A group of wealthy Chinese entrepreneurs have started an experiment in private nature conservation, shaking up China’s traditional, government-led approach to protecting landscapes and wildlife.
Late last year, 16 of the best known figures from China’s business world applied to the provincial government of Sichuan, western China, for permission to establish the “Sichuan Nature Protection Fund”. Their names will be familiar to anyone with a passing knowledge of Chinese industry: Jack Ma, chairman of the Alibaba Group, Ou Yaping, founder of Sinolink Worldwide Holdings, Huang Nubo, chairman of Beijing Zhongkun Investment Group, and Hu Zuliu, of Chunhua Capital are all involved. So too are Guo Guangchan, co-founder of Shanghai Fosun High Technology, Niu Gensheng, founder of the Lao Niu Foundation, and Zheng Yonggang, chairman of Shanshan Investment Holdings.
A list like this makes it one of China’s richest philanthropic groupings. To become an executive director of the board, you need to make “an initial donation of at least 3 million yuan [US$457,000]”. After the project is formally launched, “a voluntary donation of at least 5 million yuan [US$762,000]” will be required. Read the rest of this entry »