A media platform for China's business and finance elite. A combination of London-based Euromoney Institutional Investor's commitment to the global capital markets together with the team that founded and compiles the well-known China Rich List. This is what Euromoney China represents. We recognize that as China's businesses grow, they cannot avoid the capital markets.
CFO Survey
Our cover story is China's first-ever CFO Survey, benchmarking the preferences of the CFOs of the 1000 largest companies in China by sales. As China's markets mature, so the role of the CFO has matured, especially in relation to the CEO. Rather than making all the decisions themselves, the China CEO is now devolving more of the decision-making to the CFO. The results of the survey benchmark the services of banks, consultants, accountants, tax advisers, insurance companies, law firms, accounting software, express delivery companies and business cars. The impact of these businesses on the streamlining of the role of China's CFOs and CEOs is becoming more apparent. In certain categories, the international players have already established themselves and will continue to exert pressure on their domestic competition – especially as they become freer to operate at the end of next year under the WTO agreement. Anticipate many changes to the results next year.
Our list this issue is China's inaugural Philanthropy List, a ranking of China's 50 most generous philanthropists. Top of the pile is Huang Rulun, who gave us a rare interview on page [10]. Our subtitle for the list is “In Search of China's Carnegie”, the implication being that, since China's wealth builders are their first generation, we did not expect to find the wealth builder that has given away all their fortune – yet. To help with this, we have compiled a listing of ten philanthropists who over the years have donated more than US$12 million. Despite the non-existence of tax incentives for China's entrepreneurs to donate to philanthropy, our highest-ranked Mainland-born Huang donated US$25 million in cash to education and health care causes last year. In context, his $25 million donation would have placed him at sixth place in the UK, according to the Sunday Times 2004 Biggest Charity Donors, and just below last place in Business Week The 50 Most Generous Philanthropists, an annual ranking of philanthropy in the US.
Shanghai came out as the Preferred City for Business, highlighting again its dominance as the city of choice for business in Mainland China.
Philanthropy in China
Our list this issue is China's inaugural Philanthropy List, a ranking of China's 50 most generous philanthropists. Top of the pile is Huang Rulun, who gave us a rare interview. Our subtitle for the list is “In Search of China's Carnegie”, the implication being that, since China's wealth builders are their first generation, we did not expect to find the wealth builder that has given away all their fortune – yet. To help with this, we have compiled a listing of ten philanthropists who over the years have donated more than US$12 million. Despite the non-existence of tax incentives for China's entrepreneurs to donate to philanthropy, our highest-ranked Mainland-born Huang donated US$25 million in cash to education and health care causes last year. In context, his $25 million donation would have placed him at sixth place in the UK, according to the Sunday Times 2004 Biggest Charity Donors, and just below last place in Business Week The 50 Most Generous Philanthropists, an annual ranking of philanthropy in the US.
I hope that you enjoy this issue.
