Home  |  News  |  Photo  |  Video   |  Travel  |  Learn Chinese  |  Opinions  |  EZFM  |  NEWS Plus  |  CHINA PLUS
Chinese Philanthropist Dies, Leaving No Money to Family
   2015-05-05 21:34:00    CRIENGLISH.com      Web Editor: wangweiwei

Yu Pengnian is in an interview on May 22, 2007. [Photo: CFP]

Noted Chinese philanthropist Yu Pengnian, also known as a successful entrepreneur in Hong Kong, has died at the age of 93, leaving no money to his descendants.

According to Yu's will, after his death, all of his property and assets will be donated to charitable trust funds.

Before his death, he again expressed his will to donate all of his money. He also hoped his grandchildren can continue to realize his expectations to "donate ten billion Hong Kong dollars" after his death.

Yu's grandson says he will carry on his grandfather's wish to fulfill the goal.

Born in a town in Hunan Province, Yu involved himself in public welfare work wholeheartedly.

He founded several charity funds and ranked first place on the Hu Run charity list for five consecutive years.

In 2010, he donated all of his fortunes worth 9.3 billion Hong Kong dollars or about 7.4 billion yuan to charity funds.

With these funds, over 40 thousand patients with cataract diseases have recovered their eyesight through free treatment, and students in more than 20 colleges and universities who needed help have been given financial support.

Many people in Hunan Province and across the country are still benefiting from his good deeds.

In the 1980s when Yu went back to his hometown to find that the health care situation and education conditions there were lacking, he started putting money into social welfare and did so for the rest of his life.

In the 1980s alone, Yu contributed more than 25 million yuan in Hunan, starting over 20 social welfare projects.

So far Yu Pengnian has devoted over a billion yuan in the province to support health care, education, urban construction, disaster relief, among others.



CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

The Sound Stage
China Revealed
My Chinese Life
Photo Gallery
Learn Chinese
"In" Chinese
Chatting in Chinese
Pop Culture
Traditional Culture
Living Chinese
Chinese Studio
Chinese Class
Learn English
Special English
Pop Chart
Everyday English
Fabulous Snaps
CRI News
China.org.cn  | Xinhua  | People's Daily Online   |  CNTV.cn  | China Daily  |  Global Times  | China Job  |  China Tibet Online  | Taiwan.cn  | eBeijing  | Beijing Today  | China-Eurasia Expo  | APEC Yiwu Conference  | Chinese Embassy in S.Africa  | Chinese Embassy in Australia  | Chinese Embassy in NZ