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

BeiGene, once a target for short sellers, attracts jumbo deal from Amgen, hedge fund eyeing China’s red-hot pharmaceutical sector

China’s red-hot pharmaceutical sector is a magnet to investors eyeing the world’s second-largest market. BeiGene, once accused by a short seller of inflating its sales, has completed another jumbo stock deal.

3 hours ago

China’s red-hot pharmaceutical sector is a magnet to investors eyeing the world’s second-largest market. BeiGene, once accused by a short seller of inflating its sales, has completed another jumbo stock deal.

BeiGene, once a target for short sellers, attracts jumbo deal from Amgen, hedge fund eyeing China’s red-hot pharmaceutical sector
Chinese biotech firm Immunotech deploys IPO cash to bet on next technology to fight liver cancer

Immunotech Biopharm expects to collect results from its clinical trials on liver-cancer patients next year and aims to win marketing approval for its technology in 2022, CEO Wang Yu says.

13 Jul 2020 - 12:44PM

Immunotech Biopharm expects to collect results from its clinical trials on liver-cancer patients next year and aims to win marketing approval for its technology in 2022, CEO Wang Yu says.

Chinese biotech firm Immunotech deploys IPO cash to bet on next technology to fight liver cancer
China’s high hepatitis prevalence could be a boon for genomic tests developers for early screening of liver cancer

The country, a global hotspot for liver diseases, has emerged as an attractive target market for developers of genomic liver cancer screening tests.

12 Jul 2020 - 11:00PM

The country, a global hotspot for liver diseases, has emerged as an attractive target market for developers of genomic liver cancer screening tests.

China’s high hepatitis prevalence could be a boon for genomic tests developers for early screening of liver cancer
CLP powers ahead with ‘smart’ and ‘clean’ energy opportunities in Greater Bay Area just as it did 40 years ago

CLP is deploying clean energy, smart city and digital energy infrastructure monitoring technologies in the bay area to improve efficiency and enhance customer experience.

6 Jul 2020 - 11:50AM

CLP is deploying clean energy, smart city and digital energy infrastructure monitoring technologies in the bay area to improve efficiency and enhance customer experience.

CLP powers ahead with ‘smart’ and ‘clean’ energy opportunities in Greater Bay Area just as it did 40 years ago
Another scandal brews in China’s P2P lending sector as authorities investigate Hangzhou’s largest microloans provider

Hangzhou’s public security bureau said they will be taking action to prevent losses at Weidai (Hangzhou) and recover stolen funds.

5 Jul 2020 - 10:18PM

Hangzhou’s public security bureau said they will be taking action to prevent losses at Weidai (Hangzhou) and recover stolen funds.

Another scandal brews in China’s P2P lending sector as authorities investigate Hangzhou’s largest  microloans provider
China to boost natural gas production and trim imports, despite glut and pandemic-induced price slump, top distributor says

A one-third decline in natural gas prices and an excess supply in global market will not prevent China from boosting natural gas output to cut its reliance on imports, according to ENN Energy.

22 Jun 2020 - 7:59PM

A one-third decline in natural gas prices and an excess supply in global market will not prevent China from boosting natural gas output to cut its reliance on imports, according to ENN Energy.

China to boost natural gas production and trim imports, despite glut and pandemic-induced price slump, top distributor says
‘International education’ can play a key role in development of China’s Greater Bay Area, says pioneer Hong Kong schools veteran

The economic growth of the GBA will spur demand for ‘international education’ from local students, says Betty Chan Po-king, CEO of Yew Chung International Schools in Hong Kong.

20 Jun 2020 - 3:47PM

The economic growth of the GBA will spur demand for ‘international education’ from local students, says Betty Chan Po-king, CEO of Yew Chung International Schools in Hong Kong.

‘International education’ can play a key role in development of China’s Greater Bay Area, says pioneer Hong Kong schools veteran
China’s aim to integrate Greater Bay Area comes together with Hong Kong health care providers playing a leading role

Health care is a vital part of Beijing’s goal to make the Greater Bay Area liveable for migrants. The inclusion of Hong Kong-based providers in the mainland’s insurance network is likely to spur cross-border flow of talent.

20 Jun 2020 - 1:01PM

Health care is a vital part of Beijing’s goal to make the Greater Bay Area liveable for migrants. The inclusion of Hong Kong-based providers in the mainland’s insurance network is likely to spur cross-border flow of talent.

China’s aim to integrate Greater Bay Area comes together with Hong Kong health care providers playing a leading role
Swire Pacific issues another profit warning as property, airline, marine units suffer from coronavirus impact

Swire Pacific has issued another profit warning, saying its airline, property investment and marine services units would post substantial losses as the coronavirus pandemic damages its outlook.

16 Jun 2020 - 5:03AM

Swire Pacific has issued another profit warning, saying its airline, property investment and marine services units would post substantial losses as the coronavirus pandemic damages its outlook.

Swire Pacific issues another profit warning as property, airline, marine units suffer from coronavirus impact
Hong Kong start-up Roborn joins race to pioneer UV light disinfecting robots

Hong Kong, a global financial centre less known for its robotics expertise, will soon have a local start-up join the international race to make more affordable mobile ultraviolet light disinfecting machines.

8 Jun 2020 - 9:30AM

Hong Kong, a global financial centre less known for its robotics expertise, will soon have a local start-up join the international race to make more affordable mobile ultraviolet light disinfecting machines.

Hong Kong start-up Roborn joins race to pioneer UV light disinfecting robots
Hong Kong’s tycoons catch the privatisation bug as they pick up assets at rock-bottom prices amid stock market’s slump

Asia’s third-largest equity bourse is trading at the third-lowest valuation across the region’s 14 markets, weighed down by a recession mired in the coronavirus pandemic and almost a year of anti-government protests, creating the perfect conditions for more take-private proposals.

6 Jun 2020 - 7:09AM

Asia’s third-largest equity bourse is trading at the third-lowest valuation across the region’s 14 markets, weighed down by a recession mired in the coronavirus pandemic and almost a year of anti-government protests, creating the perfect conditions for more take-private proposals.

Hong Kong’s tycoons catch the privatisation bug as they pick up assets at rock-bottom prices amid stock market’s slump
Chinese start-up Everest Medicines raises US$310 million in Series C round to fund development of drugs pipeline

Funding from Janchor Partners, RA Capital Management, Hillhouse Capital, and Jiashan SDIC will go towards developing eight potential drug candidates.

5 Jun 2020 - 3:19PM

Funding from Janchor Partners, RA Capital Management, Hillhouse Capital, and Jiashan SDIC will go towards developing eight potential drug candidates.

Chinese start-up Everest Medicines raises US$310 million in Series C round to fund development of drugs pipeline
In pandemic lesson, German drug maker Stada banks on China for raw materials, supply chain security

Stada Arzneimittel, owned by private equity firms Bain Capital and Cinven, is turning to China to enhance its supply security and boost sales presence in Asia’s biggest pharmaceutical market.

4 Jun 2020 - 11:17AM

Stada Arzneimittel, owned by private equity firms Bain Capital and Cinven, is turning to China to enhance its supply security and boost sales presence in Asia’s biggest pharmaceutical market.

In pandemic lesson, German drug maker Stada banks on China for raw materials, supply chain security
Huadian joins stampede on Hong Kong market to take units private as market slump uncovers dozens of undervalued stocks

There are 16 “take-private” transactions valued at US$9.5 billion under way on the Hong Kong exchange since the beginning of February, according to Refinitiv’s data.

3 Jun 2020 - 2:33PM

There are 16 “take-private” transactions valued at US$9.5 billion under way on the Hong Kong exchange since the beginning of February, according to Refinitiv’s data.

Huadian joins stampede on Hong Kong market to take units private as market slump uncovers dozens of undervalued stocks
Li & Fung delists from Hong Kong’s bourse after 28 years as supply chain manager is privatised while global trade roils

The privatisation of Li & Fung, which made its fortunes as the middle man between mainland China’s factories and the world’s consumers, highlights Hong Kong’s struggle to redefine its strategic role as technology and smartphone-enabled online shopping upended bricks-and-mortar commerce.

27 May 2020 - 10:31PM

The privatisation of Li & Fung, which made its fortunes as the middle man between mainland China’s factories and the world’s consumers, highlights Hong Kong’s struggle to redefine its strategic role as technology and smartphone-enabled online shopping upended bricks-and-mortar commerce.

Li & Fung delists from Hong Kong’s bourse after 28 years as supply chain manager is privatised while global trade roils
Digitalisation the way forward for global apparel makers in post-coronavirus era as bankruptcies reshape industry

Industry players say manufacturers that survive the downturn will turn to technology to streamline production processes and become nimble.

25 May 2020 - 10:02PM

Industry players say manufacturers that survive the downturn will turn to technology to streamline production processes and become nimble.

Digitalisation the way forward for global apparel makers in post-coronavirus era as bankruptcies reshape industry
Fresh protests hit Hong Kong property sales, but weekend total highest since January amid pent-up demand

Most developers who had put up flats for sale on Sunday fared poorly as prospective buyers stayed put because of demonstrations.

24 May 2020 - 11:02PM

Most developers who had put up flats for sale on Sunday fared poorly as prospective buyers stayed put because of demonstrations.

Fresh protests hit Hong Kong property sales, but weekend total highest since January amid pent-up demand
Hong Kong start-up Pacific GeneTech joins global search for African swine fever vaccine

Pacific GeneTech has partnered with a US firm to develop vaccines for the disease, which has caused the deaths or culling of hundreds of millions of pigs globally

24 May 2020 - 11:02PM

Pacific GeneTech has partnered with a US firm to develop vaccines for the disease, which has caused the deaths or culling of hundreds of millions of pigs globally

Hong Kong start-up Pacific GeneTech joins global search for African swine fever vaccine
After red-hot IPO, Chinese biotech firm Kintor eyes blockbuster drugs for prostate cancer, sex hormone-related hair loss

Kintor Pharmaceutical wants to take on blockbuster drugs in China and the US for prostate cancer and hair-loss treatments, after getting a red-hot reception for its IPO in Hong Kong.

22 May 2020 - 5:02PM

Kintor Pharmaceutical wants to take on blockbuster drugs in China and the US for prostate cancer and hair-loss treatments, after getting a red-hot reception for its IPO in Hong Kong.

After red-hot IPO, Chinese biotech firm Kintor eyes blockbuster drugs for prostate cancer, sex hormone-related hair loss
Chinese prostate, breast cancer drugs maker Kintor’s IPO more than 500 times oversubscribed as Hong Kong biotech investment fever continues

Kintor Pharmaceutical sees its HK$1.86 billion (US$240 million) IPO more than 500 times oversubscribed as investors keep betting on biotech start-ups to hit the jackpot with high-demand medicines.

19 May 2020 - 10:58PM

Kintor Pharmaceutical sees its HK$1.86 billion (US$240 million) IPO more than 500 times oversubscribed as investors keep betting on biotech start-ups to hit the jackpot with high-demand medicines.

Chinese prostate, breast cancer drugs maker Kintor’s IPO more than 500 times oversubscribed as Hong Kong biotech investment fever continues
Shanghai and Shenzhen stock markets are shaping up as viable rivals to Hong Kong in the race for the biotech IPO crown

The changes afoot reflect the competition between the three stock exchanges – Hong Kong, Shanghai and Shenzhen – to claim the crown as the go-to destination for Chinese companies.

18 May 2020 - 1:34PM

The changes afoot reflect the competition between the three stock exchanges – Hong Kong, Shanghai and Shenzhen – to claim the crown as the go-to destination for Chinese companies.

Shanghai and Shenzhen stock markets are shaping up as viable rivals to Hong Kong in the race for the biotech IPO crown
Companies rush to replace ‘just in time’ supply chains with ‘just in case’ contingencies as Covid-19 upends global manufacturing

Industry players and supply chain experts said the shifting of the supply chain model is most likely in the production of essential goods such as food and medical devices.

16 May 2020 - 2:36PM

Industry players and supply chain experts said the shifting of the supply chain model is most likely in the production of essential goods such as food and medical devices.

Companies rush to replace ‘just in time’ supply chains with ‘just in case’ contingencies as Covid-19 upends global manufacturing
Hong Kong has research talent and great stock market, but government help is needed to ease local biotech industry’s growth constraints, panel hears

Hong Kong’s small biotechnology industry is limited by an undeveloped manufacturing base and the lack of indigenous new drugs regulatory systems, even as the city hosts the world’s second-largest stock listing market for such companies.

20 May 2020 - 5:33PM

Hong Kong’s small biotechnology industry is limited by an undeveloped manufacturing base and the lack of indigenous new drugs regulatory systems, even as the city hosts the world’s second-largest stock listing market for such companies.

Hong Kong has research talent and great stock market, but government help is needed to ease local biotech industry’s growth constraints, panel hears
Health supplements defy historic retail slump as coronavirus spurs sales of immunity boosters in Hong Kong

Health and beauty retailer AS Watson says that even though it was not immune to the general retail slump in Hong Kong, sales of vitamins and supplements bucked the trend

11 May 2020 - 10:36PM

Health and beauty retailer AS Watson says that even though it was not immune to the general retail slump in Hong Kong, sales of vitamins and supplements bucked the trend

Health supplements defy historic retail slump as coronavirus spurs sales of immunity boosters in Hong Kong
From Bruce Lee to L’Oreal, China is pumping up optimism for court cases against intellectual-property thieves

Frustration is giving way to optimism for global companies in their long-running fights against intellectual property theft in China. Recent New Balance and Spin Master court awards are cementing the new push, lawyers say.

9 May 2020 - 8:58AM

Frustration is giving way to optimism for global companies in their long-running fights against intellectual property theft in China. Recent New Balance and Spin Master court awards are cementing the new push, lawyers say.

From Bruce Lee to L’Oreal, China is pumping up optimism for court cases against intellectual-property thieves
Boosted by US$6 million Alibaba cash injection, Hong Kong compostable food packaging start-up takes on single-use plastics

Ecoinno has received US$6 million from the Alibaba Entrepreneurs Fund for manufacturing facilities, including a fully automated factory in Tai Po, that will produce fully compostable packaging and help the city wean itself off single-use plastics.

8 May 2020 - 10:55PM

Ecoinno has received US$6 million from the Alibaba Entrepreneurs Fund for manufacturing facilities, including a fully automated factory in Tai Po, that will produce fully compostable packaging and help the city wean itself off single-use plastics.

Boosted by US$6 million Alibaba cash injection, Hong Kong compostable food packaging start-up takes on single-use plastics
Bank of China oversteps regulations in passing derivatives off as wealth management. And it’s not alone

Several bank officials say the crude oil derivative products effectively overstepped regulations that bar the country’s lenders from operating as commodities futures brokerages.

6 May 2020 - 10:54PM

Several bank officials say the crude oil derivative products effectively overstepped regulations that bar the country’s lenders from operating as commodities futures brokerages.

Bank of China oversteps regulations in passing derivatives off as wealth management. And it’s not alone
Hong Kong retailers turn to staff-run online shops to boost sales hit by protests, Covid-19 pandemic

The nascent model, which enables sales people from a particular vendor to individually set up their own online stores selling the company’s products, has seen a surge as coronavirus hit retail sales after months of civil unrest.

4 May 2020 - 8:41AM

The nascent model, which enables sales people from a particular vendor to individually set up their own online stores selling the company’s products, has seen a surge as coronavirus hit retail sales after months of civil unrest.

Hong Kong retailers turn to staff-run online shops to boost sales hit by protests, Covid-19 pandemic
Coronavirus lockdowns show real-time logistics data is key to make-or-break business contingency decisions, say executives

Its proven efficiency during the Covid-19 pandemic will speed up the digitalisation of logistics processes across industries, according to a global chemicals producer and logistics executives

3 May 2020 - 9:18PM

Its proven efficiency during the Covid-19 pandemic will speed up the digitalisation of logistics processes across industries, according to a global chemicals producer and logistics executives

Coronavirus lockdowns show real-time logistics data is key to make-or-break business contingency decisions, say executives
Bank of China’s US$1 billion hole from plunging oil shows how investors and banks alike are ill-prepared for risks of chasing after high returns

Several state-owned lenders have paused the sale of similar financial products for their retail customers, exposing the deficiencies in China’s 22.2 trillion yuan wealth management industry, where regulations and investor protection measures fail to keep up with a rapidly growing industry.

2 May 2020 - 11:30AM

Several state-owned lenders have paused the sale of similar financial products for their retail customers, exposing the deficiencies in China’s 22.2 trillion yuan wealth management industry, where regulations and investor protection measures fail to keep up with a rapidly growing industry.

Bank of China’s US$1 billion hole from plunging oil shows how investors and banks alike are ill-prepared for risks of chasing after high returns