The Boyuan Foundation is a Chinese think tank created in 2007 with the ambition to promote political and economic liberal reforms in China. In 2012, a prominent Beijing-based western journalist wrote that the "Boyuan Foundation exists almost entirely under the radar but may well be the most ambitious, radical and consequential independent panel of advisers in China."[1] In 2014, at a time when it was already paring down its operations, it was described by The Economist as "closely connected to the families of some top leaders and to elite players in the financial system".[2] It has had little if any observable activity in subsequent years.