China (CN)

Jurisdiction Overview

IDQuestionAnswer
234 *Are Private Foundations available? No
 Data Date: 2019

Notes

 
The Global Forum reports: "Foundations in China are non-profit legal persons established for public welfare purposes (Art 2). [...]. Foundations are non-profit organisations set up for charitable purposes that are highly monitored by government authority" (GF 2013: 50, 54). Moreover, in 2019, the FATF only refers to foundations as non-profit organisations.

Sources

GF 2013: 50, 54
 
FATF 2019: 197-200