"The Accountability of Non-charitable Donation-based Crowdfunding Platforms in China"
Dejian Li and Hui Jing
Hong Kong Law Journal, Vol. 54, Part 1 of 2024, pp.231 - 252
Abstract: Due to the wide application of internet tools, non-charitable donation-based crowdfunding platforms (NDCPs) serving personal requests for help have been developing rapidly in China. However, due to the lack of a specific regulatory framework for the administration of donation funds by NDCPs, risks regarding the misuse of donation funds by beneficial objects and the mismanagement of donation funds by NDCPs have been frequently realised. To address these risks, Chinese legislators intend to authorise the Ministry of Civil Affairs and related departments to establish a systemic regulatory framework for NDCPs. Against this backdrop, this article explores one specific question: What measures can be implemented to ensure that NDCPs are held accountable for their administration of donation funds in China? This is the first English-language article to explore this question in the Chinese law context. First, it analyses the emergence of NDCPs in China and identifies the problems inherent in the administration of donation funds by these NDCPs. Second, it proposes a trust law framework to regulate the administration of donation funds by NDCPs.
Please click here to view the full article on SSRN.
No comments:
Post a Comment