《21世纪》：慈善信托在"共同富裕"和"第三次分配"国家战略中的独特价值有哪些？ 蔡概还：党的二十大报告指出，分配制度是促进共同富裕的基础性制度。坚持按劳分配为主体、多种分 配方式并存，构建初次分配、再分配、第三次分配协调配套的制度体系。要引导、支持有意愿有能力的 企业、社会组织和个人积极参与公益慈善事业。 随着我国社会经济发展和人民收入水平提升，以公益慈善事业为主体的三次分配在推进共同富裕中的作 用将越来越显著。其中，慈善信托是我国公益慈善事业的重要组成部分，也是三次分配的重要新生力 量。发展慈善信托，将有利于我国慈善事业的高质量发展，助推第三次分配，助力共同富裕。 慈善信托的核心要义是慈善信托财产的本金和收益要全部用于公益事业。同时，2023年修正后的《慈善 法》增加一条规定，即第46条规定，慈善信托的委托人不得指定或者变相指定其利害关系人作为受益 人。慈善信托的受托人确定受益人，应当坚持公开、公平、公正的原则，不得指定或者变相指定受托人 及其工作人员的利害关系人作为受益人。 这意味着慈善信托具有与慈善捐赠一样的纯公益性，人们将自己合法所有的财产拿出来设立慈善信托， 就不能再将该财产拿回去，而通常须全部用 ...

Core Viewpoint - Charitable trusts are emerging as a new model that integrates financial tools with public welfare goals, playing a significant role in serving national strategies and adjusting income distribution in the context of promoting common prosperity and deepening financial supply-side reforms [1][2]. Group 1: Role of Charitable Trusts - Charitable trusts can effectively mobilize various social resources through professional asset management, addressing public needs in areas like green development and inclusive finance, while enhancing the credibility of financial services through transparency [3][4]. - The unique characteristics of charitable trusts allow for targeted service models that align with specific national strategies, such as rural revitalization and ecological protection [4]. - Charitable trusts enable sustainable operation of public welfare resources through mechanisms like "retaining principal and using interest," allowing funds to serve strategic goals over extended periods [4][5]. Group 2: Integration and Collaboration - Charitable trusts serve as a cross-sector platform that integrates resources from government, enterprises, and social organizations, creating synergistic effects that enhance the effectiveness of public welfare initiatives [4][6]. - The ability of state-owned enterprises (SOEs) to link industrial resources through charitable trusts is crucial for addressing imbalances in development and pooling donation resources [4][6]. Group 3: Transparency and Accountability - The structured operation of charitable trusts, including professional management and regular disclosures, ensures that funds are accurately aligned with specific national strategic goals, thereby enhancing public trust in charitable activities [5][6]. Group 4: Advantages and Challenges for State-Owned Enterprises - SOEs possess significant advantages in establishing charitable trusts due to their stable funding and resource integration capabilities, which can create large-scale public welfare funding pools [6][8]. - The public credibility of SOEs provides a natural endorsement for charitable trusts, facilitating trust from the government and the public [6][8]. - Challenges include regulatory complexities and a general lack of understanding of charitable trusts among the public and within SOEs, which can hinder effective collaboration and implementation [8][9]. Group 5: Motivation for Establishing Charitable Trusts - Policy incentives are a primary driver for SOEs to establish charitable trusts, as the government encourages the development of such trusts to support various social initiatives [9][10]. - The inherent responsibilities of SOEs to fulfill political and social obligations necessitate their involvement in charitable activities, with charitable trusts serving as a key mechanism for achieving these goals [9][10]. Group 6: Integration with Core Business - Charitable trusts can be integrated into the core operations of SOEs, leveraging industry advantages to create sustainable public welfare initiatives that align with business objectives [10]. - By embedding charitable projects within the entire energy industry chain, SOEs can address local community needs while simultaneously enhancing their operational footprint [10].

Core Viewpoint - The article discusses the innovative structure and practical challenges of charitable trusts, emphasizing the need for customized terms to meet diverse public welfare demands while balancing fund security and charitable effectiveness [1][4]. Group 1: Charitable Trust Structure Design - Charitable trusts can be designed with "customized terms" to address various public welfare needs, such as education, healthcare, and rural revitalization [4]. - The design allows clients to set the trust's name, purpose, decision-making model, beneficiary scope, fund usage, and duration, with regular disclosures to ensure public oversight [4]. Group 2: Investment Strategy - The primary focus of charitable trusts is on fund security, followed by liquidity and returns, with investments primarily in deposits, money market funds, cash management products, and high-rated bonds [4][8]. - The "leave the principal and use the interest" model is suggested for sustainable operations, ensuring that only investment returns are used for charitable expenditures [8]. Group 3: Challenges in Non-Monetary Charitable Trusts - The lack of a dedicated registration system for non-monetary assets like equity and real estate poses significant challenges for establishing charitable trusts [5]. - Current regulations require tax payments on non-monetary asset transfers, complicating the establishment of charitable trusts with such assets [5]. Group 4: Collaboration with Charitable Organizations - Charitable trusts and organizations complement each other, with trusts benefiting from the operational experience of established charitable organizations in project selection and management [6]. - Trust companies are encouraged to collaborate with reputable charitable organizations to enhance project execution efficiency [6]. Group 5: Fund Management and Supervision - Charitable trusts utilize unique advantages of the trust system, such as asset independence and flexible management, to ensure funds are used according to the trust agreement [7]. - Trust companies implement strict fund disbursement protocols, requiring project execution entities to provide complete documentation for fund usage [7]. Group 6: Regulatory Challenges - New regulations from the Ministry of Civil Affairs and the Financial Regulatory Bureau require charitable trusts to spend a minimum of 3%-6% of their net asset value annually, which may challenge the "leave the principal and use the interest" model [9]. - Trust companies must find financial products that meet return requirements while managing risks to ensure compliance with spending regulations [9]. Group 7: Innovative Practices by Kunlun Trust - Kunlun Trust has developed a wide range of charitable trust products addressing various social issues, including rural revitalization and community governance [10]. - The trust has established the first equity charitable trust registration case in the country and has launched several innovative charitable trust models [12].

Core Insights - The "Mei Mei Yu Gong · Guo Mei" public welfare platform project won the "Charity Project and Charity Trust Award" at the 8th "Zhejiang Charity Award" [1] - The project aims to guide a total funding scale of 1 billion yuan and has a century-long donation commitment, creating the largest charity trust case in the field of higher art education in China [1][3] Group 1: Project Overview - The project utilizes a dual-track innovative model of "family trust + charity trust" to support the construction of a common prosperity demonstration zone in Zhejiang [1] - The project name is inspired by Fei Xiaotong's concept of "each beauty its own, beautiful people together, beauty in harmony, and the world in unity," reflecting the vision of respecting wealth inheritance while promoting social welfare and art education [3] Group 2: Funding and Impact - The "Mei Mei Yu Gong · Guo Mei" charity trust was officially established on February 27, 2024, with an initial donation of over 2.15 million yuan aimed at supporting research, teaching, and social welfare projects related to the China Academy of Art [5] - The first funding focus is on the rescue and public publication of the diary of Xia Chengtao, a pioneer in modern Chinese lyric studies, which spans 70 years and is considered one of the longest scholarly diaries of the 20th century in China [5] Group 3: Future Outlook - The project aims to continue engaging various sectors to support art education and explore innovative development paths for higher art education foundations, contributing to spiritual prosperity and cultural revival [6]

Core Viewpoint - The recent launch of the "Five Advances" charity culture initiative by the Ministry of Civil Affairs and six other departments signifies a new opportunity for the development of charitable trusts in China, transitioning from niche to mainstream participation in philanthropy [1] Development of Charitable Trusts - Charitable trusts are evolving into a more efficient, transparent, and accessible tool for public welfare, with a total asset scale of approximately 972.67 million yuan and 2,542 registered charitable trusts as of September 2 [1] - Since the implementation of the new Charity Law, 606 charitable trusts have been registered, indicating a significant increase in activity [1] Diversification and Innovation - The development of charitable trusts has diversified, addressing various social issues such as poverty alleviation, education, and support for vulnerable groups, including women and the elderly [2][3] - Specific initiatives include the "Caring for Her" charitable trust focusing on women's empowerment and the "Moonlight" charitable trusts aiding impoverished students and elderly individuals [2] Integration with Social Needs - Charitable trusts are increasingly integrating with pressing social issues, such as the "Beijing Canal Foundation Trust," which aims to assist families with special needs in covering property tax costs [4] - This integration allows for more precise targeting of social needs, enhancing the effectiveness of charitable efforts [4] Regulatory Framework and Transparency - The new Charity Law has improved the regulatory framework for charitable trusts, enhancing transparency and public trust through third-party audits and evaluations [5][6] - Cities like Guangzhou and Hangzhou have established evaluation guidelines for charitable trusts, ensuring compliance and effective governance [6] Historical Context and Future Outlook - The evolution of charitable trusts in China has progressed from the first trust in 2008 to the recent amendments in the Charity Law, reflecting a shift towards market-oriented and socially responsible practices [7] - Despite existing challenges such as tax incentive details and asset valuation issues, the future of charitable trusts appears promising with ongoing policy improvements and increased societal engagement [7]

Core Viewpoint - Zhong Cheng Trust has been actively implementing charitable trusts to support various social welfare initiatives, focusing on education, rural revitalization, and community charity, thereby enhancing the well-being of the public and contributing to common prosperity [1][2][3][9][13] Group 1: Charitable Trust Initiatives - Zhong Cheng Trust has issued medical expense subsidies through the "Four Seasons Warm Heart Charity Trust," benefiting over 19,000 individuals in Shaoxing City, Zhejiang Province [1] - The company has established over 60 charitable trusts with a total registered scale exceeding 200 million yuan, covering 14 provinces and benefiting 460,000 people [1] - In 2023, Zhong Cheng Trust launched 20 new charitable trusts and conducted 37 assistance projects, with actual expenditures of 15.29 million yuan, benefiting 100,000 individuals [1] Group 2: Education Support - Zhong Cheng Trust emphasizes education as a key area for charitable trusts, launching various products like alumni charitable trusts and family charitable trusts to meet diverse needs [2] - The company has supported numerous educational initiatives, including assistance for underprivileged students and rewards for outstanding teachers and students, impacting over 4,800 individuals across all education levels [5][6] - Specific projects include the "Jinmu Group Charity Trust," which funded 91 students and teachers in Changchun, enhancing educational quality [2] Group 3: Rural Revitalization - Since 2019, Zhong Cheng Trust has been exploring unique paths for charitable trusts to empower rural revitalization, notably through the "Hezheng Rural Revitalization Charity Trust" [6] - This project has provided assistance to over 700 struggling families, effectively reducing medical burdens and preventing poverty due to illness [6][8] - The company has also initiated the "Hengyu Construction Group Charity Trust" to support rural revitalization projects in Anhui Province, with an initial scale of 1 million yuan [8] Group 4: Community Charity - Zhong Cheng Trust has established over 20 community charitable trusts, focusing on grassroots governance and addressing community needs [9][12] - Initiatives include the "Shared Happiness Charity Trust" in Wenzhou, which supports meal programs for elderly and disadvantaged individuals [10] - The company has implemented targeted programs for vulnerable groups, such as the "Guardianship Star Action" for children with autism, enhancing community welfare [10][12]

Core Viewpoint - The article emphasizes the growing importance of charitable trusts in connecting financial capital with social welfare, particularly in the context of high-quality development and common prosperity in China [2] Summary by Sections Introduction: The Mission of Charitable Trusts - Charitable trusts are highlighted as crucial tools for social value creation, with a total of 2,244 registered cases and a cumulative scale of 8.507 billion yuan as of 2024, indicating a significant structural gap in emergency disaster relief [2] Case Core Innovation: Breakthrough in Institutional Design - The introduction of the first national notarization mechanism for charitable trusts enhances credibility and transparency, with the Hangzhou Internet Notary Office overseeing fund usage and donation processes [3] - The "Trust Company + Charitable Organization" dual-drive model allows for efficient asset management and rapid feedback on needs, effectively raising over 6.5 million yuan during extreme weather events in 2022 [3][4] Paradigm Value and Social Effectiveness of Emergency Disaster Relief Charitable Trusts - The "Shan Quan No. 5" trust addresses traditional disaster relief issues by establishing a rapid response mechanism, ensuring timely fund allocation within three days after disasters [4] - It also promotes rational resource allocation, with 20% of funds directed towards disaster prevention research, enhancing long-term disaster management capabilities [4][5] Industry Insights: Advancement Directions for Charitable Trusts - The notarization model can be expanded to include other professional institutions, creating a "three-way check" mechanism to enhance oversight [6] - Establishing standardized emergency response processes can improve efficiency in disaster management [7] Ecosystem Expansion Strategy - Collaboration with local governments, enterprises, and high-net-worth individuals can enhance the effectiveness of charitable trusts, integrating them into broader emergency management frameworks [8] Conclusion: From Tool Innovation to Civilizational Construction - The article concludes that transparency and credibility are vital for the sustainability of charitable trusts, which can become a backbone of "good finance" through innovative mechanisms and collaborative ecosystems [9]

Core Viewpoint - Shenzhen has established an innovative ecological environment public welfare fund, which serves as a mechanism to fill gaps in environmental protection and promote sustainable management of ecological restoration funds [1][2]. Group 1: Fund Establishment and Management - The Shenzhen Special Economic Zone Ecological Environment Public Welfare Fund was established in May 2021, guided by the Shenzhen Civil Affairs Bureau and managed through charitable trust [2]. - The fund receives compensation for environmental damage, restoration funds, and donations from the public, ensuring transparent and sustainable management [2]. - As of March 2025, the fund has received over 14.7 million yuan in donations and litigation compensation from various sectors [2]. Group 2: Fund Mission and Community Engagement - The fund's mission extends beyond post-disaster recovery to fostering community co-creation and shared responsibility for environmental protection [3]. - Initiatives like the "Green Beautiful Shenzhen" project and the ancient tree nurturing plan aim to engage the public and provide long-term support for ecological restoration [3]. - The fund represents a significant advancement in legal and charitable integration for environmental protection, being the first in the country to manage an ecological fund through charitable trust [3].

Core Insights - The Ministry of Civil Affairs released the "2024 Civil Affairs Development Statistical Bulletin," highlighting significant growth in China's charity sector, with total donations reaching 129.79 billion yuan and a notable increase in charitable trusts and lottery sales [1][2]. Group 1: Donation Trends - The report indicates that the focus of donations has shifted towards education and healthcare, with education donations accounting for 62% and healthcare for 21% of total donations [2]. - Major corporations are leading the donation trend, with 33 instances of single donations exceeding 100 million yuan, totaling 12.7 billion yuan [2]. - Innovative donation methods are emerging, with equity donations making up 28% and service donations 12% of total contributions [3]. Group 2: Charitable Trusts - The number and scale of charitable trusts have reached record highs, with 539 new trusts established in 2024, totaling 1.661 billion yuan [4]. - Charitable trusts are increasingly diverse, with 58% of new trusts initiated by charitable organizations and over 30% by state-owned enterprises [4][5]. - The types of assets used for charitable trusts are expanding beyond cash to include equity, real estate, and intellectual property [4]. Group 3: Regulatory Environment - Recent regulations from the Ministry of Civil Affairs and the Financial Regulatory Bureau aim to enhance the management and efficiency of charitable trusts, promoting long-term and diversified funding sources [6]. - The implementation of the revised Charity Law and related regulations is expected to strengthen the legal framework for charitable activities [6]. - Increased regulatory scrutiny has led to the investigation of nearly 8,000 cases of illegal activities by social organizations, enhancing transparency in online donation platforms [7].

Core Viewpoint - The establishment of the "Beijing Grand Canal Charity Trust" aims to provide sustainable support for families with special needs through real estate trusts, addressing the tax burdens associated with trust setup and enhancing the welfare of vulnerable groups in Beijing [1][2]. Group 1: Project Overview - The "Beijing Grand Canal Charity Trust" was established under the guidance of the Tongzhou District government and is managed by Huabao Trust, focusing on providing financial support for families with special needs [1]. - The project aims to subsidize the deed tax costs for eligible families in Beijing, with a maximum subsidy of 20,000 yuan per household, promoting the establishment of real estate trusts [1][2]. Group 2: Market Implications - The project represents an innovative model under the reform of trust business classification, combining lifelong care for special groups with charity trust structures [2]. - It addresses practical challenges such as deed tax, thereby lowering the costs for families setting up real estate trusts, and aims to create a sustainable financial solution for elderly care [2]. Group 3: Trust Mechanism - Unlike traditional charity trusts that focus on donation, this project utilizes the independent nature of trust assets to direct funds specifically for tax subsidies, creating a closed-loop mechanism of funding, establishment, and operation [2]. - The design of the project highlights the flexibility of trust tools, integrating various needs such as special needs trusts, real estate trusts, and charity trusts into a cohesive framework [2].