In a medium saucepan, bring two cups of water to a boil.
Cook asparagus in boiling water for 3 minutes. Drain, reserving 2 tablespoons of liquid.
Heat the oil in a skillet over medium-high heat.
Sauté the shrimp pieces until the color changes, about 3 to 5 minutes.
Stir in asparagus with reserved liquid and season with ginger, soy sauce, sugar, sherry and salt to taste.
Continue to cook for 5 more minutes.