Philanthropist digs in his pockets to show gratitude to Taiwan

BEIJING - A famous mainland philanthropist arrived for a charity tour of Taiwan on Wednesday, saying his purpose was to "reciprocate to the Taiwan people", not to show off his wealth.

Chen Guangbiao, 43, one of China's richest men, told China Daily he will visit eight counties to give hongbao - traditional red packets of gift money - to disadvantaged families to express gratitude to the island for its help to the mainland in natural disasters.

"Out of respects for local customs, the governments of three counties will help hand out the money to the unprivileged families, I will give the hongbao directly to the people in need in other areas," Chen said.