After 40 years of rapid economic growth in the “Reform and Opening Up” era, China now has the second-highest tally of millionaires in the world. These newly wealthy individuals seek to carry on their legacy and to promote social values through family philanthropy. Meanwhile, the philanthropic sector as a whole is burgeoning. China passed its first Charity Law in 2016, expanding the field of charity from a focus on disaster relief, poverty alleviation, and education to encompass many other areas related to social welfare and sustainable development. The Center for Family Legacy at China Global Philanthropy Institute (CGPI) carried out an exploratory assessment of China’s family foundations, evaluating and ranking foundations based on size of financial contributions, degree of social impact, and governance, and identifying challenges and opportunities for further increasing philanthropic engagement and efficacy.
On the evening of January 8, the Third Shenzhen Social Organization Annual Festival was held in Shenzhen based on its theme of "Let hearts together, take on a promise". The leaders of Shenzhen city and more than 1,200 principal heads of kinds of social organizations, entrepreneurs and representatives from various circles have all attended the festival which Chairman of China Global Philanthropy Institute Ma Weihua addressed.
On the afternoon of January 7, Professor Fu Jun, Academic Dean of the Institute of South-South Cooperation and Development at Peking University, led a delegation of teachers and students to visit Shenzhen International Innovation Centre of China Global Philanthropy Institute, of which 64 students were government officials from 25 developing countries.
Japan SetoNaikai recently ranked seventh in the "52 Most Worthy Tourist Destinations in 2019" of the New York Times. SetoNaikai, has been built by the Philanthropy master of the China Global Philanthropy Institute, honorary consultant, former chairman and CEO of Benesse Holdings, a legal person of Philanthropy Consortium, chairman of Fukutake Consortium, and representative of Naoshima for Benesse Art Fair, Mr. Fukutake Soichiro, for 30 years. The New York Times describes SetoNaikai and its coastal areas as "the amalgamation of art and nature in the Japanese inland sea". It introduces the Setouchi Triennale, which will be held this year on several islands in Okayama prefecture and Kagawa prefecture, the main hall of Hiroshima Nuclear Explosion Information Museum, which will be reopened in April, and Setouchi Cruise Line Company (Hiroshima-ken, Onomichi City), which will launch the "guntû" luxury passenger ship in October 2017.
Currently, the world is faced with many complicated and inter-disciplinary opportunities and challenges in political, economic, social and cultural fields, such as climate change and sustainable development, philanthropic finance and social innovation, women and youth leadership, family and cultural heritage. Experts and specialists in Eastern and Western world should work together to launch a series of consultation and work out innovation-oriented solutions.