Bill Gates and Warren Buffett at the charity banquet.

Bill Gates and Warren Buffett met Wednesday with 50 businessmen and philanthropists in China to share their own experiences with and enthusiasm for philanthropy, said a statement from the Bill and Melinda Gates Foundation Beijing Representative Office.

"The meeting was a complete success," the press release quoted Buffett as saying after the meeting.

The meeting, co-organized by the Bill and Melinda Gates Foundation and the Sun Culture Foundation (SCF), was presided over by SCF Chairwoman Yang Lan. It took place at the Chateau Laffitte Hotel.

A reception dinner was held after the 90-minute meeting.

"Our hopes for this meeting were to learn about giving in China, and share our own views," said Buffett, chairman of Berkshire Hathaway, according to the press release. "By any measure, it was a tremendous success. We had a terrific exchange of views, and learned a great deal about the good work that is already underway."