Over the next decade, at least $500 billion will flow through
philanthropic organizations, the result of rising global wealth,
especially in Asia. A landmark new study by the Asian Venture
Philanthropy Network (AVPN), with support from The Rockefeller
Foundation, reveals how
Chinese philanthropy is growing into a powerhouse that could
shape the future of international giving and development,
largely driven by the Chinese private sector and a new
generation of wealth. National strategy plans such as the Belt
and Road Initiative and South-South Cooperation are propelling
more domestic funders and social organizations to engage in
international development issues. And as a new culture of giving
takes shape in China, Chinese philanthropists and leaders of
philanthropic organizations are increasingly keen to engage with
the global community.
This breakfast event hosted by the Asia Society Policy Institute
explored how these vast new resources will impact global
Rajiv Shah is President of The Rockefeller Foundation,
a 100-year old philanthropic organization that has given away
more than USD $18 billion to thousands of organizations and
individuals worldwide. Dr. Shah was previously USAID
Administrator, appointed by President Barack Obama in 2009.
Prior to this, he served as Chief Scientist and Undersecretary
for Research, Education, and Economics at the U.S. Department of
Agriculture. He has also served in leadership roles at the Bill
& Melinda Gates Foundation. In 2015, Dr. Shah founded Latitude
Capital, a private equity firm focused on power and
infrastructure projects in Africa and Asia.
Kevin Teo is Chief Operating Officer at AVPN, a social
investors’ network that supports funders and resource providers
in effectively deploying more capital into Asia’s social sector.
Prior to that, he was a Founding Partner of Volans, a social
innovation company. He was previously Head of East and Southeast
Asia at the Schwab Foundation of Social Entrepreneurship and a
Global Leadership Fellow at the World Economic Forum. He has
worked in the enterprise software arena in Silicon Valley and
across the United States. He is also a trustee of the Southeast
Asian Service Leadership Network (SEALNet), a non-profit he
co-founded in 2004.
Rujing Gong is Co-Founder and Chairwoman of Happy Life
Technology (HLT) and Yidu Cloud Technology. She also co-founded Huixujinxin
Investment Fund, which was the lead investor in major
organizations in the healthcare industry, including Jiufang
Pharma, Heren Health, and Welltang. She previously served as a
Vice President at Deutsche Bank, and a Global Infrastructure
Fund Equity Investment Director.
Josette Sheeran (introductory remarks) is President and
CEO of the Asia Society. She also serves as the UN Special Envoy
to Haiti. Ambassador Sheeran is former Vice Chair of the World
Economic Forum and former Executive Director of the World Food
Programme, appointed by UN Secretary-General Kofi Annan in 2006.
She has also served as a diplomat and negotiator for the United
States, including as U.S. Under Secretary of State for Economic,
Business, and Agricultural Affairs,
and as deputy U.S. Trade Representative.
Susan Yuqing Feng (moderator) serves as Chief New York
Correspondent for China Business News (CBN), a position she’s
held since 2008. During her tenure, she has interviewed senior
business and political leaders from the U.S. and across the
globe. She is currently also U.S. News Chief of Yicai global,
China Business News’ English News arm. She directed the
documentary series “World Movers,”
which was released in March 2018.
With support from The
Rockefeller Foundation, AVPN
has launched the Philanthropy in China report to raise awareness
on how Chinese philanthropy is growing into a powerhouse for
domestic and international development, driven largely by the
private sector and a new generation of wealthy philanthropists.
This report will provide in-depth information on key trends
Philanthropy in China is growing at a rapid and
From 2009 to 2017, Chinese philanthropy has quadrupled,
outpacing GDP growth and emerging as an important contributor to
the 2030 Sustainable Development Goals.
China is forging new pathways in philanthropy
China’s philanthropic organisations are spearheading innovations
in giving and impact and aspiring to ensure the holistic
well-being of the increasingly global communities
Opportunities for collaborations are ripe
There is untapped opportunity for growth and partnership between
China’s change-making philanthropists and international
organizations as wealthy individuals and corporate
philanthropists are being joined by increasing numbers of
International collaboration with China’s
philanthropists can unlock a new era of global philanthropy
Collaboration and partnership between Chinese and international
philanthropists can carve new pathways that are not only
elevating China’s philanthropic ecosystem but, enhancing our
collective ability to solve the UN Sustainable Development
By examining the top philanthropy funders,
reviewing the policy environment and scanning the key ecosystem
players, we provide an analysis of the trends and opportunities
as well as a set of recommendations to advance the development
of China’s philanthropy sector.