Rich find spirit of generous giving

China's rich showed increasing enthusiasm about making big donations to the nonprofit sector and most of their donations, including pledges, went to universities in 2012, according to a new report.

Last year saw charitable gifts of 4.9 billion yuan (S$978 million, US$787 million) and pledges of 60 billion yuan from the country's top 100 individual donors, according to the China Philanthropy Research Institute of Beijing Normal University.

The total value was five times that of the previous year, it said.

Huang Nubo, chairman of Beijing Zhongkun Investment Group, a private company, topped the list as the most...

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Wealthy Chinese people are helping to support universities through donations. What kind of organization would you support if you were to make a donation?