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Opinion

Noble scholarship or selfish stunt?

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If you think Chinese *billionaire Chen Guangbiao’s *banquet and donation for homeless people in New York was over the top, think again. Another Chinese billionaire couple just did something that puts Chen to shame. Real estate businessman Pan Shiyi and his wife Zhang Xin have announced they will set up a $100 million (619 million yuan) *scholarship fund named after their firm, Soho China, to help Chinese students from low-income families complete their studies at any top university around the world. Part of the fund, $15 million, is intended for Chinese students at the *prestigious Harvard University, according to the couple.
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