Outstanding Entrepreneur

Liu Chuanzhi, Board Chairman of China's largest PC maker Lenovo Group, has received the 2010 Entrepreneur for the World Award in the Entrepreneur category of the World Entrepreneurship Forum.

The World Entrepreneurship Forum is the first global think tank dedicated to entrepreneurs and creators of wealth and social justice.

Liu showed his ability in building his career, quality as a leader and his global vision, and Lenovo was a perfect representative of Chinese corporations experiencing an international boom, said judges.

Liu, 66, created Lenovo in 1984, along with 10 other engineers in Beijing, with 200,000 yuan ($29,412.) Under Liu's leadership, Lenovo, which was originally known as Legend, rose from a small start-up to become the leading PC company in China and then a global company. In 2005, Lenovo acquired IBM's Personal Computing Division. Today, Lenovo is the fourth largest PC manufacturer worldwide with a total income of $16 billion in 2009.

CIC's HK Boss

Lawrence J. Lau, a prominent Hong Kong economics professor, has been appointed board chairman of CIC International (Hong Kong) Co., the newly established wholly-owned subsidiary of the China Investment Corp. (CIC), the country's sovereign wealth fund.

Lau, 66, served as vice chancellor of the Chinese University of Hong Kong from 2004 to 2010 and is a member of the International Advisory Council of the CIC.

With a Ph.D. in Economics from the University of California, Berkeley, Lau had worked at Stanford University since 1966 and headed the Stanford Institute for Economic Policy Research from 1997 to 1999. In 1966 he developed one of the first econometric models in China, and has continued to revise and update it since then.

The CIC was founded in September 2007 to mitigate risks in China's huge foreign exchange reserves. The Ministry of Finance issued 1.55 trillion yuan ($208 billion) worth of special treasury bonds to buy forex reserves and injected the funds into CIC.

Generous Donor

Wang Jianlin, Board Chairman and President of Wanda Group, based in Dalian, northeast China's Liaoning Province, has donated 1 billion yuan ($150 million) from his personal finances for the restoration of the Grand Bao'en Temple in Nanjing, Jiangsu Province. The donation is the all-time largest from an individual donor on the Chinese mainland.

Wang said his donation was out of respect toward traditional Chinese culture, even though he is not a Buddhist. The donation he has promised will be presented to the China Charity Federation by December and the federation will transfer the funds to Nanjing.

Wang, 56, became board chairman and president of Wanda Group, one of Asia's largest property developers, in 1993. With a total fortune of 28 billion yuan ($4.18 billion), he ranks 16th on Forbes magazine's 2010 China Rich List. The Wanda Group's website says, over the past 20 years, 2.7 billion yuan ($403 million), either from Wang's personal wealth or company profit, has been given out in philanthropy.

The Grand Bao'en Temple, first built in 1412, was destroyed in war in 1854. In August 2008, part of Buddha's parietal bone was unearthed in the temple.