Cao Dewang: Good Deeds

At 8 a.m. on July 3, 2010, Beijing After 2 months in Kunlun Hotel, Cao Dewang, chairman of Fuyao Group, finally came out.

Cao Dewang, who faces a statue of Buddha, is not tall and looks very stocky. He can no longer have ordinary white shirt and black trousers, and his pace is light and fast. Few guests in the hotel lobby recognized him.

"Go, eat with me, eat and talk." Cao Dewang told reporters.

There were so many people in the restaurant that Cao Dewang went straight to the very bottom, found a quiet corner, sat down, lit a cigarette, and chatting with reporters.

They all say that Cao Dewang does not like to laugh. This is indeed the case. From beginning to end, Cao Dewang has been expressionless. Words often hit the nail on the head.

Recently, Cao Dewang often flew across the country at home and abroad, and has become a flying trapeze. "Recently, I have been busy with retirement. When I was young, I became an enterprise. When I was old, I did some research work after retirement, and I did my homework for the future strategic direction. charitable No questions? "Cao Dewang said.

"No need to talk?" not long ago, the old man who was laughing and talking in CCTV's "Chui Chui" was talking about charity.

Last February, Cao Dewang said he would donate 70% of his own fortune. Glass Shares were used for charitable donations when the market value was 3 billion 800 million yuan. One stone stirred up thousands of waves, and for a time, all kinds of public opinions came forth. In China, if you elect the richest by book assets, Cao Dewang, who is 63 years old, is certainly not the richest in China. But if he can actually make billions of real money and become a charitable millionaire in real time, Cao Dewang can be regarded as the most generous and most powerful charitable richest person in China.

Many people who know Cao Dewang know that he is suffering from it, and that is the experience of his poor family. He has unique views and experience on the distribution of wealth and wealth. It is Cao Dewang's best portrayal of wealth that he is thirsty for money all his life.

"At the same time do not affect the survival and development of enterprises at the same time, do charity, do my best." Cao Dewang said.

Fuyao Glass Industry Group is China's first and third largest automotive glass manufacturer in the world. Its products not only occupy half of the domestic market, but also are the suppliers of eight international automobile manufacturers. In 1991, Fuyao Glass was allowed to issue shares publicly, becoming the first publicly listed private enterprise in China, and the first listed company in the same industry. Its total assets have exceeded RMB 9 billion yuan.

A sigh

In April 20, 2010, Cao Dewang let his son at CCTV's Yushu disaster relief party, holding high "Cao de Wang, Cao Hui donated 100 million yuan" brand, I did not know how many Chinese moved, but also created a new record of personal donations in the history of charity in China. Then, he kept breaking his record. In late May, he donated 200 million yuan to the drought disaster areas in the five provinces of Southwest China to help the affected people; donated 400 million yuan to Fuzhou to build the library; donated 300 million yuan to the old city of Fuqing for public welfare undertakings; for only two months, his donation amounted to $1 billion, all of which was his personal property.

Cao Dewang made donations in his personal name for several huge donations. With the continuous expansion of the scale of philanthropy, Cao Dewang sprouted the idea of founding his charitable foundation. In China, charitable foundations are divided into two forms: public offering and non public offering. According to their different nature, charitable foundations belong to the latter and have no right to raise donations to society. In 2009, Cao Dewang announced that he would donate 70% of the shares of Fuyao Group under his family's Fuyao Group and set up the "He Ren Charity Foundation". "He Ren" is his father's name. His idea is: "I can donate all my money, but after all, I have a day to donate." If I donate the shares, there will be 200 million to 300 million yuan a year. In that case, I will be an enterprise and be responsible for making money. The foundation will be responsible for spending money.

However, there is no precedent for establishing charitable foundations in the form of donation equity. Cao Dewang's application was sent to Beijing. The Ministry of civil affairs, the State Administration of Taxation, the SFC, the Ministry of Finance and other ministries and committees jointly approved and encountered many difficulties.

Now, Cao Dewang has been unconventional and resolutely refused to talk about charitable donations. Apparently, Cao had encountered a hard nut to crack.

In the face of repeated questioning by reporters, Cao Dewang was calm and calm. He leaned back on the sofa and looked expressionless. A few seconds passed, and more than ten seconds passed. He slightly leaned forward and inhaled deeply, and said, "I could say a lot of things, but at the moment I don't want to say that the plan has not changed quickly." At this time, it was written on Cao Dewang's face.

"Is the approval of the charity foundation not approved?" it seems that only this answer can make this passionate charity old man get lost at this moment.

"I thought I would get the approval document in the near future, but it didn't work?" Cao Dewang shook his head helplessly. What to do next? "There's nothing we can do but wait." I thought that if I got the approval document smoothly, I would put my heart and soul into it.

There were media reports that Cao Dewang had changed his strategy when he encountered difficulties in approving the bill. First, he set up 20 million cash to form a foundation, and then put it on the approval note: Cao Dewang agreed to personally donate 590 million shares (at that time, 3 billion 245 million yuan in market value) Fuyao shares to the He Ren foundation. It seems that Cao Dewang can really find a way out. However, Cao Dewang's words were unexpected: "no matter what they are talking about."

Cao Dewang, the eldest son of the group, said Cao Hui, President of the group, will continue to work hard for the development of the foundation. Cao Hui's analogy to founding a foundation is like digging a well and donating money. The money will be spent. If there is a foundation, it will be like beating a well for someone, raising two buckets of water today, and raising two barrels when it is needed tomorrow. Compared with cash donations, the foundation can be more steady and continuous in charity.

In May 2010, the five provinces in Southwest China suffered from severe drought. At this point, Cao Dewang launched again, and the families of the affected families could receive 2000 yuan of donations, amounting to 200 million yuan. China's poverty alleviation Foundation says it is by far the largest one-off public welfare donation in China.

Unlike all previous donations, the donation of Cao and his son was issued by a government agency such as the China foundation for poverty alleviation, but the latter was the executive body of the donor. Cao and his son signed a very harsh contract with them in advance, laying down strict procedures for the granting and supervision of spot checks, and even punishments. The China Poverty Alleviation foundation is responsible for the distribution of funds. Cao and his son set up a drought relief and poverty relief fund management committee, and jointly set up a joint execution team with the provincial poverty alleviation offices, which is responsible for project management and implementation.

All the requests put forward by Cao and his son were all accepted by the China foundation for poverty alleviation, including only allowing the foundation to charge 3% of the management cost, that is, the management cost of 6 million yuan as the project, far below the 10% level stipulated by the state. Moreover, if the payment is not due, the donor will recover the funds. "I ask the China Poverty Alleviation foundation to carry out projects with an accuracy rate of more than 99%. If the error rate exceeds 1%, the penalty will be fined. We will make random sampling. It also invited CCTV to supervise the economy for half an hour. If it finds anything different, it will be reported directly, and it will also welcome all media supervision. Cao Dewang said.

Cao Dewang did not trust anyone, even himself, in charity. "I only believe in systems and logic."

According to He Daofeng, executive vice president of the China foundation for poverty alleviation, according to what they call the new model of "transparent public welfare", the two sides will jointly set up the project management committee and the office, and rely on the existing poverty alleviation system to send the funds to serious drought areas.

Are management fees not wasted? They can also be used for charitable donations.

In the face of doubt, Cao Dewang did not care. "I do not think that the management fee paid by the cooperation with the China foundation for poverty alleviation is a management fee. There are so many things to do. Manpower and material resources all need cost. This is normal." Cao Dewang said.

At the moment, Cao Dewang's charitable foundation approval is still blocked, will the future continue to choose the mode of cooperation for the donation of money? This question, Cao Dewang picked up the phone and looked at it carelessly, and whispered, "the future is uncertain."

The approval from the "naked donation" to the charitable foundation was blocked again. Cao Dewang's charitable journey was like a roller coaster. After walking through flowers and applause, Cao Dewang knew that everything was in the past and his charity road in the future seemed to need to see the direction of the government and policy.

"China's charity entry threshold is too high, and the regulatory threshold is too low. The state should legislate and set up specialized agencies to conduct strict supervision over foundations and donors. In fact, Cao Dewang needs the help of the government and policy most at this time. Personal charitable donations are not rare in China, but Cao Dewang's "naked donation" is really limited by many rules. In China, equity contributions are inexperienced and can be used for reference. In the face of temporary obstruction, Cao Dewang, who wants to take charity as his career for the rest of his life, can only sigh at the moment. "I would like to take a lead and arouse entrepreneurs' attention to charity, because China's affairs should be done by the Chinese themselves."