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Home >> Life
UPDATED: 13:13, April 12, 2006
Charitable acts on the rise among China's rich
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Charity is a common undertaking of China's rich, according to the newly released 2006 China Philanthropists List of the Hurun Report.

The philanthropy report, which names the top 100 Chinese donors, shows the age bracket of benefactors this year has enlarged since last year, when the youngest was 32 and the oldest 83, Wednesday's China Daily reported.

This year, Shenzhen entrepreneur Yu Pengnian, 84, became the oldest and the most generous man in China by donating 2 billion yuan (about 250 million U.S. dollars) since 2003, mainly to the health and higher education sectors.

The youngest went to Ruan Tiejun, 31, who ranked 68th by donating 10.2 million yuan (about 1.3 million dollars).

The average age stands at 48, unchanged since last year, the report said.

The report shows most of the donations go to education, health and other public welfare sectors, while natural disasters are also making the rich open their wallets.

Briton Rupert Hoogewerf, who compiled the list, was quoted by the newspaper as saying that news of the donations will serve to draw more attention from society to the needy, and even influence the government's decision-making.

The majority of the contributors are from eastern and southern China, where the non-State owned economy is most active, the report shows. And about 50 donors are engaged in the real estate sector, a prosperous industry in China in recent years.

The Hurun Report also released a China Corporate Givers List this year, containing 50 domestic and multinational enterprises and private foundations, which contributed a total of 4.1 billion yuan (512 million dollars) since 2003.

Private foundations of overseas Chinese held the top five places. Four came from Hong Kong, led by the Li Ka-Shing Foundation, which donated 670 million yuan (80 million dollars) since 2003, the paper said.

Source: Xinhua

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