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Chinese charities disclose information from Sept.

Chinese charity organizations should provide factual information to the public in a complete and timely manner starting from Sept. 1, according to a regulation issued by China's Ministry of Civil Affairs.

Information required to be disclosed includes charity groups' yearly work and financial accounting reports, major asset changes, transactions and investments, public funding, and other charity projects, said the rule.

Charities that fail to disclose information in a timely manner or disclose false information can be reported to civil affairs authorities by any organization or individual, the regulation said.

The Charity Law, on which the new regulation is based, took effect on Sept. 1, 2016, and stipulates that charity groups in China must disclose information to the public.

Source:Xinhua  Editor:Lucky

(Source_title:Chinese charities disclose information from Sept.)