The Seminar on equity donation held in Shanghai
2017-08-03
How did the first public offering foundation in the mainland of China accept equity donations? What are the challenges and changes that donations give to a recipient foundation? What new problems will be encountered in the exploration of equity donation? On the occasion of the first anniversary of the implementation of the Charity Law, the seminar on equity donation, co - sponsored by the Shanghai Soong Ching Ling Foundation and the China Foundations Center, was held at the Astor Hotel in Shanghai on the morning of August 2, 2017. More than 50 people including experts and scholars from Beijing and Shanghai in public welfare industry and legal sector and relevant government department leaders gathered to share the experience of the Shanghai Soong Ching Ling Foundation’s arduous exploration and harvest joy in the past six years, and have an in-deep discussion on the actual operation of equity donations, risk supervision, development trends and impacts on charitable undertakings.  
 
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A panoramic view of the seminar
 
 

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The executive vice chairman of the China Foundations Center Mr. Cheng Gang chairs the meeting

 

Mr. Mao Jingquan, SSCLF’s vice chairman makes welcome speech at the seminar

 

In 2011, SSCLF accepted 97.5% of equity donated by Mr. Gao Yang, chairman of Shanghai Zhongjing Industrial (Group) Co., Ltd., set up a special fund for public welfare projects, and became the first "crab-eating person" to accept equity donations in domestic public offering foundations. Since domestic equity donation was not very clear legally before the implementation of charity law on September 1, 2016, the equity donation can only “cross rivers by feeling the stones”, and the operation and supervision after donation also faced many challenges. It is under the guidance of government departments at all levels that both sides follow the relevant policies of the State, firmly rely on social forces, boldly explore and proceed cautiously.  

 

 

 Ms. Zou Wei, SSCLF’s executive vice chairman, makes a keynote report

 

In six years of practice, the foundation has passed every step with laws, regulations and policies as the yardstick, based on the foundation’s constitution, strengthening risk control as the focus, always adhering to public welfare, openness, credibility with strong sense of mission and high sense of responsibility. For the past six years of operation, equity donation has played a positive role. Shanghai Zhongjing Industrial (Group) Co., Ltd. business has been booming and corporate social responsibility has highlighted. The Shanghai Soong Ching Ling Foundation, which has gone through more than 30 - year history, optimized the capital structure, made the sources of fund more diverse, stable and sustainable, completed many large - scale, exploratory and sustainable public welfare projects, and promoted the long-term sustainable development of philanthropy.

 
At the seminar, the experts and scholars fully affirmed the positive significance of equity donation to the development of public welfare undertakings, and made many insightful comments on the innovation of regulatory structure, the enhancement of information openness and the improvement of laws and regulations.

 

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Legal expert Mr. Yu Jianwei gave a speech

 

Lecture made by Mr. Chen Naiwei, executive director of Senior Law School, Fudan University

 

 

Lecture made by Mr. Lu Hanlong, senior researcher, National Think Tank, Shanghai Academy of Social Sciences

 

 

Lecture made by Ms. Jin Jinping, director of the Non-Profit Organization Law Research Center, Law School, Beijing University

 

 

Exchange and sharing made by Mr. Cheng Zhiqiang, director of Asset Supervision and Management Committee, Shanghai Soong Ching Ling Foundation

 

Exchange and sharing made by Mr. Zhu Chenggang, vice director, Xuhui district government

 

Exchange and sharing made by Mr. Wang Zhengmin, vice president of Shanghai Social Organization Evaluation Institute

 

 

Exchange and sharing made by Mr. Hu Zengqi, deputy secretary general of Shanghai Charitable Foundation