“The Accountability of Non-charitable Donation-based Crowdfunding Platforms in China“
Dejian Li and Hui Jing
Hong Kong Regulation Journal, Vol. 54, Half 1 of 2024, pp.231 – 252
Summary: Because of the broad utility of web instruments, non-charitable donation-based crowdfunding platforms (NDCPs) serving private requests for assist have been growing quickly in China. Nevertheless, as a result of lack of a particular regulatory framework for the administration of donation funds by NDCPs, dangers relating to the misuse of donation funds by useful objects and the mismanagement of donation funds by NDCPs have been often realised. To handle these dangers, Chinese language legislators intend to authorise the Ministry of Civil Affairs and associated departments to ascertain a systemic regulatory framework for NDCPs. In opposition to this backdrop, this text explores one particular query: What measures could be applied to make sure that NDCPs are held accountable for his or her administration of donation funds in China? That is the primary English-language article to discover this query within the Chinese language legislation context. First, it analyses the emergence of NDCPs in China and identifies the issues inherent within the administration of donation funds by these NDCPs. Second, it proposes a belief legislation framework to manage the administration of donation funds by NDCPs.
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