(XINHUA)

Xu Jiayin, Board Chairman of Evergrande Real Estate Group, ranked first on the 2012 China Charity List in the Chinese version of Forbes magazine. Xu donated 387.9 million yuan ($61.56 million) in 2011.

In May 2011, Xu donated 245 million yuan ($38.88 million) to mountainous areas in the northern part of Guangzhou, Guangdong Province. In June 2011, Xu donated 18 million yuan ($2.86 million) to improve people's livelihood in the city of Qingyuan in Guangdong Province.

Xu, 54, founded Evergrande in 1997 and turned it into China's leading property developer. In 2011, it sold a total of 12.2 million square meters of homes nationwide, the highest in China and a 54.7 percent year-on-year increase. The total sales revenue of Evergrande stood at 80.3 billion yuan ($12.74 billion).