Charity Law goes into effect
China’s Charity Law, passed by national lawmakers in March, took effect on Thursday in a move to ease restrictions on the fundraising and operational activities of charity groups.
The law also includes strict regulations to prevent fraud and impose tighter supervision on the management of charity groups.
China had about 670,000 registered social organizations as of the end of June, including 5,038 foundations, according to the Ministry of Civil Affairs.
By the end of 2015, registered social organizations had received $9.12 billion in donations.
The law also promises tax benefits to encourage more enterprises and wealthy people to donate to charity projects.