CHINA China asks charity organizations to publicize fundraising info

CHINA

China asks charity organizations to publicize fundraising info

Global Times

03:04, December 15, 2017

Image result for Ministry of Civil Affairs (MCA)

Charity organizations in China must make certain types of information public, according to a draft regulation released by the Ministry of Civil Affairs (MCA) Thursday for public consultation. 

The information will include the organization's basic information, yearly work and financial accounting reports, funding information, projects and major transactions. 

The draft also stipulates on stricter supervision of organizations that are allowed to raise funds. They must make public the posts and salaries of their five highest-paid staff, as well as details of the organizations' expenses. 

Within three months of a public fund-raising event, organizations should make their revenues public, including how they have used funds, and plans for unused income. 

For any organization that does not follow the rules, any unit or individual can report to civil affairs departments, which will question the organization about the issue or make punishment according to China's charity law, according to the draft.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue