In a world of fast-expanding human desire and greed, giving away one's wealth is a rare virtue.
And in China, many billionaires are now making huge donations for education, social welfare and healthcare. According to the 2007 Hurun Report's Chinese Philanthropists List, compiled by Briton Rupert Hoogewerf, 30 of the China's 100 richest were among the 100 most generous in 2006, up from 20 the previous year.
"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," Hoogewerf reported.
Of the total 10 billion yuan ($1.23 billion) donated last year, the amount given by the 100 was 3.9 billion yuan compared with 3.75 billion yuan the previous year.
[Excerpt of an article by Zou Hanru, China Daily]