Chen fashu is China’s Bill Gates
Cash flow reached 100 million yuan
In yesterday’s press conference, talking about the original intention to donate, the Xinhua Du Charitable Foundation President Chen made the tree said, “In the past 20 years, pioneering the process, I benefited from China’s economic development opportunities as well as benefit from a good social environment for and the community support, access to social recognition and accumulated some wealth. in the future I will create wealth, while the maximum extent possible repay the state and society. “He said his 8.3 billion market value of donated personal stake in , in his personal total assets accounted for 45%, “8.3 billion value is based on these shares over the past 20-day average price calculated from.”
Overall responsibility for the charitable fund management and daily operations of the Charitable Fund’s Executive director of Xinhua Du Tang Jun said that at present, Xinhua Du Charitable Foundation has 1 million yuan in cash, the future will use the dividend-owned shares of listed companies to maintain their daily expenses, “in the future if the have a major project needs financial support, we will also consider the holdings of the stock. But the present circumstances, the stock dividend sufficient to fund daily expenses. ”
The first implementation of the three major categories
”Xinhua all charitable funds first from focus on education, attention to China’s future began,” Tang Jun Charitable Foundation announced yesterday, the first three major categories: “Spark Program”, “Sunshine Action” and “Blue Sky Project.” Among them, “Spark Program” will be in China’s impoverished areas (including hit) the establishment of 100 primary schools and would like to Xinhua Xinhua all hope that 100 secondary schools; “Sunshine Action” will be available nationwide to provide for 100,000 poor students, Xinhua Du scholarships, to help them complete their university studies; “Blue Sky Project” will provide 200,000 college students in China to provide employment professional training and counseling to help them improve their future employment and career development of competitiveness.
As the “Spark Program”, and in yesterday’s conference, Xinhua all charitable funds were Anxi County, Fujian, Yunnan, Luxi County, Jiangxi Ningdu County in 10 counties signed a Hope Primary School and hope to establish cooperation agreements secondary schools, involving fund more than 10 million yuan; and Peking University, Communication University of China, Fuzhou University, Xiamen University, 20 colleges and universities have signed a scholarship set up a cooperation agreement Xinhua, and the site, the first scholarships were awarded to 100 students were awarded scholarships in Beijing .
The operation of a regular basis
Yesterday, Gates Foundation chief representative of China Ye Lei also came to the scene, he said, many people seem to think to do is to give money to charity, “In fact, the money out of chaos is a very easy to do, but how to give money to in place, how to make efficiency is the need for the professional operation of the means. ”
Ye Lei for the statement, said Tang Jun, Xinhua Du Charitable Fund in the early days of the Gates Foundation will be based on the mode of operation, completely independent of both the Group of Xinhua, the take of listed companies mode of operation, commissioned by Industrial and Commercial Bank of China to fund trustees, account management and investment consultant, he and Chen Shu-I made at the Fund’s work is “zero reward.” Yesterday afternoon, the Xinhua official website are the formal opening of charitable funds in the future, the Fund’s contributions to the project will be requested every six months, the international professional auditing firm, and regularly through the web site will be the financial statements, the Fund’s operating conditions and planned open the entire society.
CHEN Fa-Tree:
I have been in operation for more than two years this matter
”In fact, the operation of the charitable funds, I have been more than two years time, in May last year, Xinhua all groups will be set up once publicly stated, China’s largest charitable funds.” For the outside world on the “establishment of a charitable fund in September this year, Xinhua all be exposed against the ‘tax evasion, the door’ of the crisis public relations planning, fiscal Baoshen homes,” queried poor conversation, Chen made a tree, said yesterday that the approval of charitable funds is a complex and lengthy process until September 30 this year, he was getting the formal approval of the civil affairs department.
Yesterday, CHEN Fa-tree is also specially invited their families to the scene, “I do not want to leave property to children, which to them is a burden; I do not want to own a very old, they Zaijuan, I now less than 50 years old, I was donated property in the process of doing business can also enjoy the fun at the same time, I think this feeling is very good. ”
Tang Jun:
As long as the charity is a good person
Tang Jun said that the establishment of charitable funds occurred in the “tax evasion, the door”, the time does have some coincidence, but the establishment of charitable funds with “tax evasion, the door” does not in any way. According to relevant laws in China, the establishment of charitable funds, it takes 3 months of review, Xinhua all charitable funds set up by the time the application is in 5 months ago, “From this point in time basis, then ‘tax evasion, the door’ had yet to emerge.”
For “the establishment of charitable fund is more convenient in order to avoid taxes in the future,” one said Tang Jun said that Chen made the tree stock established charitable funds donated there is no tax avoidance. “If you now own 45% of the property to donate, let me at least I still can not do, of course, does not it say in the future. I think the charities in alphabetical order, regardless of size, as long as charity, are good . ” Tang Jun said that Xinhua is the establishment of charitable funds also reflects the evolution of Chinese entrepreneurs, “overseas Regal mostly to the second generation, third generation began to donate, but Chinese entrepreneurs are still in the phase of wealth creation has already begun charitable donations, which is a global scale, the impact is positive. “Tang Jun said that he did not rule out the next part of their assets donated to the fund.
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