Results of Fair Wealth Evaluation

This chapter presents the detailed results of fair wealth evaluation in 2019, the third year of fair wealth evaluation. In 2019, fair wealth evaluation covered A-share enterprises listed on main boards of the Shanghai and Shenzhen Stock Exchanges, enterpr

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Fair Wealth Annual Report 2019

Fair Wealth Annual Report 2019

Fair Wealth Project Group

Fair Wealth Annual Report 2019

123

Fair Wealth Project Group School of Management Fudan University Shanghai, China

ISBN 978-981-15-7788-8 ISBN 978-981-15-7789-5 https://doi.org/10.1007/978-981-15-7789-5

(eBook)

Jointly published with Fudan University Press The print edition is not for sale in China (Mainland). Customers from China (Mainland) please order the print book from: Fudan University Press. © Fudan University Press 2021 This work is subject to copyright. All rights are reserved by the Publishers, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publishers remain neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

Preface

This book is the 2019 Fair Wealth Annual Report, the second consecutive publication in the Fair Wealth Annual Report series. Fair wealth advocates the belief that ‘a man attains his monetary aspirations through honorable means, uses it with virtue, and passes it with sincerity’. It recognizes and encourages enterprises to pursue and accumulate wealth, but puts greater emphasis on the belief that enterprises should abide by the rule of ‘attaining monetary aspirations through honorable means and then using it with virtue’. At the same time, fair wealth also appeals to the society to respect the wealth and wealth owners who have complied with the above rules and to let them enjoy the rights of wealth inheritance and accumulation with sincerity and without breaking rules. Enterprises are the main carriers of innovation in contemporary society. The development and governance quality of enterprises in a region demonstrates its economic development, innovation ability and prosperity, as well as reflects the region’s emphasis on business ethics, legal environment and environmental protection. T