Vanke employees，advocated by WANG Shi，donated 200 million shares to build Vanke School of Public Health with Tsinghua University
On April 2, 2020, Vanke founding shareholders’ equity management center (hereinafter referred to as the Center) and Tsinghua University Education Foundation signed a donation agreement. According to the agreement, the Center, on behalf of all Vanke employees, donated the entirety of its asset – 200 million Vanke shares – to Tsinghua University Education Foundation. It will be used to set up the Tsinghua University Vanke Pulic Health Discipline Development Special Fund. Vanke and Tsinghua University will work together to build the Vanke School of Public Health, Tsinghua University. Margaret Chan, former Director-General of WHO will be the first Dean of the school and Mr. Wang Shi, founder and Honorary Chairman of Vanke will be the school’s Honorary Director.
The special fund will be used to continuously buttress future development of the school by supporting research and innovation, rewarding scientific findings and bringing in needed talents. Vanke and Tsinghua will fully utilize their respective advantages, to effectively facilitate training of professionals, scientific research and policy making in the public health area, with the aim of significantly improving China’s ability to handle major public health emergencies, and contributing to the well-being of mankind. The school will take a comprehensive, international and high standard approach, give full play to disciplinary strengths of Tsinghua University, and create a new model of interdisciplinary cooperation by the faculty and inter-school cultivation of students, as well as a new culture of cross-functional collaboration. The school plans to set up four major fields – preventive medicine, “big health”, health care big data, and public health policy and administration. These four fields are believed to be essential for the country’s public health system in the future.
With the current worth of RMB5.3 billion yuan, the 200 million shares donated was the single largest of the kind to university foundations in China so far. What makes it more significant is that it was not a company donation. It didn’t come from Vanke as a listed company. Instead, it was collective donation by all Vanke employees, making this the largest single donation by employees of a company in the charity history of China. Vanke will not seek any commercial interests or economic returns with the act.
Wang Shi said that this was the dream-come-true moment for all employees of Vanke. This asset originated from the equity stake in the firm put aside by founding shareholders in the corporatization process back in 1988. It is held by all employees of Vanke who nine years ago collectively and unanimously decided to donate it for charity purposes. Attributable to Vanke’s sound performance, the worth of this asset has grown from RMB 5.2 million 32 years ago, to 900 million 9 years ago and then to 5.3 billion today. This is a common achievement and collective wealth attributable to the hard work of tens of thousands of Vanke employees over the span of 36 years ever since 1984. Its donation today to the public health cause of the mankind is the best outcome for Vanke founding shareholders equity. At the same time, given that Vanke came into being and grew stronger in Shenzhen, Wang Shi expressed hope that Vanke School of Public Health, Tsinghua University would take part in and generously support improvement of health care services in Shenzhen.
As one of the Vanke employees who made the donation, Chairman Yu Liang said, COVID-19 has caused an unprescedented global public health crisis, bringing all human beings closely together as members of a community with shared future. No one is able to stay aloof or handle it alone. To stay alive becomes a real issue. Each and every one of us experiences hardship and faces challenges in fighting the virus. We have all come to realize the importance of higher public health standards. Public health will surely emerge from this pandemic as the most prominent subject globally. Much more critical research work needs to be done, and done fast. It is at this point that Tsinghua University expressed hope to receive Vanke’s support to build a school of public health. Entrusted by the Center, we swiftly reached agreement with Tsinghua University Education Foundation to build the school together.
With commitment to a lofty cause, one shall always stay true to his mission. The chance to use this asset for a meaningful cause, when it’s most needed, is the best gift for Vanke founder Mr. Wang Shi and all employees for 36 years of hard work.█