The most generous entrepreneurs in China: Survey

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Last updated at: (Beijing Time) Friday, January 09, 2004

The most generous entrepreneurs in China: Survey

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A survey by Scientific Investment, a trade journal, has revealed some of the leading philanthropic business people in China. The tally includes data only for the 2001-02 period, and often mentions lump sums that go back several years.

1. Wang Jianlin, chairman and president of Dalianbased Wanda Group Total donations: 10 million yuan (US$1.2 million) The real-estate developer is estimated to generate sales revenues of 7 billion yuan each year. Wanda's donations go primarily to education. It has built a dozen Hope schools and invested 800 million yuan in Dalian University. The company also helped foot the 20-million-yuan bill for a local sports stadium.

2. Xue Yongxin, chairman of Enwei Group Total donations: 10 million yuan Enwei started as a small village operation 14 years ago, and grew into a pharmaceutical giant. Donations from 1989 have totalled 170 million yuan, including 32 million worth of drugs for flood fighters in 1998.

3. Li Haicang, chairman of Shanxi-based Haixin Steel Group Total donations: 8 million yuan Li, who was killed in early 2003 in his office, created a steel manufacturing base that is the second largest of Dr Sun Yatsen, whose mantra was: "Some things can wait; but the education of children cannot." It was established in 1982 in commemoration of the first anniversary of her death, when the late Chinese leader Deng Xiaoping offered to be the honorary chairman. ��It was the only post of an NGO (non-governmental organization) that he held till his death,�� says Yu Guilin. Blessed with two great Chinese names of the 20th century, the foundation has come out with all kinds of programmes to take care of the nation��s ��budding flowers.�� Children��s literature is rewarded; children��s science projects are funded; international exchange programmes are designed; mobile libraries in hinterland provinces set out on road. But at the core of in the province and ranked among the top 20 in the country. His charities went mostly to poverty relief, which totalled 46 million yuan since 1990.

4. Nan Cunhui, chairman of Chint Group Total donations: 6 million yuan The Zhejiang-based electric appliance maker gives money to poverty relief both nearby and far away. Nan gave 20 million to a charity fund that he chairs and works with other private entrepreneurs in helping send poor kids in the hinterlands to school.

5. Li Jinyuan, chairman of Tiens Group Total donations: 5 million yuan The maker of nutritional and pharmaceutical products earmarks a certain amount for charitable causes every year.

6. Liu Zhiqiang, chairman of Heung Kong Group Total donations: 5 million yuan Known for its network of logistics, Heung Kong has also set up funds that help poor children in less developed provinces. Between 1992 and 1998, the amount added up to about 80 million yuan.

7. Rong Hai, president of Xi'an-based SeaStar Group Total donations: 4 million yuan Rong Hai is known for his frugality, yet he does not hesitate when it comes to helping with the education of poor kids. He set up a 400,000-yuan (US$48,000) scholarship fund for Xi'an Jiaotong University, his alma mater, and put in another half a million for a provincial committee that provides financial aid to poor school children.

8. Shi Lianfa and Lu Li, founders of Zhongdong Group Total donations: 3 million yuan The trader of agricultural products has an annual sales revenue of 2.49 billion yuan and is ranked 27th in the nation's list of private enterprises.

9. Lin Shengxiong, chairman and general manager of Zhejiang Shengxiong Group Total donations: 3 million yuan A contractor of infrastructure projects that grew exponentially, Lin sees to it that his financial assistance flows mostly to charities of education, including 71 Hope schools in the hinterlands. Total donations since 1991 have added up to 50 million yuan.

10. Li Xiaohua, chairman of Hong Kong-based Huada Investment Group Total donations: 500,000 yuan in cash, one auto vehicle and 2 million yuan worth of ��brainstimulating�� nutritional products. kind-hearted.

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