Related News
Government wants charities to disclose finances
By Jane Chen |
August 14, 2009, Friday
|
Online Edition
Online Edition
CHINA'S Ministry of Civil Affairs is drafting a rule to regulate financial disclosure of charities, today's The Beijing News quoted a ministry official as saying.
Liu Youping, vice dean of the ministry's China Charity Donation Information Center, told the newspaper the center is researching the issue to help draft the rule.
Liu declined to disclose more details.
Yesterday the center published a report on the financial disclosure of charities.
The report said only 12 of the 28 organizations licensed to receive donations for the May 12 earthquake had published their financial status on their Websites, including donations and payments.
Only 29 of the 82 national charity organizations, including China Charity Federation and Chinese Red Cross Foundation, published their yearly financial reports on their Websites. Six organizations have no Websites at all.
Charity organizations have come under fire recently for their concealed financial status after research indicated nearly 80 percent of the donations for the May 12 earthquake had gone into the governments' accounts, becoming a new government revenue source after taxes.
The half-year research, by scholars from Tsinghua University's economic management school, concluded 7.6 billion yuan (US$1.11 billion) had been donated nationwide for the earthquake.
Nearly 60 percent was directly sent to governments, and about 30 percent was donated to public charity organizations including the Red Cross, but finally handed over to governments.
Liu Youping, vice dean of the ministry's China Charity Donation Information Center, told the newspaper the center is researching the issue to help draft the rule.
Liu declined to disclose more details.
Yesterday the center published a report on the financial disclosure of charities.
The report said only 12 of the 28 organizations licensed to receive donations for the May 12 earthquake had published their financial status on their Websites, including donations and payments.
Only 29 of the 82 national charity organizations, including China Charity Federation and Chinese Red Cross Foundation, published their yearly financial reports on their Websites. Six organizations have no Websites at all.
Charity organizations have come under fire recently for their concealed financial status after research indicated nearly 80 percent of the donations for the May 12 earthquake had gone into the governments' accounts, becoming a new government revenue source after taxes.
The half-year research, by scholars from Tsinghua University's economic management school, concluded 7.6 billion yuan (US$1.11 billion) had been donated nationwide for the earthquake.
Nearly 60 percent was directly sent to governments, and about 30 percent was donated to public charity organizations including the Red Cross, but finally handed over to governments.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
