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Dr. Cheng Kar-Shun, Henry, Chairman of New World Development Company Limited and Chow Tai Fook Jewellery Group Limited, Donates RMB 20 Million to Support Disaster Relief Efforts in Beijing-Tianjin-Hebei Region

Recently, Beijing-Tianjin-Hebei Region has been hit by continuous heavy rainfall brought by Typhoon “Du Su Rui” and suffered from serious casualties and property losses. On August 9, Dr. Cheng Kar-Shun, Chairman of New World Development Company Limited and Chow Tai Fook Jewellery Group Limited, donated RMB 20 million in his own name to China Charity Federation to support disaster relief efforts in the region.

Dr. Cheng said: “ ‘When difficulties arise in one place, aid comes from all directions.’ The disaster in Beijing-Tianjin-Hebei Region has deeply concerned every member of our group. We Hong Kong compatriots hope to work with the whole nation to support affected areas in recovering production and returning to normal life, and in rebuilding the homes of people affected by the disaster.”

Liaison Office of the Central People’s Government in the Hong Kong S.A.R. and the China Charity Federation expressed their gratitude for Dr. Cheng’s good deeds. They also appreciated his high sense of social responsibility and deep friendship with the disaster-stricken people in the mainland.

Over the years, Dr. Cheng and his family have been engaged in public welfare undertakings in Hong Kong S.A.R. and the mainland. As patriots from Hong Kong’s business community who love both the country and the region, the Cheng family has been deeply concerned about China’s development. They promptly respond to the call of the motherland, play an active role in public welfare undertakings, spare no effort to solve social problems and ease urgent needs, and share corporate resources with the society through concrete actions to convey the philanthropic nature of business. The family’s charitable actions reach every corner of the society, covering poverty alleviation, healthcare, epidemic prevention and disaster relief, public service, and so on.

In 2021, when Henan was hit by torrential rain, New World Development Company Limited, together with Chow Tai Fook Jewellery Group Limited, made an RMB 20 million donation ahead of most other Hong Kong companies. Since the COVID-19 outbreak in 2020, the company has been the first Hong Kong company to donate money to the mainland, which accumulatively donated more than RMB 32 million together with Chow Tai Fook Jewellery Group Limited for the mainland’s epidemic control. Following the 2008 Wenchuan Earthquake, the Cheng family made over RMB 50 million of cash donations and donated wireless video communication devices worth RMB 15 million to frontline rescue teams.

In 2016, Dr. Cheng donated RMB 300 million to the special fund for cyber security of China Internet Development Foundation (CIDF) to support training of network security professionals. In 2017, Chow Tai Fook Charity Foundation donated RMB 20 million to China Science and Technology Development Foundation to support science education for youth. In April 2022, Chow Tai Fook Jewellery Group donated RMB 120 million to Beijing Sport University Education Foundation to set up the Cheng Kar-Shun Champion Development Foundation, aiming to support the establishment of a sport training system for young people, promote sportsmanship, and contribute to national athletic development. In the same month, Chow Tai Fook Jewellery Group joined hands with the Shenzhen Municipal Committee of the Communist Youth League of China and the Shenzhen Youth Development Foundation in initiating and establishing the Shenzhen Youth Development Foundation - Cheng Kar-Shun Special Fund for Youth Development.

According to Dr. Cheng, New World Development Company Limited and Chow Tai Fook Jewellery Group Limited have always been enthusiastic about public welfare, charity, and education improvement, and have contributed to social and national development. In addition to its main businesses, the company has endeavored to drive brand innovation and development, earnestly fulfilled social responsibility, and worked with all to create a bright future.