An Age for China Social Impact Investment -- "Public Welfare Spark the Second Phase: Entrepreneurs' Social Innovation Incubation Program"

SHENZHEN, China, June 4, 2014 /PRNewswire/ -- "Social Innovation" and "Impact Investment" are new concepts heatedly discussed in plenty of forums all around China. Both Chinese business circles and the charity community has started to comprehend that there is extensive room for development and huge potential for new social capital growth through a combination of traditional charity donations with traditional commercial interests' pursuits, and of enterprises' core strategies with social development. In the future, China will integrate public welfare with capitals in social services such as charitable trust, community foundations as well as funds for education, pension, healthcare, women and children protection, etc. It will be a new capital-charitable model boosting thousand billion Yuan to promote programs for public good, as well as social construction and development.

Hosted by Shenzhen Innovation Corporate Social Responsibility Development Center, "Public Welfare Spark the Second Phase: Entrepreneurs' Social Innovation Incubation Program" was launched on May 24, 2014 at Shenzhen Research Institution of Peking University. It was funded collaboratively by Taoyuanju Community Development Foundation, Heungkong Charitable Foundation and Vanke Public Welfare Foundation, and became the first program to specially promote integrated development of Chinese enterprises and society. Fifty trainees took part in this course. They are senior executives from Sina, Sohu, Samsung, Aviation Industry Corporation of China, China Resources Trust, Bank of China, China Merchants Bank, Bosera Funds, TCL Funds, Huaqiang Funds, and media executives from Crystal, NF Daily and Southern Metropolis Daily. Dai Beifang, Deputy Secretary of the Shenzhen Municipal CPC, Director of Shenzhen Committee of Social Work, attended the opening ceremony and made an important speech. He said "Shenzhen is one of the nine social management innovation pilot cities. As an experimental spot for reform and opening up, Shenzhen is obligated to take initiative in social innovation." At the same time, he called on concerted efforts to implement the ten social innovative reforms like "Qianhai Pilot Charitable Trust", "Establishment of Community Foundations", and "continuously hosting the third China Charity Fair", etc. Not a single program for certain social organizations, public welfare Spark is in itself the crystallization of social strength and the fruit of social innovation. Exploration like this calls for more support, and the successful experience drawn from it should also be publicized.

Li Aijun, the sponsor representative, is the founder of Taoyuanju Community Development Foundation. She said that China should guide entrepreneurs who are economic elites to develop themselves as social elites. Government should create a sound environment for this transformation. In the meantime, entrepreneurs should also target social value as they transform into social elites. With the cooperation of political, social and economic elites, China will step into the expressway of the rise of a great power.

Yu Zhicheng, Deputy Director of Shenzhen Bureau of Civil Affairs, Liang Yudong, Director of the host, Shenzhen Innovation Corporate Social Responsibility Development Center, Shi Shouxu, President of Shenzhen Research Institution of Peking University, Jie Dong, Chief Supervisor of CHINA VANKE and Hua Wenbin, Vice President of Heungkong Group also extended their speeches.

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SOURCE Shenzhen Innovation Corporate Social Responsibility Development Center