The social impact of the philanthropy sector in China has grown considerably in the past 10 years, with the number of foundations rising to over 5,000.
Today, 90 per cent of foundations publish their annual report, project and other information in accordance with the 2004 administration regulation requirement for foundations. This improvement in the transparency of Chinese foundations has increased public trust and attracted more attention to the sector.
The Charity Law of the People’s Republic of China (China Charity Law) came into force on 1 September 2016.
Designed to promote the culture of charity and standardize charitable activities, it is the first special law for the philanthropy sector and lifts transparency to a much higher level.