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Xu Guanju of Transfar Becomes China's Most Generous

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‘Logistics Tycoon’ Xu Guanju of Transfar becomes China’s Most Generous, donating US$430m last year Tencent co-founder Chen Yidan second (again!) with US$320m donation Education is preferred cause, especially alma maters Internet sensation Papi Jiang, 30, youngest on list ‘Real Estate Queen’ Wu Yajun most generous female philanthropist with US$14m donation Leading Authority on China’s wealthy publishes ranking of China’s 100 Most Generous Philanthropists for 14th Year and Hurun Global Chinese Philanthropy List for 4th Year China’s Most Generous Philanthropist Xu Guanju & family donated US$430m to Transfar Charity Foundation last October. The foundation focuses on relieving poverty, health, education and technology, green and ecology, agriculture and rural development, staff development and protection. Tencent co-founder Chen Yidan donated US$320m rank 2nd, setting up the Yidan Award, one of the world's largest education awards in Hong Kong. Real estate tycoon Xu Jiayin of Evergrande donated US$180m ranked 3th, mainly to an area within Guizhou Province, and US$1.5m to Harvard University for research. Total Donations down 45% yoy from last year. Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report said: “Last year Pony Ma's donation drove up the overall level.” Excluding Ma's donation, average donation this year is only 1% lower than last year. Cut-off to Top 100 US$2.1m, up 20% yoy. There are 31 philanthropists who have donated over CNY 100 million, 4 more than last year, the largest number of ‘supersize’ philanthropists in the history of this list. Education was the main cause. Donations to foundation and other social welfare accounted for 20%; poverty reduction up 6% to 3rd place with 17%; culture was the same as last year, with 6% in 4th place. Rupert Hoogewerf said, “Education and disaster relief make up half the donations on average. This past year we had no major disasters, so education dominated.” Within Education, the Alma Mater was the preferred cause, led by the University of Electronic Science and Technology of China, Beihang University and Wuhan University, the other donation of more than 100 million is Tsinghua University, Sichuan University, Nankai University, Northwestern Polytechnical University and Zhengzhou University are the most amount. 73 new philanthropists on the list, 4 more than last year and led by this year’s Number One Xu Guanju & family, and Chen Tianqiao & Luo Qianqian of Shanda, who donated US$115m. Guangdong and Fujian philanthropists led with 17 people still rank first. Jiangsu ranks the third, with 8 philanthropists, followed by Zhejiang with 7. Guangdong as the company’s headquarters region which set up by the most 1 / 16 philanthropists, with 25. Beijing followed with 16. Hong Kong and Shanghai rank third, with 10. By cities, Beijing on the top, Shenzhen 2nd, Shanghai 3rd. Real estate, investment and IT are still top 3 industries that most philanthropists are doing, making up 60% of the list. Property is up 5 places from last year, with 40 persons. The financial and investment fell 6 persons to 27. IT industry is up 2 persons, with 15. 6 out of 10 (59 persons) on the list are also topped on the Hurun Rich List 2016, which is up 3 persons from last year. Rupert Hoogewerf said, “The wealth and charity of these people are relatively transparent.” The average donation of philanthropists is only 0.5% of their average wealth, only one- third of last year. Rupert Hoogewerf said, “Chinese most generous philanthropists donate about 1% of the total personal wealth, while ordinary high-net worth donors should be 1% of the investable assets." 53 came from listed companies, up from 9 persons. 16 are female philanthropists, 2 more than last year, less than ratio in the Hurun Rich List (24%). 30% have high political appointments (either NPC or CPPCC at the national level), p by half from last year, while still higher than 9.4% of the Hurun Rich List. (8 June 2017, Shanghai) The Hurun Research Institute today released Hurun Philanthropy List 2017, a ranking of the 100 most generous individuals from Mainland China. Donations were measured by the value of their cash or cash equivalent from 1 April 2016 to 31 March 2017. 2017 is the 14th consecutive year of Hurun Philanthropy List and 4th year of Hurun Global Chinese Philanthropy List. Domestic entrepreneurs are increasingly making overseas donations and 6 entrepreneurs have donated tens of millions overseas. Chen Yidan donated US$320m ranks 2nd, to set up the world's largest education award “Yidan Award” in Hong Kong. Huang Rulun donated US$29m to help the Philippines build a drug rehabilitation facility, in the name of Century Golden Resources. Xu Jiayin donated US$1.5m to Harvard University for health, science and green technology research. Rupert Said, “Generally speaking, entrepreneurs in China are still busy making their money. The Number 100 on the Hurun Rich List has shot up seven times, but the Number 100 of the Hurun Philanthropy List has stayed the same, at US$2m.” This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report. Top 10 philanthropists Name Donation $m Cause Company Age 1 * Xu Guanju & family 430 Social welfare Chuanhua 56 2 - Chen Yidan 320 Education Tencent 46 Poverty alleviation, 3↑ Xu Jiayin 180 Social welfare, Evergrande 59 Education, Culture 2 / 16 Poverty 4↑ Lu Zhiqiang 165 alleviation, FanHai 65 Education Chen Tianqiao & 5 * 115 Medical aid Shanda 44 Luo Qianqian Poverty Wang Jianlin & 6↓ 92 alleviation, Wanda 63 family Social welfare Education, Poverty Century 7↓ Huang Rulun 65 alleviation, Golden 66 Public Resources infrastructure Public 8 * Hu Baosen 65 infrastructure, Henan Jianye 67 Education Poverty Yang Guoqiang & alleviation, Country 9 * 64 62, 36 Yang Huiyan Social welfare, Garden Education 10 * Xiong Xinxiang 56 Education 49 Source: Hurun Research ↑ Rank increase yoy ↓ Rank decrease yoy - No Rank change yoy * New Half to top 10 philanthropists donated for education and poverty. 70% are from real estate and financial industry, 2 individuals are from IT. Cut-off of top 10 up 50% than last year. Breakdown by place of birth No. of people Most generous Donation ratio on the Birthplace (change） philanthropist whole list 1 Fujian 17（+9） Huang Rulun* 13.5% 1 Guangdong 17（+5） Chen Yidan 22.9% Liu Qiangdong & 3 Jiangsu 8（+3） 2.2% Zhang Zetian 4 Zhejiang 7（-5） Xu Guanju & family 24.9% 5 Shanghai 4（+2） Yang Hongyu 0.6% 6 Hubei 3（-2） Lei Jun 1.3% 6 Shandong 3（+1） Lu Zhiqiang* 8.4% Wang Jianlin & 6 Sichuan 3（+1） 4.4% family * 6 Henan 3（+1） Xu Jiayin* 10.6% 6 Shanxi 3（+3） Shi Guilu 0.5% 11 Hunan 2（-2） Fu Jun* 0.6% 12 Hebei 1（-2） Liu Ruyin 0.4% 3 / 16 12 Beijing 1（-1） Cui Ruzhuo* 0.2% Dai Yongge & 12 Heilongjiang 1（-1） 0.1% family 12 Ningxia 1（+1） Dang Yanbao 1.9% 12 Anhui 1（+1） Jin Xiandong 0.2% 12 Hong Kong 1（+1） Peng Linji 0.1% 12 Chongqing 1（+1） Liu Qiang 2.5% Source: Hurun Research *also most generous philanthropist in the last year Breakdown by Headquarters No. of people Donation Headquarter Most generous philanthropist ratio on the (change） whole list 1 Guangdong 25（+4） Chen Yidan 30.3% 2 Beijing 16（-9） Lu Zhiqiang 18.6% 3 Hong Kong 10（+6） Chen Jingwei 3.2% 3 Shanghai 10（-2） Chen Tianqiao & Luo Qianqian 9.5% 5 Fujian 8（+3） Han Guolong & family 3.6% 5 Zhejiang 8（+0） Xu Guanju & family 19.9% 7 Jiangsu 7（+4） Zhu Yongning 1.5% 8 Chongqing 4（+4） Xiong Xinxiang 4.3% 9 Sichuan 3（+2） You Zhisheng, Yang Hongyu 0.7% 10 Shandong 2（+2） Jiang Bin 1.4% 10 Henan 2（+2） Hu Baosen 3.1% 10 Shanxi 2（+2） Shi Guilu 0.4% 10 Guizhou 2（+2） Xiao Chunhong 1.0% 14 Ningxia 1（+1） Dang Yanbao 1.9% 14 Heilongjiang 1（+1） Dai Yongge & family 0.1% 14 Hubei 1（-4） Wu Shaoxun* 0.5% Source: Hurun Research *also most generous philanthropist in the last year Donation Cause Cause 2017 2016 2015 2014 2013 2012 2011 2010 2009 2004 Education 44% 46% 44% 27% 34% 36% 24% 26% 18% 39% Social 20% 20% 26% 20% 26% 32% 29% 20% 15% 7% welfare Poverty 17% 11% 9% 11% 15% 20% 9% 10% 10% 15% alleviation Disaster 3% 3% 5% 19% 1% 3% 26% 28% 43% 27% relief Other 16% 19% 17% 23% 24% 9% 12% 16% 14% 12% Source: Hurun Research 4 / 16 * Social welfare includes charitable foundation & etc. Stats from the Hurun Philanthropy List Total Average No. of Top 50 Top Donation Donation Average age indiv Cut-Off Philanthropist s US$m US$m US$m Xu Guanju & 2017 100 2,349 22.8 5.7 55 family 2016 100 4,619 46 5.1 Ma Huateng 55 2015 100 3,310 33 4.6 Jack Ma 55 2014 100 3,238 32 5 Jack Ma 55 2013 100 898 8.9 4.8 Huang Rulun 53 2012 100 1,600 16 6.3 Cao Dewang 51 & family 2011 100 1,920 19 4.8 Cao Dewang 52 & family 2010 100 1,300 26 1.7 Yu Pengnian 53 2009 50 620 12 2.3 Huang Rulun 52 2005- …. …. …. …. …. 2008 2004 50 160 3 0.5 Huang Rulun 48 Source: Hurun Research Largest donations by Global Chinese alive today There are now 58 Chinese who have donated more than CNY 500 million in their lifetime, up 7.
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