Cheng held various business leadership roles at the China Resources Group, the Hong Kong-based Fortune Global 100 conglomerate, culminating to over two decades of experience in corporate finance, merger, and acquisition as well as private equity investment. In 1992, Mr Cheng joined China Resources Group and progressed through diverse executive positions in seven strategic business units across Hong Kong and mainland China.

Most recently, he sat as the Chief Executive Officer and Board Director of China Resources Capital Management Limited, the alternative asset manager focusing on investment in consumer, healthcare, industrial and technology sectors in Greater China. Under his leadership, the Company won several Best of the Best Awards by Asia Asset Management and Asian Investor.

Prior to the role, Cheng served as the Chief Financial Officer and one of the Board Directors of China Resources Investment & Asset Management Limited, the principal investment arm of China Resources Group. His responsibilities included investment strategy, multi-billion dollar business acquisitions, and operation management.

From 2003 to 2007,  Cheng was also the Deputy General Manager of the Finance Department of China Resources Group.

Currently, Cheng is a Senior Advisor to The Blackstone Group (HK) Limited.