The chair of Country Garden Services Holdings Company, Yang Huiyan, is transferring approximately 55% of her personal shares in the property management company to a family charity, which was established by her sister.
Yang Huiyan is China’s third wealthiest woman, and the value of this stake is estimated to be around $826 million.
At the height of her fortune, Yang Huiyan was the wealthiest woman in Asia.
She recently gifted approximately 675 million shares of Country Garden Services, which accounts for 20% of the entire company, to the Guoqiang Foundation in Hong Kong. The donation was made for charitable reasons.
Guoqiang Foundation is a private foundation established in 2013 by Mr. Yang Guoqiang, board chairman of Country Garden, and Ms. Yang Huiyan, co-chairman of Country Garden. The Foundation’s stated goal is to make the world a better place. The foundation is dedicated to promoting national prosperity and human progress through our efforts in education, cultural development , rural revival and community development.
The mission statement of the foundations affirms: “In Guoqiang Foundation, we see poverty alleviation. as our responsibility, mission and conscience. The survival and development of human beings, the prosperity of the country, and the progress of society all depend on knowledge, wisdom, and hard work Therefore, the Foundation established Guohua Memorial Middle School, Guangdong Country Garden Polytechnic and Guoqiang Vocational and Technical College for poor students and veterans where they can learn the skills to change their lives.The Foundation has established over 20 special funds to support China’s scientific and educational development including the Zhongming Fellowship for College Students, Huiyan Educational Aid Fund and Guohua Scholars Fund. We have also made donations to many Chinese universities, including Tsinghua University, Hong Kong University of Science and Technology, Sun Yat-sen University, Beijing Normal University and Westlake University. We respond actively to the call of the Chinese government to participate in the Group’s poverty alleviation programs in 14 counties across 9 provinces. And we are exploring a “4+X” poor-relief model that consists of four “compulsory practices”, including CPC party building, industrial development, education and employment, along with a set of “optional practice” that target local needs.”
The charity foundation, Guoqiang Public Welfare Foundation, “irrevocably and unconditionally undertakes” to Yang that it will hold the shares for 10 years.
The charity pledged not to sell shares within a decade.
Yang Huiyan is a Chinese-born billionaire businesswoman and property developer.
She is the majority shareholder of Country Garden Holdings, a stake largely transferred to her by her father Yang Guoqiang in 2007.
Her father Yang Guoqiang started the real estate company Country Garden in 1997 and transferred 70% of Country Garden’s shares to her before its IPO in 2007. Country Garden’s initial offering raised about $1.6 billion, or as much as Google raised in 2004 in the United States. Currently, Yang has a net worth of $ 6.1 billion.
Yang is vice chairman of the board’s governance committee and helped raise $410 million selling new shares in 2014, according to Forbes.
Yang is a 2003 graduate of Bachelor of Arts/Science, Ohio State University where she was a member of The National Society of Collegiate Scholars (NSCS).
In June 2022, she was recognized by the International Hospitality Institute on the Global 100 in Hospitality, a list featuring the 100 Most Powerful People in Global Hospitality.