360° Coverage : Chinese Billionaire Guo Guangchang To Be Feted As "Global...

2 Updates
Chinese Billionaire Guo Guangchang To Be Feted As "Global Shark Guardian" In New York
Photo Credit: Forbes Business

Chinese Billionaire Guo Guangchang To Be Feted As "Global Shark Guardian" In New York

Apr 13 2014, 11:56am CDT | by

Billionaire Guo Guangchang,  chairman of Chinese investment firm Fosun International, and three other individuals will be feted in New York this Thursday, April 17, for their efforts to stop the...

Filed under: news

 
 
 

22 weeks ago

Chinese Billionaire Guo Guangchang To Be Feted As "Global Shark Guardian" In New York

Apr 13 2014, 11:56am CDT | by

Billionaire Guo Guangchang,  chairman of Chinese investment firm Fosun International, and three other individuals will be feted in New York this Thursday, April 17, for their efforts to stop the killing of sharks for their fins, which are a delicacy served in soup in Asia.

Guo, along with Ding Liguo, the CEO of steelmaker Delong Holdings, Wan Jie, chairman of art publishing firm Artron, and Jim Zhang of the Nature Conservancy will be named “Global Shark Guardians” at an event organized by Wildaid, the Nature Conservancy and the Pew Charitable Trust, according to a Pew press release.

The four have a record of working in support of a ban on the serving of shark fin at Chinese government banquets. 

In March 2011, Ding, at the time a member of China’s National People’s Congress, submitted a proposal for a legislative ban on the shark fin trade and Wan, a member of the Chinese People’s Political Consultative Conference, made a similar proposal. The two failed due to concerns that a trade ban could be challenged at the World Trade Organization, according to material provided by Pew.

A year later in March 2012, Ding and Guo, who had become a member of the National People’s Congress, submitted a revised proposal with the support of more than 30 other NPC delegates for a legislative ban on the consumption of shark fin at official banquets. In the CPPCC, Wan also proposed a ban.

In July 2012, it was announced that the Council would issue guidelines instructing government agencies to stop serving shark fin at official receptions within one to three years. Yet by December, the regulations came into effect, and the measure was promoted as an anti-corruption initiative.

Zhang, for his part, promoted the changes through business and political networks and use of social media.

WildAid estimates that demand for shark fin has dropped 50-70% since the National People’s Congress took up the issue. Some 73 million sharks are killed annually for their fins,  according to Pew.

Three of the four individuals to be recognized this week – Guo, Ding and Zhang –  also belong to the China Entrepreneur Club, an association of prominent Chinese businessmen which announced in 2009 that members would no longer consume shark fin soup.

Among business that have supported the initiative to curb demand for shark fin, Starwood Hotels recently announced that it would stop serving shark fin soup at its hotels worldwide, including 200 in China.

Basketball star Yao Ming has also worked to call public attention to the killing of sharks for their fins and has been closely associated with WildAid.  

Fosun International is a licensing partner of Forbes Media in China.

– Follow me on Twitter @rflannerychina/>/>

 
Update
2

2 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 by 30 per ce ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

2 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 and MH17" hi ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

US to bolster Ebola fight with more funds, troops
Washington, Sep 16 (IANS/EFE) US President Barrack Obama will announce Tuesday an extension of his government's plan against the Ebola virus disease outbreak in West Africa by deploying 3,000 troops and allocating fresh funds that could reach $600 million.
 
 
A glass of milk daily good for your heart
New York, Sep 16 (IANS) Do you find drinking milk disgusting? Listen to your heart and change the habit. New research has found that drinking milk and consuming other dairy products may reduce the risk of a heart attack.
 
 
Number crunching may make people selfish
Toronto, Sep 16 (IANS) People with a "calculative mindset" as a result of number crunching are more likely to engage in selfish and unethical behaviour, suggests a study.
 
 
A novel way to spot dyslexia in kids
New York, Sep 16 (IANS) There could soon be a tool to spot kids at risk of developing reading difficulties before they experience the challenges as researchers have found that white matter volume in the brain is key to development of reading abilities.
 
 
 

Latest from the Network

US to bolster Ebola fight with more funds, troops
Washington, Sep 16 (IANS/EFE) US President Barrack Obama will announce Tuesday an extension of his government's plan against the Ebola virus disease outbreak in West Africa by deploying 3,000 troops and allocating...
Read more on Business Balla
 
Kiwi jihadi wants to leave war-torn Syria
Wellington, Sep 16 (IANS) A jihadi from New Zealand, who has links with the Al Qaeda and has taken up arms in Syria, wants to leave the war-torn country - but first needs a fresh New Zealand passport after burning his...
Read more on Politics Balla
 
A glass of milk daily good for your heart
New York, Sep 16 (IANS) Do you find drinking milk disgusting? Listen to your heart and change the habit. New research has found that drinking milk and consuming other dairy products may reduce the risk of a heart...
Read more on Apple Balla
 
Avatar sequels could feature cutting-edge 3D technology
The 'Avatar' sequels could use Douglas Trumbull's new system for 4K 3D at 120 frames per second. Trumbull has confirmed the news in an interview with The Hollywood Reporter, in which he revealed that James Cameron - who...
Read more on Movie Balla
 
Marvel releases synopsis of Avengers: Age of Ultron
Marvel Studios has released a full synopsis of 'Avengers: Age of Ultron'. The much-hyped film is set to feature the likes of Robert Downey Jr., Chris Evans, Mark Ruffalo and Chris Hemsworth. The synopsis of the film...
Read more on Movie Balla
 
Keira Knightley was neurotic
Keira Knightley was ''pretty neurotic'' until she was 25. The 29-year-old actress used to take herself ''far too seriously'' and obsessed over the criticism she received, particularly over her looks. She said: ''Have I...
Read more on Celebrity Balla
 
Lawyer: Robin Thicke is being 'exploited'
Robin Thicke's lawyer believes the singer is being ''exploited''. The 37-year-old star is currently embroiled in a legal dispute with Marvin Gaye's children, who have accused him, Pharrell Williams and Clifford 'T.I.'...
Read more on Celebrity Balla
 
Rain takes toll on Pakistan's historical sites
Islamabad, Sep 16 (IANS) Pakistan's monsoon rain, which started Sep 3 and has ravaged human populations since then, has taken a toll on ancient ruins as well, media reported Tuesday. Archaeologists say the ancient...
Read more on Politics Balla
 
Number crunching may make people selfish
Toronto, Sep 16 (IANS) People with a "calculative mindset" as a result of number crunching are more likely to engage in selfish and unethical behaviour, suggests a study. Repeated engagement with number-focused...
Read more on Celebrity Balla