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China firm sets up filial piety fund, gives US$340 to parents of staff every year to encourage respect for elders

  • Total of US$366,000 distributed to 1,000 employees every year
  • Annual practice draws on 3,600-year-old Confucian value system

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A company in China is doing its best to promote traditional family values by gifting US$340 each year to the parents of its staff from a “filial piety fund”. Photo: SCMP composite/Shutterstock/Douyin
Fran Luin Beijing

A company in China has set up a special fund to distribute 2,400 yuan (US$340) to the parents of its employees every year, highlighting the tradition of filial piety.

The jewellery firm, Mengjinyuan, from eastern China’s Shandong province, held an annual ceremony on January 12 to mark the event.

A total of 2.6 million yuan (US$366,000) was distributed to more than 1,000 members of staff, who passed the money on to their parents, who were also invited to the ceremony.

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For the parents who did not attend the event, the company directly transferred the money into their bank accounts.

One staff member’s father said he was “excited” to receive the money.

In total, more than two million yuan was handed out to the parents of company staff this year. Photo: Douyin
In total, more than two million yuan was handed out to the parents of company staff this year. Photo: Douyin

The company’s boss, Wang Zhongshan, said the fund was set up 11 years ago in the hope that it would encourage employees to appreciate their parents and inspire filial piety.

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