<tt id="6hsgl"><pre id="6hsgl"><pre id="6hsgl"></pre></pre></tt>
          <nav id="6hsgl"><th id="6hsgl"></th></nav>
          国产免费网站看v片元遮挡,一亚洲一区二区中文字幕,波多野结衣一区二区免费视频,天天色综网,久久综合给合久久狠狠狠,男人的天堂av一二三区,午夜福利看片在线观看,亚洲中文字幕在线无码一区二区

          Top Biz News

          Chen spreads a Buffett

          By Zhang Ran (China Daily)
          Updated: 2009-10-21 08:26

          Chen spreads a Buffett

          Chen Fashu, regarded by many as China's Warren Buffett, yesterday announced that he would donate 45 percent of his personal assets, worth 8.3 billion yuan ($1.17 billion), to set up a charity modeled on the lines of the Bill and Melinda Gates Foundation.

          The Newhuadu Philanthropic Foundation, once set up, is expected to be the largest civil charity foundation ever established in the country.

          Chen, 48, a Fujian-born businessman who made his first million by selling groceries in his hometown during the 80s, later became a billionaire by investing in stocks on the A and H share markets.

          He is currently the president of Fuzhou-based Newhuadu Industrial Group, and is ranked No 15 on Hurun's latest rich list with a personal wealth of 25 billion yuan.

          The assets to be transferred to the charity will mainly include stakes that Chen owns in publicly traded companies such as Tsingtao Beer, Yunnan Baiyao Group, and some stock from his own Newhuadu Industrial Group. These will altogether account for 45 percent of his total assets according to current market value, Chen said at a media briefing in Beijing yesterday.

          Chen will be the chairman, while Tang Jun, the president and CEO of Newhuadu Industrial Group, will be the managing director of the foundation.

          "The charity will be modeled on the Bill & Melinda Gates Foundation. An independent team will be in charge of the operation of the foundation," Tang said. It may later seek a management tie-up with the Bill & Melinda Gates Foundation, he said.

          The first batch of funding from the foundation, worth 10 million yuan, was donated to primary schools in poverty-stricken areas and poor university students yesterday.

          Chen's fortune comes mainly from the Fujian-based Zijin Mining, a leading gold miner in China. His wealth expanded from 48 million yuan to 20 billion yuan when the gold mining company went public on the Shanghai bourse in 2008 and later at Hong Kong in 2009.

          Chen was the second largest stakeholder of Zijin Mining before he sold around 50 percent of his holdings between May and July to buy H shares of Tsingtao Brewery Co Ltd. He is now the second largest shareholder of Shanghai-listed Yunnan Baiyao Group and the third largest shareholder of Hong Kong-listed Tsingtao Brewery Co Ltd.

          However, the sale of Zijin Mining shares allegedly thrust Chen into a "tax evasion" scandal. The Beijing-based Securities Daily reported in September that the State Administration of Taxation was investigating Chen and his company for tax fraud in the Zijin Mining share sale. The report said that Chen had sold around 3 billion yuan worth of Zijin Mining shares, for which he would have to pay at least 1 billion yuan in taxes.

          Individual investors who trade shares on the stock market do not pay capital investment income tax in China currently. However, experts, including Sun Gang, a researcher from the Research Institute for Fiscal Science, and Zhang Bing, a researcher from the Chinese Academy of Social Sciences, both said that individual investors who sell shares they bought before the companies went public should pay tax.

          "But currently, there is no specific regulation on such taxation in China," Zhang said.

          Related readings:
          Chen spreads a Buffett Chinese tycoon's charity foundation focuses on education
          Chen spreads a Buffett Huiyuan joins One Foundation as a partner in education efforts
          Chen spreads a Buffett Yao Ming Foundation to help rebuild schools in Sichuan
          Chen spreads a Buffett With Jet Li-One Foundation charity

          Chen's setting up of the Newhuadu Philanthropic Foundation was widely speculated as a measure to save himself from the tax fraud accusation.

          Chen, however, said yesterday that he had been toying with the idea for two years and had spent over a year to set it up. The Ministry of Civil Affairs approved the foundation on Sept 30, Chen said.

          Chen has not been the first billionaire to initiate a philanthropic foundation in China. Cao Dewang, chairman of another Fujian-based company Fuyao Group, said earlier that he planned to donate 70 percent of shares his family owns in the company to set up a 4-billion yuan foundation. However, Cao later gave up on the idea, as regulations do not permit a major shareholder of a company from transferring his shares.

           

          主站蜘蛛池模板: 国产★浪潮AV无码性色| 国产精品一区二区久久毛片| 无套内谢极品少妇视频| 伊人精品成人久久综合97| 国产精品综合av一区二区国产馆| 国产精品久久久一区二区三区| 人妻av无码系列一区二区三区| 97在线观看视频免费| 黑人玩弄人妻中文在线| 国产久热精品无码激情| 亚洲第一区二区国产精品| 国产精品无码久久久久AV| 亚洲熟妇色自偷自拍另类| 广东少妇大战黑人34厘米视频 | 99精品国产一区二区电影| 少妇中文字幕乱码亚洲影视| 人妻精品动漫H无码中字| 91亚洲精品一区二区三区| 激情综合网激情综合网激情 | 日本人成精品视频在线| 欧美人与动zozo| 欧美肥老太牲交大战| 亚洲一区二区三区最新| 最新国产精品亚洲| 日韩精品一区二区大桥未久 | 国产三级精品三级在线区| 无码人妻丝袜在线视频| 国产十八禁在线观看免费| 国产人成精品一区二区三| 成人精品天堂一区二区三区| 蜜桃视频成人专区在线观看 | 福利一区二区不卡国产| 亚洲人成网址| 国产视色精品亚洲一区二区| 人妻少妇精品无码专区二区| 中文字幕av中文字无码亚| 国产精品视频一区二区亚瑟| 国产精品久久香蕉免费播放| 又色又爽又黄的视频网站| 亚洲精品在线第一页| 亚洲一区中文字幕人妻|