Core Viewpoint - The new Charity Law in China, effective from September 5, 2024, marks a significant milestone for charitable trusts, enhancing their regulatory framework and promoting their recognition as a mature financial tool with social benefits [1][4]. Summary by Relevant Sections Development of Charity Trusts - Charity trusts in China have seen rapid growth, with over 2,550 registered trusts and a total scale exceeding 9.82 billion yuan as of September 9, 2025, representing a 10.7-fold increase from 840 million yuan in 2017 [1][5]. - The establishment of the Charity Law in 2016 laid the foundation for charity trusts, defining them as public welfare trusts managed by trustees according to the grantor's intentions [2][3]. Regulatory Framework - Recent regulations have clarified the annual expenditure and management fees for charity trusts, ensuring a minimum spending requirement and capping management costs [4][5]. - The classification of trust businesses has been refined, emphasizing the importance of charity trusts within the broader trust industry [4]. Asset Diversification and Innovation - Charity trusts are diversifying their asset types from cash to include equities and real estate, enhancing their operational capabilities for long-term funding and project-based initiatives [5][6]. - Various regions, including Beijing, Shanghai, and Hangzhou, are piloting innovative registration systems for equity charity trusts, indicating a trend towards more complex asset management [5][6]. Sector Expansion - The scope of charity trusts has expanded beyond traditional areas like education and poverty alleviation to include rural revitalization and ecological protection [7][8]. - Notable initiatives include the establishment of charity trusts focused on environmental conservation and community support, demonstrating the versatility of charity trusts in addressing diverse social issues [7][8]. Recommendations for Improvement - Industry experts suggest enhancing the integration of registration and filing processes for charity trusts to improve their operational efficiency and social impact [9][10]. - There is a call for the development of a comprehensive charity trust database to facilitate better management and collaboration among stakeholders, including trust companies and charitable organizations [9][10].

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]