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PHILANTHROPY AND SOCIAL INVESTMENTS IN CHINA

PHILANTHROPY AND SOCIAL INVESTMENTS IN CHINA. By Rory Tolentino Chief Executive Asia Pacific Philanthropy Consortium @ 5 th CONGRESSO GIFE SOBRE INVESTIMENTO SOCIAL PRIVADO 4 April 2008. China Current Economic Situation. Over the last 25 years, China’s economic growth averaged 9.37%

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PHILANTHROPY AND SOCIAL INVESTMENTS IN CHINA

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  1. PHILANTHROPY AND SOCIAL INVESTMENTS IN CHINA By Rory Tolentino Chief Executive Asia Pacific Philanthropy Consortium @ 5th CONGRESSO GIFE SOBRE INVESTIMENTO SOCIAL PRIVADO 4 April 2008

  2. China Current Economic Situation • Over the last 25 years, China’s economic growth averaged 9.37% • In economic size, China is surpassed today only by the US, Japan, Germany and France • China’s share in global growth from 1995-2002 has been estimated at 25% compared to 20% for US

  3. China Current Wealth Statistics In 2007, China had 106 US $ billionaires, up from 15 in 2006, and 0 in 2002 The list of 800 people had a combined wealth of $ 457 Billion China now has more $ billionaires than any other country except the US Top two wealthiest individuals are women

  4. China Current Philanthropy Statistics As individual wealth has increased, philanthropy has grown! • In 2008, top 50 philanthropists in China gave $1.5 Billion • Five years ago, top 50 philanthropists gave $131.6 Million • Top causes: health, education, social/basic services

  5. Philanthropy Context in China • Philanthropy, while growing, is rarely directed to strangers • Attributed to Chinese system of guanxi or personal connections, extending to those who share a certain identity • Traditional Chinese charity emphasizes mutual help and personal relationships—Confucian and Buddhist beliefs

  6. Philanthropy History in China • Start of Communist Party’s rule heralded 30 year decline in philanthropy, broken only by Yangtze River flood in 1998, which raised more than 11.5B RMB • In recent years, rise of traditional charitable practices based on clans, kinships and dialects • Diaspora philanthropy on the rise

  7. Corporate Philanthropy in China • On the rise, substantial amount, initially led by multinational companies • Corporations look at strategic projects that support needs in large areas and which are strategic to the companies’ business operations (e.g. Intercontinental Hotels Group) • Also in partnership with government (e.g. Shanghai Water Resource Protection Fund)

  8. China’s Policy Environment for Philanthropy • Many philanthropic activities emanate from government or the Party • “Social Donation System” for cities and communities to receive donations from the public • While NPOs can exist in China, all NPOs are required to be affiliated with a government entity

  9. Conclusion • Because of its economic growth and population, China will continue to grow and become one of the most powerful countries in the world • While philanthropy is growing, for the most part, it still remains traditional • However, new influences are coming in, including foreign investments and diaspora resources, influencing China to become more open to social investments in philanthropy

  10. OBRIGADA!

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