REAL ES­TATE TY­COON’S HUGE DO­NA­TION Yang Guo­qiang,

Beijing Review - - THIS WEEK -

A foun­da­tion es­tab­lished by founder and Chair­man of the real es­tate gi­ant Coun­try Garde, do­nated 2.2 bil­lion yuan ($317 mil­lion) to Ts­inghua Uni­ver­sity on Oc­to­ber 22, the largest do­na­tion a Chi­nese uni­ver­sity has ever re­ceived.

The aim of the or­ga­ni­za­tion, co-founded by Yang with his daugh­ter Yang Huiyan in 2013, is to sup­port the de­vel­op­ment of ed­u­ca­tion, science, cul­ture, health­care and sports in China.

Yang said at the do­na­tion cer­e­mony at Ts­inghua Uni­ver­sity that as a farmer-turne­den­trepreneur, he felt hon­ored to sup­port ed­u­ca­tional de­vel­op­ment thus re­ward­ing both so­ci­ety and the coun­try at large.

Born to a ru­ral fam­ily in Shunde City of south China’s Guang­dong Prov­ince in 1954, Yang was a con­struc­tion con­trac­tor be­fore de­vel­op­ing the first Coun­try Gar­den project in 1992. Coun­try Gar­den went pub­lic on the Hong Kong Stock Ex­change in 2007, rais­ing $1.6 bil­lion. In 2008, Yang pur­chased 75 per­cent of the shares of TVB, a com­mer­cial tele­vi­sion sta­tion in Hong Kong.

Yang has won a num­ber of awards for his con­tri­bu­tion to erad­i­cat­ing poverty in China pre­vi­ously.

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