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          BIZCHINA / Biz Who

          Most generous person in China
          By Qing Jie (China Daily)
          Updated: 2006-07-17 11:10

          China Philanthropy Times opts to use the figure as 18 million yuan (US$2.25 million), Rupert Hoogewerf will use 108 million yuan (US$13.5 million) on his board, and Forbes only recognises 10 million yuan (US$1.25 million).

          Furthermore, of the China Philanthropy Times ranking includes all social donators, no matter if they are business people, officials or artists. The Hurun list covers individual entrepreneurs and their companies' corporate charity expenditures will be factored in with the individual donations. Forbes concentrates on only private entrepreneurs.

          Transparency

          So far, absence of a comprehensive and transparent information collection and disclosure system is the key reason why there is no an authoritative and persuasive charity ranking in the  mainland, according to Zheng Yuanchang, director with the social relief office of Ministry of Social Affairs.

          "Establishment of such a system will not only encourage more people to involve in social charity but also enhance the reputation of China's philanthropy organizations," says Zheng. Zheng acknowledges that the three charity lists, to some extent, create a favourable social environment for the development of China's philanthropy sector. "But the various results may lead to confusion, which is likely to arouse social doubt on China's charity segment," says Zheng.

          Sources from the Ministry of Civil Affairs reveal that the ministry plans to co-operate with several other governmental departments to set up a national social donation information centre, aiming at guarantee transparency of benevolence and charity allocation.


          Page: 123

          (For more biz stories, please visit Industry Updates)

           
           

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