the post wins top prize and second runner-up at 2022 citi journalistic excellence awards

South China Morning Post has won two of the top three prizes at the 2022 Citi Journalistic Excellence Awards, administered by the Columbia University Graduate School of Journalism.

Deputy Business Editor Peggy Sito won the top award for her December 2021 feature story about a significant reform in China’s national pricing scheme for pharmaceuticals.

Former technology reporter Jane Zhang, now working for Bloomberg, won second runner-up with her March 2021 report from Wuhan about how a local chip maker had based its hopes of catching up with the country’s biggest semiconductor foundry on a string of false promises.

“Timely, objective and accurate reporting on business, economic and financial issues lead to a more informed public,” said Angel Ng, Asia-Pacific Head of Citi Global Wealth and CEO for Citi Hong Kong & Macau, which has sponsored the awards for 13 years. “Congratulations to our award winners on their outstanding work and commitment to journalistic excellence. In-depth and forward-thinking reporting is, and will continue to be, crucial to the progress and development of the financial industry and society as a whole.”

The first runner-up award went to Sing Tao Daily’s Miki Kwong, for her Chinese-language story about a bubble brewing in non-fungible tokens (NFT) amid the industry’s hype, an article which also bagged her the Newcomer of the Year honour.

Edmond Wong’s report about US interest rates and Hong Kong’s currency peg, aired on Cable TV, was hailed as the Broadcast of the Year.

The top prize comprises five days of seminars at Columbia’s graduate programme in New York in June.

This was the second time since 2019 that SCMP has won the top honours at the awards. Liu Yujing’s June 2018 story about a Sichuan facility that bred 6 billion cockroaches as food and medicine won the 2019 award, entitling Liu to a weeklong programme at Columbia.

Sito joined the Post in 1994. Her winning story was about an obscure list of imported medications that were eligible for state subsidies through China’s health insurance scheme, an administrative largesse that has saved lives and made rare diseases treatable and affordable.

She interviewed the mother of a 19-month-old infant afflicted with an unusual spinal atrophy, who would not have been able to afford the lifelong treatment at 700,000 yuan (US$110,000) per dose, were it not for the subsidies, which applied to the imported drug in the latest addition.

“Peggy Sito’s award-winning reporting demonstrated deep expertise in the mechanics of pharmaceutical drug pricing, government regulations, and marketing strategies,” Columbia’s director of professional programmes Kate Kennedy said in a statement. “Her long career as a business reporter and now editor is evident in this sophisticated reporting.”

Zhang’s story featured her on-the-ground reporting from the Hubei provincial capital of Wuhan, where an ambitious dream to answer China’s pressing need for semiconductor manufacturing has turned into a nightmare because of a string of false promises, the latest in a string of scandals along China’s long road to chip autonomy.

Hong Kong stocks set for best month since October on China outlook while Tencent, SenseTime slip as insiders sell

Global capital flows and geopolitical risks are Hong Kong’s biggest challenges for the next few years, city’s de facto central banker says

Departing Hong Kong property investors haunted by same dilemma of 1997, where will the best real estate returns be found?

NYSE-listed Chinese low-cost retailer Miniso targets US$116 million in secondary Hong Kong float

Carousell rides sustainability trend in Hong Kong, aims to make buying and selling of second-hand items ‘as frictionless as possible’

Fewer billionaires in mainland China as ultra-wealthy feel pain of Beijing’s tech, property crackdowns, study says

Alibaba’s cloud services unit launches carbon management tool for its global business customers to aid decarbonisation drive

Coal-rich, gas-poor China needs more carbon capture and energy storage tech for new power system, analysts say

This similarity between human and octopus brains has scientists shocked

Subscription version of Snapchat makes its debut

Dethroning of China’s ‘live-streaming queen’ and ‘lipstick king’ is not doomsday for the sector

Niantic has laid off 8 percent of its staff, canceled 4 internal projects including Transformers: Heavy Metal

TEAMGROUP Outs Industrial DDR5-5600 Memory with RGB Alert

TerraMaster Releases TOS 5 OS Offering Better Security

How 2022 is shaping up to be a year of redemption for Chinese equities

Zillow lays off 55 employees in Texas as it shuts down its iBuying business

TECH NEWS RELATED

Why Swire Properties and New World’s climate initiatives are a win-win for office tenants and property industry

Hong Kong’s office landlords are increasingly helping tenants meet their climate goals with initiatives that allow them to monitor their energy use and retrofit buildings. The initiatives, which are part of an industry-wide drive, are required if the city wants to reach its 2050 carbon neutral goal as buildings ...

View more: Why Swire Properties and New World’s climate initiatives are a win-win for office tenants and property industry

A mysterious rocket just slammed into the moon and no one knows who launched it

Space junk is a massive problem for NASA and other space agencies. Back in March, we reported on three tons of space junk hurtling towards the Moon. The junk was set to hit the side of the Moon facing away from our planet. Since those initial reports, more believe ...

View more: A mysterious rocket just slammed into the moon and no one knows who launched it

Tesla employees going back to work have to put up with bad Wi-Fi and a lack of desks

This comes amid a time of economic turmoil where the company has already paused hiring worldwide

View more: Tesla employees going back to work have to put up with bad Wi-Fi and a lack of desks

Google reportedly exploring purchase of iconic Jahn building in Chicago

Credit: Ken Lund from Reno, Nevada, USA, CC BY-SA 2.0 Google is reportedly negotiating to purchase the state-owned James R. Thompson Center in downtown Chicago. If true, such a deal could spark a turnaround for the struggling LaSalle Street corridor, where many longtime businesses have recently departed, leaving behind ...

View more: Google reportedly exploring purchase of iconic Jahn building in Chicago

Why zero-Covid China is looking more appealing to global investors

Until this week, it seemed like it was the best-kept secret in financial markets. Eclipsed by the dramatic fallout from the aggressive tightening in monetary policy in advanced economies, a two-month-long rally in China’s beaten-down stocks has been gathering steam. Despite a brutal sell-off across all major asset classes, ...

View more: Why zero-Covid China is looking more appealing to global investors

Samsung starts production on 3nm chips, boasts performance gains over 5nm

Samsung says its 3nm process is 45 percent more power-efficient while offering 23 percent higher performance

View more: Samsung starts production on 3nm chips, boasts performance gains over 5nm

Bridging the gap between scientific discovery and societal benefit

One of the profiles Schelhorn and Herbers included in the book covers commercialization in the U.S. Department of Agriculture, which has funded Ohio State food science, horticultural and medical research on tomatoes for many years. Credit: Jo McCulty | The Ohio State University There comes a time in many ...

View more: Bridging the gap between scientific discovery and societal benefit

European Union inks deal on crypto transfer tracing rules

An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Europe is poised to take the global lead in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. ...

View more: European Union inks deal on crypto transfer tracing rules

Sky-high mortgages, 7.1% inflation, and a 20% chance of recession. How the Conversation’s panel sees the year ahead

Overseas flights in high demand as Shanghai resumes international travel after lockdown

Air Canada plans major flight cancellations this summer

How to use code blocks in Discord

Climate change: Only 11 per cent of listed firms globally on track to achieve key carbon-emissions goal, MSCI says

Fresh hope for new flystrike control method

Is your insurance company watching you online and is it legal?

Sino Land sells all 238 flats at Lohas Park in three hours as buyers rush to get ahead of rising mortgage rates

JobSeeker eligibility changes: what you must do under the new ‘points-based activation’ system

Climate Change: Chinese offshore oil and gas giant eyes major clean energy output expansion to help nation reach environmental goals

How to fix a Fire TV Stick remote that’s not working

Dynamic change may be in the past for an ageing Hong Kong amid greater mainland integration

OTHER TECH NEWS

Top Car News Car News