Core Insights - Charitable trusts are emerging as an innovative philanthropic method, showcasing advantages over traditional donations such as operational transparency, asset independence, and flexible management [1][4] - As of October 15, there are 2,582 registered charitable trusts in China, with a total asset scale of 9.876 billion [1] - The China Trust Industry Association projects that by the end of 2024, the cumulative number of registered charitable trusts will reach 2,244, with a total asset scale of 8.507 billion [1] Summary by Sections Charitable Trusts Growth - In 2024, 539 new charitable trusts were registered, an increase of 85 from the previous year, representing a year-on-year growth of 18.72% [1] - The new asset scale for 2024 is projected to be 1.661 billion, an increase of 384 million from the previous year, reflecting a year-on-year growth of 30.07% [1] Focus Areas of Charitable Trusts - The trust industry is expanding the application of charitable trusts, focusing on grassroots community development, traditional cultural heritage, rare diseases, and elderly healthcare [1] - For instance, the "Wenrun Dongcheng" charitable trust project by Yingda Trust aims to promote the transmission of traditional Chinese culture and support cultural heritage protection in Beijing [1] New Initiatives and Regulations - The establishment of the "China Trust - Greater Bay Area Youth Red Gene Charitable Trust" by China Resources Trust focuses on red culture protection and youth patriotism education [2] - The trust industry is diversifying asset types, including non-cash assets like artworks and equity, to enhance participation in public welfare [3] - New regulations for charitable trusts, including the registration of equity-based charitable trusts, are being implemented to facilitate social capital involvement in philanthropy [3] Transparency and Accountability - The revised Charity Law of the People's Republic of China emphasizes the importance of transparency and accountability in charitable trusts, mandating timely reporting and information disclosure [4] - The new Charity Organization Information Disclosure Measures, effective January 1, 2026, require charitable organizations to publicly disclose trust details within 30 days of establishment [5] - Industry experts stress that transparency in fund management is crucial for building trust and ensuring that donations are effectively utilized [6]