Foreword Ⅱ

Discovering “SV 99” in China (2018) is delivered as expected.

Since the debut of the Discovering “SV 99” in China report in 2017, I have been looking forward to this year’s edition in excitement even anxiety. I could not help asking people around. Does it go well with private sector? Does it create any value to policy makers? Does it live up to our expectations? I am aware that Discovering “SV 99” in China, as an offspring of disruptive social innovation, is born with big vision-to change notion of mainstream players in market, or to change change-makers.

The 2018 edition of Discovering “SV 99” in China goes live thanks to the joint efforts of the CASVI team and a group of pro bono experts. This report speaks aloud for two things: (i) 69 of the 99 companies in the SV 99 ranking in 2018 remain same as 2017; and (ii) the SV 99 companies demonstrated an even better performance in terms of stock investment return than last year. To certain extent, above conclusion in the report reveals a positive correlation of risk, return and impact. An entity with better social and environmental impact, probability goes high with better risk control and profit growth.

Warren Buffett once said that as an investor, it is wise to “be fearful when others are greedy and greedy when others are fearful”, which strikes many investors as counterintuitive. However, I believe that only when the economy or market comes under downward pressure can the value of a company be manifested. Value-creation companies, as referred by Mr. Buffett, are especially desirable in gloomy economic circumstances, to shore up investors’ confidence and exemplify sustainable ways to thrive for other market players. In an era of pursuing SDGs, the SV 99, as creators of total factor value in economic, social and environmental concerns, stand for drivers of sustainable growth in the market force.

Therefore, I would like to extend my heartfelt thanks to the “SV 99” project team once again, and I am looking forward to watching the report exert a great impact, beginning from China.

Ping WANG

Founding Chair, CASVI

Founder and Chair of the Board

YouChange China Social Entrepreneur Foundation