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Gary Ng

(吳卓殷)

Gary Ng
吳卓殷
Gary Ng is a Senior Economist for Asia Pacific at Natixis Corporate and Investment Bank, a role he has held since 2015. He specialises in macroeconomic and thematic research, analysing trends across the Asia Pacific region, including international trade, supply chains, and government policies.
Apple CEO Tim Cook with US President Donald Trump during an event in the Oval Office of the White House on August 6, 2025. Photo: AP
2026 Xi-Trump summit

Trump’s cadre of CEOs hunts for wins in China, from soybeans to semiconductors

Corporate leaders join this week’s state visit, with a diverse group eyeing market access and stability amid frictions.

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Banking & finance

Investors bet CK Hutchison is exiting a mature sector at right time – once again

International Property

Singapore’s safe-haven status draws more Chinese property investment

China energy security

Why China may benefit from the UAE’s Opec withdrawal

Beijing may have access to increased supply – though Strait of Hormuz disruption remains a serious constraint, analysts say.

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A model of an oil pump is seen in front of the Opec logo in this illustration taken January 9. Photo: Reuters
Semiconductors

Asia’s chipmakers feel the heat as naphtha crunch hits photoresist supply

Japanese suppliers warn of photoresist strain as upstream shocks ripple through Asia’s semiconductor supply chain.

Banking & finance

Hong Kong wants to be a global gold vault. Does the Iran war create an opening?

Geopolitical risk is driving a rethink of where bullion is stored – and Hong Kong’s unique status is drawing attention.

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China GDP

China beats expectations with 5% growth in first GDP release since Iran war

‘Stronger than expected’ growth figure indicates minimal impact from the conflict and a low likelihood for near-term stimulus, analysts said.

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A coil of copper is moved at an electrical materials factory in Dongyang, Zhejiang province, on Tuesday. Photo: AFP
Two Sessions 2026

China to pursue commercial health insurance to ease strain, support innovation

Commercial health insurance enters China’s policy agenda as an ageing population and costs strain basic coverage.

China's economic recovery

Stagflation risk emerges amid Mideast oil crisis, clouds China’s economic battle

While rising energy costs from war in Iran may briefly aid China’s deflation battle, analysts warn how oil price spike could threaten nation’s fragile economic rebound.

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Technology

Asian tech stocks reel as US-Iran war threatens infrastructure and supply chains

South Korea’s Kospi is the worst-hit in Asia, with Samsung Electronics and SK Hynix falling 11.7 per cent and 9.6 per cent, respectively.

Currency dealers monitor exchange rates as an electronic screen shows South Korea’s benchmark stock index on Wednesday. Photo: AFP
Hong Kong property

Can HKIC fix Hong Kong’s 15 million square-foot office vacancy problem?

Attracting foreign institutions might prove difficult amid the commercial property sector’s elevated vacancy rates and uncertain recovery.

A general view of prime commercial buildings in Hong Kong’s Central district. Photo: UCG/Universal Images Group via Getty Images
Banking & finance

South Korean investors pour millions into Chinese AI and tech stocks

Despite a sizzling home market, the country’s investors are stepping up buying on the Hong Kong and mainland exchanges this year.

Banking & finance

Why China’s rise as a ‘financial superpower’ could depend on Hong Kong

From the yuan’s growth as a global currency to IPO funding to tokenisation, the city is a linchpin in Beijing’s ambitions.

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Hong Kong budget 2026-27

Hong Kong budget 2026-27: should the coming blueprint boost yuan’s global push?

Experts say Hong Kong has ‘distinct advantages’ that can support the country’s financial development amid geopolitical uncertainties.

Given mainland China’s current capital controls, the internationalisation of the yuan has largely proceeded through offshore markets. Photo: Reuters
China's population

China and South Korea team up on a vexing issue: their fast-ageing populations

After years of tense relations, the two nations are finding common ground over their need to adapt to an era of ‘super-aged societies’.

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An elderly resident interacts with a humanoid robot at a care home in Shenzhen, China’s southern Guangdong province. Photo: Xinhua
Semiconductors

Taiwan pushes back on Washington’s aggressive chip relocation demands

The new reality in geopolitics is the structural transformation from ‘made-in-Taiwan’ to ‘made-by-Taiwan’, according to one analyst.

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China-EU relations

Finland’s leader set for 4-day China visit as Europe seeks to counter Trump

Petteri Orpo to lead executives from more than 20 companies in first China visit by a Finnish prime minister since 2017.

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Banking & finance

Global funds, from BlackRock to Temasek, back China’s largest biotech firms

Global institutional investors have built up sizeable positions in firms including Innovent, 3SBio, WuXi Biologics, Jiangsu Hengrui, Akeso and BeOne.

Global investors have reaped sizeable rewards from their investments in Hong Kong-listed biotech and pharmaceutical companies in the past year. Photo: Shutterstock
Bonds

Japan bond volatility raises contagion alarm for Asia’s stocks and debt

Japan’s yield spike is testing safe-haven assumptions, with markets debating whether the movement is local or systemic.

US-China relations

Trump wants US$1.5 trillion for military. Will China boost spending too?

Analysts say Donald Trump’s military budget proposal aims to blunt China’s influence, but some dismiss the spending plan as ‘fanciful’.

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China trade

China’s diplomatic divide: red carpet for Seoul, cold shoulder for Tokyo firms

While Tokyo’s corporate leaders stay home amid fallout from prime minister’s remarks on Taiwan, Beijing prepares to welcome South Korean president and top executives.

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A meeting between President Xi Jinping and South Korean President Lee Jae-myung is expected in the coming days. Photo: Shutterstock
US-China relations

TikTok seals US deal but core algorithm could still rattle ties with China

Compliance questions remain and Beijing’s approval for the spin-off is not guaranteed, observers say.

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A new entity, named TikTok USDS Joint Venture LLC, will come into effect in the United States on January 22. Photo: Getty Images
Semiconductors

China eyes mastery of EUV lithography, bolstering AI chip ambitions: analysts

‘As the semiconductor dream has become a national security issue, I would not underestimate China’s ambition,’ Natixis analyst Gary Ng says.

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China travel

Why South Korea is becoming China’s new bargain travel hotspot amid Japan spat

A slump in the won is making South Korea increasingly affordable for mainland tourists just as China warns against travel to Japan.

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Banking & finance

Will Russia’s gold sale prompt a retreat? Hedge fund manager spurs debate

While a Chinese hedge fund manager has claimed gold’s ‘best days’ are over, analysts argue Moscow’s move does not reflect the overall picture.

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A reported sale of gold by Russia’s central bank has stoked debate over whether the precious metal’s price rally has come to an end. Photo: AFP
China-EU relations

‘Compliance maze’: EU scrutiny of Huawei, ZTE, Shein ups stakes for China firms

Firms operaing in EU may face regulatory costs, political risk, supply-chain exposure, analysts say, as contingency plans may be in works.

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French police walk past a Shein advertisement on November 5 in Paris. Photo: Reuters
US-China tech war

Dutch seizure of Nexperia faces uncertainty after Xi-Trump summit

Beijing says Washington will pause its updated export measures, which prompted The Hague to take control of the chipmaker.

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US-China trade war

With US-China tensions back on the upswing, is the TikTok deal at risk?

Analyst opinion mixed on viability of deal for Chinese short video app’s US ownership, with ‘everything on the table’ after recent flare-ups.

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