34 tycoons pledge US$26.2 billion - Printable Version

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34 tycoons pledge US$26.2 billion - cityhantam - 10-11-2023

Country Garden founder and daughter top list of Chinese philanthropists, as 34 tycoons pledge US$26.2 billion 

 https://www.scmp.com/business/china-business/article/3240754/country-garden-founder-chairman-top-list-chinese-philanthropists-34-tycoons-pledge-give-away-us262

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RE: 34 tycoons pledge US$26.2 billion - Napoleon Porlumpar - 10-11-2023

all these people are just frontmen for the Commies lah.............

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RE: 34 tycoons pledge US$26.2 billion - cityhantam - 10-11-2023

(10-11-2023, 09:56 AM)Napoleon Porlumpar Wrote:  all these people are just frontmen for the Commies lah.............

Deng Xiaoping's idea : Let some people get rich first. They can then help others.

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RE: 34 tycoons pledge US$26.2 billion - TopSage - 10-11-2023

Give to charity own by themselves, it's a modern way to avoid hefty tax.

They put one billion in charity, the charity use 10 millions to help the poor, then keep 990m to earn interest

If they dun put this one billion in charity, they will end up losing few hundred millions in taxes.

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RE: 34 tycoons pledge US$26.2 billion - TopSage - 10-11-2023

So many self proclaimed investment experts here also got fooled by these billionaires tricks.

Just show how poor the people here are, dun even understand the big boys games

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RE: 34 tycoons pledge US$26.2 billion - Blasterlord2 - 10-11-2023

Why didn't they use this money to repay the company's debts?

https://asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-Country-Garden-says-cannot-meet-external-debt-obligations

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