Eric Ng

Hong Kong

Eric Ng

Senior Reporter, Business

Eric joined the SCMP 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

Hong Kong poised to award city’s own patents, catch up with rest of the world in honouring innovation and creativity

Hong Kong will start evaluating and awarding patents to local and foreign inventors from this month, catching up with the rest of the world in supporting innovation and creativity at a time when new technologies are driving economic growth.

8 Dec 2019 - 10:15PM

Hong Kong will start evaluating and awarding patents to local and foreign inventors from this month, catching up with the rest of the world in supporting innovation and creativity at a time when new technologies are driving economic growth.

Hong Kong poised to award city’s own patents, catch up with rest of the world in honouring innovation and creativity
Globalisation’s tireless advocate Victor Fung feted for a lifetime praising the virtues of a shared world

The honorary chairman of Li & Fung has won the Lifetime Achievement Award at this year’s DHL-SCMP Hong Kong Business Awards for his devotion to tackling global challenges

6 Dec 2019 - 1:57PM

The honorary chairman of Li & Fung has won the Lifetime Achievement Award at this year’s DHL-SCMP Hong Kong Business Awards for his devotion to tackling global challenges

Globalisation’s tireless advocate Victor Fung feted for a lifetime praising the virtues of a shared world
Why Chinese biotech companies are not for faint-hearted investors

Hua Medicine’s share price plunged by 40 per cent over three days recently after interim clinical trial results for its diabetes drug disappointed investors. Then it shot up 30 per cent over the following two days after reassurances by its executives.

2 Dec 2019 - 4:07PM

Hua Medicine’s share price plunged by 40 per cent over three days recently after interim clinical trial results for its diabetes drug disappointed investors. Then it shot up 30 per cent over the following two days after reassurances by its executives.

Why Chinese biotech companies are not for faint-hearted investors
China’s food security guardian Cofco in US$1.1 billion buyout bid for Hong Kong listed unit

Shares of China Agri-Industries Holdings rise by more than 28 per cent to its highest level since April 2017 as parent Cofco (HK) looks to take Hong Kong listed company private.

28 Nov 2019 - 10:44PM

Shares of China Agri-Industries Holdings rise by more than 28 per cent to its highest level since April 2017 as parent Cofco (HK) looks to take Hong Kong listed company private.

China’s food security guardian Cofco in US$1.1 billion buyout bid for Hong Kong listed unit
Taiwan probes senior staff at Hong Kong-listed China Innovation after Chinese ‘spy’ William Wang claimed it was a front for Beijing espionage operations

Two senior staff of China Innovation Investment are being quizzed in Taipei after Chinese ‘spy’ William Wang claimed he had undertaken undercover espionage work in Hong Kong, Taiwan and Australia

26 Nov 2019 - 6:16PM

Two senior staff of China Innovation Investment are being quizzed in Taipei after Chinese ‘spy’ William Wang claimed he had undertaken undercover espionage work in Hong Kong, Taiwan and Australia

Taiwan probes senior staff at  Hong Kong-listed China Innovation after Chinese ‘spy’ William Wang claimed it was a front for Beijing espionage operations
Steep learning curve for Hong Kong millennials who expect their family wealth to do more than just make money

Hong Kong’s rich millennials are making inroads as they push for their family fortunes to be invested in ways that generate not only returns, but also a positive social and environmental impact.

25 Nov 2019 - 8:00AM

Hong Kong’s rich millennials are making inroads as they push for their family fortunes to be invested in ways that generate not only returns, but also a positive social and environmental impact.

Steep learning curve for Hong Kong millennials who expect their family wealth to do more than just make money
Hong Kong, mainland Chinese companies more willing to disclose climate change risks, non-profit says

Hong Kong and mainland Chinese companies have become more forthcoming when it comes to disclosures about their exposure to climate change risks, said London-based non-profit organisation CDP Worldwide.

23 Nov 2019 - 1:30PM

Hong Kong and mainland Chinese companies have become more forthcoming when it comes to disclosures about their exposure to climate change risks, said London-based non-profit organisation CDP Worldwide.

Hong Kong, mainland Chinese companies more willing to disclose climate change risks, non-profit says
Climate change: can Hong Kong businesses cope with a direct hit by a super typhoon at high tide?

Super Typhoon Mangkhut, which left Hong Kong with a HK$3.1 billion (US$397 million) insurance bill as it swept past the city last summer, could have been even more devastating, if it had hit during high tide.

23 Nov 2019 - 9:53AM

Super Typhoon Mangkhut, which left Hong Kong with a HK$3.1 billion (US$397 million) insurance bill as it swept past the city last summer, could have been even more devastating, if it had hit during high tide.

Climate change: can Hong Kong businesses cope with a direct hit by a super typhoon at high tide?
China enlists top tobacco firm, train maker for US$21 billion investment fund to help counter manufacturing slump

China is turning to its tobacco giant and a bunch of state-owned entities to help form a 147 billion yuan (US$21 billion) fund to support a faltering manufacturing sector amid a bitter trade war with the US.

19 Nov 2019 - 10:56PM

China is turning to its tobacco giant and a bunch of state-owned entities to help form a 147 billion yuan (US$21 billion) fund to support a faltering manufacturing sector amid a bitter trade war with the US.

China enlists top tobacco firm, train maker for US$21 billion investment fund to help counter manufacturing slump
AXA boosts spending on AI, data analytics in Hong Kong as health revenues power growth in Asian business

AXA SA is stepping up its investment in artificial intelligence and data analytics in Hong Kong to improve health outcomes and lower medical costs, latching on to the city’s proximity to many technological advancements in mainland China.

18 Nov 2019 - 9:46PM

AXA SA is stepping up its investment in artificial intelligence and data analytics in Hong Kong to improve health outcomes and lower medical costs, latching on to the city’s proximity to many technological advancements in mainland China.

AXA boosts spending on AI, data analytics in Hong Kong as health revenues power growth in Asian business
Why are investors offloading Hua Medicine stock which is close to launching a novel diabetes drug?

George Lin, Hua Medicine’s chief financial officer, says results for dorzagliatin are good and has advantages over existing diabetes drugs on the market and is targeting to launch the drug in 2021.

15 Nov 2019 - 6:30AM

George Lin, Hua Medicine’s chief financial officer, says results for dorzagliatin are good and has advantages over existing diabetes drugs on the market and is targeting to launch the drug in 2021.

Why are investors offloading Hua Medicine stock which is close to launching a novel diabetes drug?
SinoMab, first local biotech firm to list in city, says Hong Kong can be ‘nerve centre’ of regional industry

Hong Kong biotechnology company SinoMab Bioscience, which is set to debut on the local stock exchange on Tuesday, said the city had the potential to become the nerve centre of a regional industry, provided the government did more to bridge the gap between academia and industry.

12 Nov 2019 - 7:30AM

Hong Kong biotechnology company SinoMab Bioscience, which is set to debut on the local stock exchange on Tuesday, said the city had the potential to become the nerve centre of a regional industry, provided the government did more to bridge the gap between academia and industry.

SinoMab, first local biotech firm to list in city, says Hong Kong can be ‘nerve centre’ of regional industry
Government support can help Hong Kong become China’s biotech ‘nerve centre’

Hong Kong has the potential to act as the command centre for China’s biotechnology innovation network, but could do with more government support to bridge the academia and industry, according to SinoMab Bioscience. 

11 Nov 2019 - 5:16PM

Hong Kong has the potential to act as the command centre for China’s biotechnology innovation network, but could do with more government support to bridge the academia and industry, according to SinoMab Bioscience. 

Government support can help Hong Kong become China’s biotech ‘nerve centre’
Hong Kong protests clipped Cathay’s wings in third quarter, parent Swire Pacific says as it issues profit warning

Swire Pacific, parent company of Hong Kong carrier Cathay Pacific, said on Thursday it expected to post a lower recurring profit for this year, mainly because of poor results at the airline, which has been adversely affected by about six months of anti-government protests in the city.

8 Nov 2019 - 7:00AM

Swire Pacific, parent company of Hong Kong carrier Cathay Pacific, said on Thursday it expected to post a lower recurring profit for this year, mainly because of poor results at the airline, which has been adversely affected by about six months of anti-government protests in the city.

Hong Kong protests clipped Cathay’s wings in third quarter, parent Swire Pacific says as it issues profit warning
Shares of Victor Li’s CK Life more than double to a multi-year high after favourable clinical trial on drug used for treating skin cancer

In the US alone, 96,000 new cases of melanoma - skin cancer that primarily afflicts people with fair skin after severe exposure to ultraviolet light - are expected this year, resulting possibly in 7,000 deaths, according to CK Life’s chief operating officer Alan Yu Ying-choi

7 Nov 2019 - 9:12AM

In the US alone, 96,000 new cases of melanoma - skin cancer that primarily afflicts people with fair skin after severe exposure to ultraviolet light - are expected this year, resulting possibly in 7,000 deaths, according to CK Life’s chief operating officer Alan Yu Ying-choi

Shares of Victor Li’s CK Life more than double to a multi-year high after favourable clinical trial on drug used for treating skin cancer
Gold ETF investors more than make up for jewellery buyers put off by rising prices

Global jewellery gold purchases fell 16 per cent year on year in the third quarter to 460.9 tonnes, the lowest since the second quarter of 2010, while overall investment demand jumped 110 per cent to 408.6 tonnes, as net inflows into ETFs amounted to 258.2 tonnes.

6 Nov 2019 - 4:00PM

Global jewellery gold purchases fell 16 per cent year on year in the third quarter to 460.9 tonnes, the lowest since the second quarter of 2010, while overall investment demand jumped 110 per cent to 408.6 tonnes, as net inflows into ETFs amounted to 258.2 tonnes.

Gold ETF investors more than make up for jewellery buyers put off by rising prices
Hong Kong home purchases buoyed by mortgage cap relaxation, jump 16 per cent in October

Home purchases in Hong Kong grew 16.1 per cent month on month in October after two consecutive months of declines, lifted by the government’s relaxation of mortgage caps for first-time buyers as part of an economic stimulus package.

5 Nov 2019 - 11:31AM

Home purchases in Hong Kong grew 16.1 per cent month on month in October after two consecutive months of declines, lifted by the government’s relaxation of mortgage caps for first-time buyers as part of an economic stimulus package.

Hong Kong home purchases buoyed by mortgage cap relaxation, jump 16 per cent in October
China’s army of online shoppers stop at buying one thing – diamonds. That appears to be changing, De Beers says

Chinese consumers have not trusted buying diamonds online. Retailers like Chow Tai Fook are figuring out how to change that.

3 Nov 2019 - 10:21PM

Chinese consumers have not trusted buying diamonds online. Retailers like Chow Tai Fook are figuring out how to change that.

China’s army of online shoppers stop at buying one thing – diamonds. That appears to be changing, De Beers says
Hong Kong fashion firm Lever Style identifies fund linked with Alibaba founders as cornerstone IPO investor in digital push

Lever Style, a fashion supply chain manager whose heritage dates back 63 years to a shirt factory in Hong Kong, has enlisted a firm linked with the founders of e-commerce giant Alibaba become a cornerstone investor in its IPO.

4 Nov 2019 - 5:22PM

Lever Style, a fashion supply chain manager whose heritage dates back 63 years to a shirt factory in Hong Kong, has enlisted a firm linked with the founders of e-commerce giant Alibaba become a cornerstone investor in its IPO.

Hong Kong fashion firm Lever Style identifies fund linked with Alibaba founders as cornerstone IPO investor in digital push
Two more companies set to raise up to US$250 million as Hong Kong marches ahead in retaining IPO crown

SinoMab BioScience, a home-grown Hong Kong biopharma company, is aiming to raise up to HK$1.75 billion, while rotary kilns supplier China PengFei Group is seeking to raise up to HK$197.5 million.

31 Oct 2019 - 6:30AM

SinoMab BioScience, a home-grown Hong Kong biopharma company, is aiming to raise up to HK$1.75 billion, while rotary kilns supplier China PengFei Group is seeking to raise up to HK$197.5 million.

Two more companies set to raise up to US$250 million as Hong Kong marches ahead in retaining IPO crown
Chinese medical device maker’s US$2 a day heart attack risk warning system faces resistance in US

Beijing-based Lepu Medical claims that the highly accurate system, backed by the world’s largest patient data set, can offer data analytics service at just US$2 per patient over a 24-hour heart monitoring period.

28 Oct 2019 - 7:00AM

Beijing-based Lepu Medical claims that the highly accurate system, backed by the world’s largest patient data set, can offer data analytics service at just US$2 per patient over a 24-hour heart monitoring period.

Chinese medical device maker’s US$2 a day heart attack risk warning system faces resistance in US
China’s demand for natural gas, infrastructure to rise even as trade war slows down economy

Trade war only affects US exporters as China’s LNG imports could more than double to 111 million tonnes by 2025 from last year.

21 Oct 2019 - 6:30AM

Trade war only affects US exporters as China’s LNG imports could more than double to 111 million tonnes by 2025 from last year.

China’s demand for natural gas, infrastructure to rise even as trade war slows down economy
China’s Jinxin Fertility wants Hong Kong’s aspiring parents to cross the border for cheaper IVF treatment, but protests may hinder promotion blitz

Chengdu-based Jinxin Fertility, which floated shares in Hong Kong to fund expansion, is monitoring the civil unrest before launching a marketing campaign

14 Oct 2019 - 10:04PM

Chengdu-based Jinxin Fertility, which floated shares in Hong Kong to fund expansion, is monitoring the civil unrest before launching a marketing campaign

China’s Jinxin Fertility wants Hong Kong’s aspiring parents to cross the border for cheaper IVF treatment, but protests may hinder promotion blitz
Saudi Aramco invests in cleaner internal combustion engines as it doubles down on oil ahead of jumbo IPO

Aramco is doubling down on the internal combustion engine, at a time when the global automobile market is rushing to embrace electric vehicles, and hybrid petroleum-electric engines.

14 Oct 2019 - 10:14AM

Aramco is doubling down on the internal combustion engine, at a time when the global automobile market is rushing to embrace electric vehicles, and hybrid petroleum-electric engines.

Saudi Aramco invests in cleaner internal combustion engines as it doubles down on oil ahead of jumbo IPO
Macau submits proposal for ‘offshore yuan Nasdaq’ to Chinese government

Official involved in submitting proposal says he hopes the plan may be approved as a ‘birthday gift’ on 20th anniversary of city’s return to Chinese administration.

15 Oct 2019 - 9:40AM

Official involved in submitting proposal says he hopes the plan may be approved as a ‘birthday gift’ on 20th anniversary of city’s return to Chinese administration.

Macau submits proposal for ‘offshore yuan Nasdaq’ to Chinese government
Saudi Aramco, planning to launch world’s largest IPO, says its growth lies in natural gas, refining and chemicals

Aramco was aiming to raise gas output by 39.4 per cent to 21.6 billion cubic feet per day by 2023, says senior vice-president.

11 Oct 2019 - 10:47PM

Aramco was aiming to raise gas output by 39.4 per cent to 21.6 billion cubic feet per day by 2023, says senior vice-president.

Saudi Aramco, planning to launch world’s largest IPO, says its growth lies in natural gas, refining and chemicals
Hong Kong-listed property firms give over US$2 billion to charitable causes, topping list of donors

China Evergrande Group was the biggest donor last year, handing out HK$4.3 billion, some 5.7 per cent of its annual profit, according to a study by Sodata Analytics Foundation Association.

7 Oct 2019 - 2:02PM

China Evergrande Group was the biggest donor last year, handing out HK$4.3 billion, some 5.7 per cent of its annual profit, according to a study by Sodata Analytics Foundation Association.

Hong Kong-listed property firms give over US$2 billion to charitable causes, topping list of donors
China’s consumption upgrade props up shrinking car market with locally made premium models flying off the assembly line

Sales of 10 premium brands, which includes BMW, Mercedes-Benz, Audi, Volvo and Lexus, have risen in China compared to the 11 per cent decline in overall car volumes in the year’s first eight months.

6 Oct 2019 - 10:57PM

Sales of 10 premium brands, which includes BMW, Mercedes-Benz, Audi, Volvo and Lexus, have risen in China compared to the 11 per cent decline in overall car volumes in the year’s first eight months.

China’s consumption upgrade props up shrinking car market with locally made premium models flying off the assembly line
Gold supply heading for peak unless miners ramp up exploration spending, resource consultancy Wood Mackenzie says

Gold miners slashed their exploration budgets when the gold price fell from the highs of 2011/12 and have kept them low ever since, says Wood MacKenzie

4 Oct 2019 - 6:44AM

Gold miners slashed their exploration budgets when the gold price fell from the highs of 2011/12 and have kept them low ever since, says Wood MacKenzie

Gold supply heading for peak unless miners ramp up exploration spending, resource consultancy Wood Mackenzie says
How a son made it his mission to launch inexpensive drugs in China after father’s death from cancer

Shanghai Henlius Biotech, launched by former Amgen executive Scott Liu Shi-kau, is working on 16 cancer drugs that are undergoing clinical trials or awaiting approval for marketing.

26 Sep 2019 - 8:47AM

Shanghai Henlius Biotech, launched by former Amgen executive Scott Liu Shi-kau, is working on 16 cancer drugs that are undergoing clinical trials or awaiting approval for marketing.

How a son made it his mission to launch inexpensive drugs in China after father’s death from cancer