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Guantao Law Firm advises with the launch of the annual biggest charitable fund in education - China Fortune Trust “Tongxin Shanxing”

On 27 December 2022, China Fortune Trust’s first charitable trust – China Fortune Trust 2022 Tongxin Shanxing No. 1 Charitable Trust for Creative and Enjoyable Education was registered at Beijing Municipal Civil Affairs Bureau. This trust is the biggest charitable trust in education sector registered in China. With China Fortune Trust as the trustee, the registration size of the trust is 200 million yuan with a term of 20 years. The trust property will be donated for charitable programs in the education sector, including establishing schools, excellent teachers programs and outstanding students program, which will help promote education reform and conduction, and develop high-quality and characteristic education. 

The establishment of this trust is in line with the principle “finance for the wellbeing of the public”, an attempt to build the ecosystem of finance and charity, as well as realize the social values of wealth. This  project was greatly supported by the Civil Affairs Bureau. 

Guantao Law Firm advised the client on this charitable trust. Attorney LIU Dagang, partner of the firm, and attorney XU Siqi worked for the client with full-process, efficient and high-quality legal service.