On July 8, the 2017 Conference on Overseas Chinese Pioneering and Developing in China (COCPDC) was held in Wuhan. Dr. Chanchai, Chairman of Reignwood Group, Executive Vice Chairman of China Overseas Chinese Entrepreneurs Association, addressed at the opening ceremony speech that, “Reignwood Culture Foundation has decided to invest 100 million RMB to set up a special fund, which will be used in exploring and promoting Hubei’s traditional Chinese medicine culture and Taoism regimen.”
At last year’s COCPDC, Dr. Chanchai made his promise that the company would protect Zhuxi county’s green mountains and clean water and spend ten years to build another Red Bull in Hubei Province. At this year’s conference, He said that, so far the first step to achieve this promise has been made. At the end of this year China Voss water will complete and put into operation its new operation site, providing employment to the local area and bringing benefit to 400 thousand people.
In Dr. Chanchai’s opinion, the key concept of the COCPDC lies in innovation. How to launch poverty reduction projects in an innovative way is the key issue he has been thinking about. Recently he has been discussing with insurance companies about public welfare insurance products, with an expectation to address the issue of “poverty caused by illness”.
At the conference, Dr. Chanchai advocated entrepreneurs to contribute their own efforts to reduce poverty, by investing in poor areas or starting business so as to bring employment and benefit to those areas.