www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Tycoons advised on charity

By He Dan (China Daily) Updated: 2012-12-01 02:24

Western experience sought after to advance China's development

The newly rich in China are looking to the West for experience again. But this time, they want to learn how to spend money, rather than how to make it.

Zhang Xin, CEO and co-founder of Soho China, a leading real estate developer, said she had no clear strategy when she started her journey into philanthropy.

"In the early days, when I established the Soho China Foundation, we did not have a clear plan. We gave money to build a school here and set up a kindergarten there and rushed to help people affected by a tsunami," Zhang said.

Zhang said she gradually realized that it is important to discover the pressing social problems China faces and then choose one field that requires a huge investment of money and human capital.

The female billionaire said her foundation began training teachers in rural schools in Northwest China's Gansu province, one of the most impoverished provinces, six years ago.

This year she became chairwoman of the Board of Teach for China, a nonprofit that sends top Chinese and American university graduates to teach in low income schools in China.

"Teach for China is what we learned from an American foundation," she said.

Zhang made her remarks at the China Philanthropy Forum 2012, which was jointly held on Friday by the China Association for International Friendly Contact, Caijing Magazine and other organizations in Beijing.

Peter Buffett, musician and philanthropist, said his father, renowned investor Warren Buffett, gave each of his three children $1 billion to fund charitable foundations in 2006.

The junior Buffett, who also attended the forum, said his father's "reverse birthday gift" allowed him to think about the issues in the world, and later he and his wife set up NoVo, a foundation focused on helping girls and women worldwide.

Former British prime minister Tony Blair said during his keynote speech at the forum that he has found "a new life" in global philanthropy.

After leaving government, Blair has devoted himself to philanthropy across the world, especially in Africa, he said.

Blair said he believes philanthropy is vital for a healthy and flourishing society, which can get things done more efficiently than government, an observation he credits to his experience as prime minister for 10 years.

Cheng Gang, president of the China Foundation Center, a leading information portal for charitable foundations, told China Daily in a telephone interview on Friday that more and more successful entrepreneurs and business people in China have started to establish their family grant-making endowed foundations in recent years.

"Since the opening-up more than three decades ago, the economic growth has facilitated the growth of China's first and second generation of entrepreneurs," Cheng said.

"After years of wealth accumulation, some rich Chinese start to ponder the question of how to deal with the huge amount of wealth since they are getting older and they may not need so much money for themselves," he said.

"Family foundations allow the rich to spend their money more wisely and create more social values," he said.

Family foundations also enable rich families to preserve their core values and pass the spiritual legacy to their successive generations, he stressed.

However, it remains a fledging sector, as there are fewer than 50 family foundations in the Chinese mainland, accounting for about 1 percent of all charitable foundations, Cheng said, citing his center's latest research results.

These foundations' annual spending merely takes up less than 2 percent of all mainland foundations' total spending, he added.

But the legal system, especially unsound tax deduction policy, may hinder the development of family foundations in China, Cheng said.

On Nov 22, Lu Dezhi, founder and director-general of the Huamin Charity Foundation, complained at a forum focused on the development of private foundations in Guangzhou that he did not enjoy any tax exemptions for setting up his foundation, and was even hit with 20 million yuan ($3.21 million) in late fees.

Lu said the tax law requires people to pay income tax for their donations, and because the tax rate varies in different cities, he failed to pay enough tax because he was not aware of the difference. Lu said he spent most of his time doing business in Shenzhen while setting up a foundation in Beijing.

Contact the writer at hedan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美在线成人免费国产 | 免费男女乱淫真视频播放 | 亚洲国产一区二区三区四区五区 | 精品一区二区三区在线视频 | 午夜在线伦理福利视频 | 日本69xxxxxxxxx69| 绝对真实偷拍盗摄高清在线视频 | 久久欧美久久欧美精品 | 一区二区三区在线 | 欧 | 波多野结衣在线不卡 | 福利视频99 | 久久福利青草免费精品 | 看成年女人免费午夜视频 | a毛片免费看 | 日韩性片| 萌白酱白丝护士服喷水铁牛tv | 成人黄色一级视频 | 日韩国产免费 | 久久黄色免费网站 | 欧美在线一区二区三区不卡 | 成人a毛片在线看免费全部播放 | 91精品国产高清91久久久久久 | 国产露脸3p普通话 | 国产在线观看精品 | 成人爱做日本视频免费 | 99在线热视频只有精品免费 | 久久国产成人福利播放 | 三级c欧美做人爱视频 | 99在线观看精品免费99 | 久久久小视频 | 精品国产一区二区三区久 | 91欧洲在线视精品在亚洲 | 一级a俄罗斯毛片免费 | 国产精品爽爽va在线观看无码 | 成人国产第一区在线观看 | a毛片基地免费全部香蕉 | 草草影院地址 | 大片刺激免费播放视频 | 久久精品亚洲精品一区 | 最新亚洲精品国自产在线观看 | 国产一级一级一级成人毛片 |