Wealthy wary of grand giveaways

Efforts to tap rich Chinese resources for charity are being hampered by attitudes and red tape, experts tell Qian Yanfeng in Shanghai.

China boasts more billionaires than anywhere else in the world, according to the 2010 China Rich List.

The de facto who's who of Chinese business, which is compiled and analyzed by Hurun Report, puts the number of people with a wealth of $1 billion or more at "between 400 and 500", surpassing even the United States.