News in brief
South East Asia
1 June 2007
Alliance magazine
Richest Chinese give more in 2007
According to the 2007 Hurun Report’s Chinese Philanthropists List, out of the total 10 billion yuan ($1.23 billion) donated last year, the amount given by the 100 richest Chinese was 3.9 billion yuan compared with 3.75 billion yuan the previous year. The list’s compiler, Rupert Hoogewerf, said, ‘Almost all the top 100 rich Chinese are considering the concept of charity. With a good policy environment, more and more wealthy people are setting up their own charitable funds.’
Source
China Daily, 20 April 2007
