Guangxi Private entrepreneur set up the first Development Foundation for staffs in China ?
translated from the source : www.chinanews.com.cn?? 2007-09-07 00:44
link: http://www.chinanews.com.cn/cj/cyzh/news/2007/09-07/1020705.shtml
News from Beihai, China News Service, Yangqiang reporing:
The “Penshibao Xianlin Development Foundation” from the donation valued 3.5 million Chinese Yuan of Mr. Wang xinglin, the chairman of Guangxi Beihai Penshibao Co.,Ltd, was established today. The capital is non-capital issue, this is the first beginning for the Chinese private enterprise to fully accept the responsibilities for the birth, age, illness and death of staffs and the benefits of survival and development.
The vice presiedent of United Front Work Department of CPC Central Committee, vice president of All China Federation of Industry & Commerce (ACFIC), Mr. Deping Hu wrote in the celebration messages today: it is the embodiment of promoting social harmony for Penshibao Xianlin Development Foundation to care the staffs and their children, aid the student and help the old and the disabled. I believe that the Penshibao Company and the “Penshibao Xianlin Development Foundation” shall always maintain the responsibilities of economy, society and environment, rise to the challenge constantly and grow in the development of history.
As the member of 8th, 9th and 10th sessions of CPPCC, Mr.Wang Xianglin come to honors to be the ten top private entrepreneur and the winner of “ May 1 Labor Medal”. The Penshibao Company which was founded in 1985 by him, has been developed to be one of the production bases for foliar fertilizer in China. It has caused the complete fertilizer revolution and promoted the agricultural Modernization Progress in China.
As the successful private entrepreneur, Mr. Wang Xianglin cares and supports the public utility around main China for the long term. According to the incomplete statistical, since the end of 80,twenty century, Mr. Wang Xianglin and its Company have donated the money and goods valued over 2 million Chinese Yuan for society.
The “ Penshibao Xianlin Development Foundation” includes: fund for student aid, obedient fund, fund for further education, fund for devotion to work, security fund for retirement, fund for emergency aid, moral courage fund, fund for helping the poor peasants, fund for contribution to the eco-friendly agriculture. The foundation not only rewards and provides financial aid to the staffs and their children of Penshibao Company, but also the customers and the poor peasants. Otherwise, the foundation also rewards the experts with the great contribution in the research and extension of green and eco-friendly agriculture, scholars and peasants.
The authorities concerned indicated, with the establishment of this non-capital issue organization, which aims to protect the benefits of survival and development for staffs, bends itself to the public welfare and charity, the foundation is the great beginning for Chinese private entrepreneur to participate and build the social harmony with Chinese characteristics, which express the core values that independent innovation, people oriented and harmony win-win of enterprise, society and staffs.
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