Corporate social responsibility forum held in Beijing

A forum that discusses corporate social responsibility and corporate charity is being held in Beijing on May 17, 2017.[Photo: China Plus]

A number of business corporations around the globe and academic organizations have recently joined a discussion in Beijing on corporate charity.

A member of the Board for Huayi Brothers Media Corporation, Wang Fuye has talked about his understanding of corporate social responsibility, saying that frequent, direct financial donation is impractical for most enterprises.

Wang Fuye is the eldest son of Wang Zhongjun, founder the Chinese entertainment company Huayi Brothers.

Meanwhile, Yu Wenqi, from Goldman Sachs Group Inc's Asia pacific areas, echoed Wang's view by saying that pure donation of money is not a sustainable charity.

Both made the statement at a forum titled 3YI in Beijing, which study and promote charity among business corporations.

Peggy Dulany, founder and chair of Synergos- a global nonprofit organization that promotes collaborative partnerships among business, government and civil societies- added that charity needs to be sustainable and hopes the forum would become an efficient exchange platform that offers some solutions for the development of charities in the corporate context.

In addition, Ding Changfeng, deputy CEO of Wanke Group, also explained their efforts in fulfilling social responsibilities by establishing a charity foundation that supplies funds to help tackle the education and diseases of children in some of China's underdeveloped areas.