Abstract
The Third Plenary Session of the 18th National Congress of the CPC expressly put forward to encourage financial innovations and develop non-governmental banks. Over a long time, foundations in China have neither got any explicit recognition, nor regulation for their financial activities. Therefore, their modes for risk control and earnings are restricted within the bounds of relaxation and restriction. For a long time, there are many problems with social welfare enterprises, such as unclear definitions of the nature of financial institutions, obscure rules for foundations that engage in financial activities and incomplete ecological chain in public fields.
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Wang, M. (2017). NGO Innovations: Conceptions and Recommendations on Bank of Public Interests. In: Wang, M. (eds) A Discussion on Chinese Road of NGOs. Research Series on the Chinese Dream and China’s Development Path. Springer, Singapore. https://doi.org/10.1007/978-981-10-3404-6_19
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DOI: https://doi.org/10.1007/978-981-10-3404-6_19
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