Tang Jun is not fazed by criticism of the motives behind his company setting up a 8.3 billion yuan foundation. His only worry: it might stop people who want to donate to charity.

Tang, president and CEO of the New Huadu Industrial Group, said that instead of being applauded, he has been asked if the New Huadu Foundation had been set up purely for charity, or if there was some secret agenda behind it.

"But we don't fear such questions," Tang said. "We are only worried because this might stop people who really want to donate to charity."