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  1. Home

  2. About BFA

  3. Conferences & Meetings

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  5. Members & Partners

  6. BFA Academy

  7. Areas of Focus

  8. Regional Cooperation

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BFA Members back China’s fight against coronavirus
Origin:Boao Forum for Asia      Time:2020-02-14 21:31:14    Views:253

Since the outbreak of the novel coronavirus in China, BFA members have actively made cash and in-kind donations to back the Chinese government’s and its people’s efforts to combat the epidemic. 

 

Bank of China

Bank of China made its first batch of cash donations totaling RMB 30 million in full support of the country’s combat against the virus. Besides, all its overseas branches are also mobilizing resources such as masks for Hubei and other affected areas. 

 

China Construction Bank

China Construction Bank has rolled out 10 financial support measures designed to support the containment of the epidemic, including donating RMB 30 million in cash to the affected areas of Hubei and providing each healthcare professional fighting the epidemic in Hubei (including those assigned from other provinces to Hubei) with accident and term life insurance with a benefit of RMB one million.

 

China Development Bank 

The China Development Bank made its first batch of cash donations totaling RMB 20 million to the Hubei Charity Federation as part of its support to the province’s control of the novel coronavirus. As of February 10, the CDB had cumulatively extended RMB 35 billion in lines of credit and provided RMB 20.4 billion in emergency loans to a total of 174 companies—which are involved in the construction of hospitals specially designed to treat patients infected by the coronavirus, such as Huoshenshan and Leishenshan Hospitals; the production and purchase of medical and protective materials; the supply of essential household items during the epidemic; and the purchase and production of emergency response devices and drugs.  

 

SINOPEC

Following its donation of 200 tons of disinfectants to Wuhan, Sinopec, through its provincial branch in Hubei, again donated RMB 50 million in cash to the Hubei Branch of the Red Cross Society of China to support epidemic control efforts. 

 

Baidu

Baidu announced that it has established a special fund of RMB 300 million for epidemic prevention and public health security. The fund will be used to support the selection, research and development of drugs targeting the novel coronavirus and efforts to fight the epidemic, while popularizing and disseminating public health and security information. 

On February 14, Baidu announced to upgrade its “Gongdu Program” by setting up a dedicated fund of RMB 2 billion to provide businesses affected by the epidemic to varying degrees with tailored marketing subsidies.

 

China Life Insurance (Group) Company

To fully support the fight against the novel coronavirus, China Life Insurance (Group) Company has donated more than RMB 54 million (excluding insurance policies) to Hubei. Moreover, its life insurance business unit has provided 311,800 healthcare workers in Hubei, free of charge, financial protection worth RMB 155.9 billion, and donated insurance policies with a total benefit of RMB 320 billion for more than 600 thousand healthcare and epidemic control personnel directly facing patients in 20 other provinces. The property insurance business unit donated each military policeman working at the front line of fighting against the epidemic an insurance policy with a financial benefit of RMB one million, as well as an insurance policy with a benefit of RMB 1.3 million for each researcher involved in the clinical test of drugs for the coronavirus, such as those from China-Japan Friendship Hospital and Wuhan Jinyintan Hospital.  

 

CP Group 

CP Group has donated RMB 50 million to support China’s efforts in combating the coronavirus, RMB 40 million of which was donated to the CP Charity Foundation. To date, the CP Charity Foundation has provided RMB 20 million in cash to Wuhan, Hubei and other affected areas through the Overseas Chinese Charity Foundation of China to help them counter the epidemic. RMB 20 million worth of food products and personal protective equipment are also being shipped to affected areas in support of front-line healthcare and rescue workers and patients. 

 

ReignWood

In response to the coronavirus outbreak, ReignWood quickly prepared RMB 10 million worth of products and organized about 600 employees and over 100 vehicles to bring the goods to healthcare workers and other personnel working at the front line of the epidemic battle. 

 

Hyundai Motor Company 

To help China win the fight against the coronavirus epidemic early, Hyunday Motor Company made cash and in-kind donations worth RMB 15 million in support of Wuhan, which included RMB 5 million worth of medical supplies and RMB 10 million of cash. 

 

Volvo Group

Volvo Group decided to first donate SEK 2 million (RMB 1.45 million) to back China’s virus control efforts. The donation was made to the International Federation of Red Cross and Red Crescent Societies, which will help the Red Cross Society of China support the Chinese government’s fight against the virus. The fund will be used to purchase urgently needed medical supplies such as masks and protective garments. “We are deeply impressed by the ability and efficiency demonstrated by China in this unexpected epidemic. Volvo Group has called on all of its subsidiaries worldwide to provide full support, including materials and other resources, so we can join hands with Wuhan and Chinese people to win this fight,” said Martin Lundstedt, President and CEO of Volvo Group. 

 

Royal Golden Eagle (RGE) 

In response to the epidemic, Sukanto Tanoto, Chairman of Royal Golden Eagle (RGE) and a Chinese by descent, quickly gathered one million surgical masks and shipped them by air to Fujian. They were donated to the local government to help fight the epidemic. Asia Symbol, a company under the RGE Group, also donated 200 tons of disinfectants.   

 

SANY

From the start of construction of Huoshenshan and Leishenshan Hospitals to their completion, SANY Heavy Industry had been quick in mobilizing support among its distributors and customers for the two projects. Its overseas subsidiaries also gathered resources from various sources—They bought a lot of protective equipment in foreign countries and shipped them back to China, including 55,000 masks they purchased in Thailand for Changsha, 26,000 surgical N95 respirators they bought in South Africa, and 42,000 DuPont protective garments. They also chartered a plane to transport urgently needed protective coveralls and donated them to the Hunan branch of the Red Cross Society of China. 

 

China General Nuclear Power Corporation (CGN)

CGN Nuclear Technology Development Co., Ltd. has launched fast-track electron beam sterilization services, which has sterilized, free of charge, a total of 21 batches of medical supplies for medical device manufacturers, hospitals and centers for disease control and prevention—in a way that is timely, efficient and of high quality.  

 

BROAD GROUP 

On January 31, BROAD Group shipped 200 electrostatic air purifiers to 8 hospitals: Wuhan Huoshenshan Hospital, Leishenshan Hospital, Wuhan Third Hospital, Wuhan Asia Central Hospital, Tongji Hospital, Tianyou Hospital, Zhongnan Hospital and the hospital specially built in Huanggang for the treatment of patients infected by the novel coronavirus. On February 7, BROAD Group also donated electrostatic air purifiers to Jiangsu Province Hospital, Southeast University Zhongda Hospital, The First People’s Hospital of Changzhou and the Affiliated Hospital of Xuzhou Medical University.   

 

Boston Consulting Group (BCG) 

During the Spring Festival holiday, BCG mobilized its global resources to purchase medical materials urgently needed in China’s fight against the novel coronavirus. Part of donations were purchased by the Beijing and Guangzhou Alumni Associations of Huazhong University of Science and Technology, which included 4,250 protective coveralls and 4,300 isolation gowns they purchased overseas. They were donated through a channel designated by the alumni associations to 15 hospitals, including Hubei Cancer Hospital and Huang Gang Central Hospital. The remaining donations were provided to the Shenzhen Alumni Association of Wuhan University and were also used to support the control of the epidemic. “By directly involving ourselves in this fight in an orderly manner and leveraging our unique strengths and expertise, we believe that these resources will support those places which need them. Although we’re faced with many challenges, new opportunities keep arising. Despite so many difficulties, it’s our firm belief that the concerted efforts will help us win this fight,” said Rich Lesser, CEO of BCG.  

 

Hanwha Group 

Sinokorea Life launched a package insurance policy that is extended from accident insurance to cover death and injuries caused by the novel coronavirus. The package includes a coronavirus insurance policy with a benefit of RMB 200,000 and an accident insurance policy with a benefit of RMB 5,000. To date, Sinokorea Life has cumulatively offered 100,000 free insurance policies to the public, whose benefit totals up to RMB 20 billion. 

 

Huayi Brothers:

Huayi Brothers Foundation has donated RMB 1 million via China Siyuan Foundation for Poverty Alleviation. The funds will be used to purchase masks for medical professionals and other people fighting on the epidemic frontline in Wuhan, to relieve the city’s shortage of medical supplies.

 

Mars Inc. 

So far, Mars donated RMB 3.6 million cash and goods, including RMB 2.2 million cash and Snicker/BE-KIND products; RMB 1 million donated by Mars Wrigley Foundation, governance by Give2Aisa; and pet food at the value of RMB 0.4 million.  

 

PAYPAL

Paypal donated RMB one million in cash to the Shanghai Charity Foundation to help the city buy medical supplies that are urgently needed by areas affected by the virus. 

 

TCL Corporation 

Since the outbreak of the coronavirus epidemic, TCL Corporation has donated RMB 10.50 million of cash and RMB 3.974 million worth of supplies and has launched programs based on its product platforms that will be freely available during the duration of the epidemic.   

 

China Yong Group 

Mr. Li Yong, Chairman of ChinaYong Investment Group, in his personal name, donated RMB 10 million in cash to the Department of Civil Affairs of Hubei Province, as well as thousands of surgical masks and dozens of protective goggles. 

 

Guangzhou Automobile Group Co., Ltd (GAC Group)

GAC Group joined hands with its affiliates, overseas partners, dealers and suppliers to make RMB 22 million worth of cash and in-kind donations, including more than RMB 15 million worth of donations from the headquarters of GAC Group. As part of its support to the fight against the epidemic, GAC Group has also started to examine the possibility of building equipment and production lines to manufacture face masks. 

 

Nine Dragons Paper (Holdings) Limited 

To help Hubei combat the epidemic, Nine Dragons Paper (Holdings) Limited donated RMB 30 million in cash and RMB 2.4 million worth of medical supplies. To alleviate domestic logistical pressure, the truck fleet of its facility in Dongguan also volunteered to transport goods to the front line of the coronavirus battle. 

 

China Southern Airlines Co., Ltd. 

China Southern Airlines Co., Ltd. (China Southern) donated RMB 10 million in cash as well as 10,000 protective coveralls and 10,000 surgical masks to Hubei. Moreover, China Southern has also opened fast tracks for supplies used for the epidemic fight, and provides free and priority transportation services for goods donated by domestic and foreign government bodies, the Red Cross network, philanthropic and charitable organizations, healthcare institutions and medical device manufacturers. 

 

China UnionPay 

To support front-line virus control efforts, China UnionPay donated RMB 15 billion to the China Charity Federation as a support fund dedicated to the fight against the novel coronavirus. Moreover, China UnionPay also joined hands with major commercial banks to develop preferential polices on handling fees, which will reduce or exempt service and handling fees in seriously affected areas during the duration of the epidemic. 

 

HP China 

To back China’s coronavirus fight, HP Inc. China donated RMB 2.1 million worth of IT equipment to a number of hospitals in Wuhan, including Huoshenshan and Leishenshan Hospitals. The HP Foundation also donated USD one million to support Direct Relief, a US charitable organization, to ship a total of 350,000 pieces of protective equipment—including N95 respirators, gloves and protective coveralls—to designated hospitals in Wuhan, Xiaogan and Huanggang.  

 

Guangzhou Pharmaceutical Holdings Limited (GPHL)

Guangzhou Pharmaceutical Holdings Limited (GPHL) and its affiliated businesses were among the first to put forward the principle of “Two Nos and Two Guarantees”, namely no price raise, no business suspension, guaranteeing product quality and guaranteeing to put public wellbeing first. The group urged all its affiliated enterprises to ensure the production, reserve and supply of national strategic medicine and medical devices including anti-virus medicine, anti-bacteria and antibiotic medicine, and veterinary and infection prevention and control medicine, during the Spring Festival and China’s fight against the novel coronavirus. Through Guangdong Branch of Red Cross Society of China, GPHL has donated RMB12 million worth of urgently needed medicine and materials to Hubei and Guangdong. In Guangzhou, the group launched a six-day free service to deliver masks to many households, receiving strong feedback from the wider communities.     

 

iFLYTEK

iFLYTEK has donated RMB30 million in kind during the epidemic. Capitalizing on its strengths in artificial intelligence, the company has provided doctors with intelligent voice call support, assist in screening and tracking fever symptoms among the key population groups, and contribute to the prevention, control and public education of the epidemic. 

 

Qualcomm China

Qualcomm China has donated 7 million RMB to the Chinese Red Cross Foundation for purchasing negative pressure ambulances under the supervision of the Ministry of Industry and Information Technology of People’s Republic of China. The majority of purchased ambulances have already been used in the fight against the novel coronavirus epidemic in Wuhan.

 

Merck KGaA

Merck KGaA has donated 3 million RMB in cash to regional charities in order to help local medical professionals who are fighting relentlessly against the epidemic. Merck Life Science has also donated 550,000 RMB in kind, in an effort to support research institutions and IVD manufacturers to expedite the research, virus diagnosis and detection with regard to 2019-nCoV. In addition, Merck KGaA acted quickly to purchase 15,000 masks through its international business network and deliver them to several hospitals in Wuhan.

 

Xiaoi Robot

In response to the outbreak of novel coronavirus, Xiaoi Robot offered three technology solutions to help prevent and control the epidemic. Its call-out service has assisted 50 companies in Hubei, Shandong, Guangdong, Guizhou, Inner Mongolia, Henan, Shaanxi, Beijing and Shanghai in updating people on the developments of epidemic and related prevention knowledge.

 

Zhejiang China Commodities City Group

The Group and its subsidiaries have donated 10 million RMB in the forms of cash and medical supplies to Yiwu Central Hospital and other organizations, supporting their fight against the novel coronavirus pneumonia.

 

AMTD Group

AMTD has donated RMB 2 million yuan to the Red Cross Society of China Hubei Branch. Also, it has organized a dedicated team composed of employees working in Japan and Europe, responsible for purchasing medical supplies overseas to help Hubei fight against the novel coronavirus pneumonia epidemic and support Hong Kong residents’ efforts in infection prevention and epidemic control. 

 

Didi 

In an official announcement, Didi has proposed to work together with its partners to help drivers overcome the challenges caused by the epidemic. So far, Didi has organized a neighborhood service fleet of 1,336 drivers in Wuhan, which provides the local residents with free mobility service according to the central scheduling of the city. It is reported that Didi is also organizing medical service fleets in other cities including Beijing. The company has set up a special fund of RMB 200 million yuan to compensate these drivers, and purchase and deliver anti-epidemic supplies. 

 

Giti Group

Giti has distributed in China 90,000 medical masks and other medical supplies. Furthermore, on January 29, 2020, the company upgraded its 300,000-class cleanroom newly retrofitted in 2019 in strict accordance with the standards for producing face masks. The new mask production line is expected to be put into operation within days.

 

Volkswagen Group

Together with Audi, Skoda, Porsche, Bentley and other of its brands, Volkswagen has donated RMB 120 million to support the fight against the coronavirus epidemic.

 

Tata Group

On the evening of January 27, Tata Group's Jaguar Land Rover (China) Investment Co., Ltd. and Chery Jaguar Land Rover Automotive Co., Ltd., after communicating with the headquarters of Chery in the UK, decided to donate RMB 8 million for the prevention and control of the current coronavirus epidemic and the prevention of other major epidemics in secondary schools.

 

The Coca-Cola Company

As of February 10, the Coca-Cola system in China had donated RMB 4.5 million to help combat the coronavirus outbreak, together with 900,000 bottles of drinking water and other beverages, 3,000 masks, 50 bottles of disinfectant and 50 medical protective suits. In addition, the Coca-Cola Foundation has altogether donated $500,000 in cash and$500,000 worth of medical supplies to help fight the epidemic.

 

Sony

Through China Charity Federation, Sony companies in China have altogether donated RMB 1 million to support thefight against the novel coronavirus epidemic;

Sony will donate 15 million yen (about 1 million RMB) via the Chinese Embassy in Japan to help combat thecoronavirus outbreak (to be announced at 12:00 on February 14);

Sony China Professional Systems Group has provided Hubei Television Station with professional broadcasting equipment and special equipment disinfection products (whose value is to be calculated)

 

Maersk

Maersk Group and its brand Damco have stepped in to help fight the outbreak by joining in the transportation of emergency supplies. In response to Cainiao’s move to open up a green passage for free transportation of relief materials to Wuhan, Maersk, along with several other logistics enterprises, has been transporting donated relief materials from across the world to Wuhan without charge. Maersk also offers free air transportation and landside logistics to assist customers and agencies who intend to supply relief materials to Wuhan.

 

TAL Education Group

TAL has gone all out to support the decision of Chinese educational departments at various levels to “suspend school but not schooling”. It has set up a 100 million RMB special fund for the fight against the coronavirus epidemic, of which

(1) 20 million yuan goes to the Wuhan Charity Federation for the purchase of medical supplies to fight the epidemic and protect the front-line healthcare workers. By noon on January 26, 20 million RMB in cash has already been donated to the Wuhan Charity Federation.

(2) 80 million yuan is to be used for educational projects that allow children in Hubei and other coronavirus-stricken areas in China to continue their studies without actually going to school.

 

China CAMC Engineering Co., Ltd. (CAMCE)

CAMCE has donated, to four key hospitals treating patients infected with 2019-nCov in Wuhan, 50 medical air purifiers which adopt Finland’s latest ion blast technology. Its overseas affiliates have contributed more than 105,000 protective pieces, including medical face masks and gloves, to Chinese Chambers of Commerce, and Economic and Commercial Counsellor’s Offices of Chinese Embassies in countries where they reside. 

After receiving the urgent request from Wuhan Municipal Bureau for Urban and Rural Development for supporting the construction of emergency hospitals in Wuhan against the novel coronavirus pneumonia, IPPR, a subsidiary of CAMCE, only took 78 minutes before it sent to Wuhan the revised drawings of Xiaotangshan Hospital constructed in Beijing during the 2003 SARS epidemic.

 

Xiaohongshu

The first batch of 200,000 articles donated by Xiaohongshu has arrived in Wuhan. Xiaohongshu has specially allocated RMB 10 million yuan to support Wuhan’s battle against the novel coronavirus pneumonia. 

Xiaohongshu has set up a mental health assistance fund to provide medical professionals, patients and the general public with free psychological counseling services.

 

JD Allianz Property Insurance

JD Allianz, and several affiliates of Allianz SE and its Disaster Recovery Fund, have jointly set up an emergency response fund to support China's fight against the novel coronavirus epidemic. The initial pledge towards this fund is RMB 4 million yuan.

 

Beijing 58 Daojia Information Technology Co., Ltd.

To date, the Kuaigou Hailing platform operated by 58 Daojia, has engaged 3,000 standby volunteer drivers nationwide, and organized transportation of 70 shipments, delivering over 100,000 face masks, over 1,000 protective suits, 60 air purifiers, over 10 tons of vegetables and a large number of daily necessities.

 

Hengchang Litong Investment Management (Beijing) 

Hengchang Litong, a FinTech company, has donated 200,000 RMB to Wuhan Charity Federation to help areas being severely affected by novel coronavirus. Meanwhile, the company has also launched a fundraising event on Yiqijuan, a Tencent-affiliated charitable donation platform, having collected nearly 110,000 RMB within 4 hours.

 

Youdao

With its diverse educational solutions, Youdao Information Technology provides free online education services for students across the country during the epidemic. Youdao Premium Courses has offered quality live classes via the Internet to primary and secondary school students. Youdao AI Cloud also supports schools with its distance teaching system. For universities across the country, China University MOOC offers an array of courses and services with its massive resources. Meanwhile, Youdao Premium Courses also works with CCTV to introduce First Class For New Semester (Epidemic Control Version).

 

JD Digits

To echo the call by the Chinese central government to fight against the outbreak of the novel coronavirus, JD Digits has utilized its latest AI capabilities and launched several intelligent robots including call-out robot, diagnosis robot and Jingdong Survey applet to help with case survey, screening and control.

 

Ciming Dr Han Healthcare Group

In quick response to the epidemic, Jijiankang and Ciming Boao International Hospital, two subsidiaries of Dr. Han Medical Group, have worked together to open online clinic that can receive hundreds of patients each day and educate the public via Wechat and other online platforms about how to stay clear of the coronavirus and keep a healthy lifestyle.

 

KOSÉ Corporation

Kazutoshi Kobayashi, President & CEO of KOSÉ Corporation, donated RMB 1 million and 4,000 masks via the Chinese Red Cross Foundation, to support China in the fight against the novel coronavirus pneumonia (NCP) epidemic.