goals and phasing out the ‘dirtiest’ fossil fuel?

Deciphering China’s relationship with coal is key to understanding the nation’s path towards carbon neutrality, particularly as the economy’s addiction to the fossil fuel runs up against President Xi Jinping’s carbon neutrality pledge.

Deciphering China’s relationship with coal is key to understanding the nation’s path towards carbon neutrality, particularly as the economy’s addiction to the fossil fuel runs up against President Xi Jinping’s carbon neutrality pledge.

11 Nov 2021 - 11:33AM