China foundation for poverty alleviation 1. The foundation may raise funds from enterprises, institutions, social organizations, other organizations and individuals at home and abroad who are enthusiastic about its activities, but it must be voluntary by donors and apportionment is strictly prohibited. 2, the leading members of the foundation, shall not be served by the current government staff. Foundations shall practise democratic management, establish a strict system for raising, managing and using funds, and regularly publish revenue and expenditure accounts. 3. The funds of the Foundation shall be used to finance activities and undertakings in line with its purposes, and shall not be used for other purposes. The foundation shall not operate and manage enterprises. 4. The foundation may deposit its funds in financial institutions to collect interest, or purchase securities such as bonds and stocks, but the amount of shares purchased by the foundation shall not exceed 20% of the total shares of the enterprise. 5. The Foundation has the right to supervise the recipients' use of the funded funds. If it is found that the funds are not used according to the original agreement, the foundation has the right to reduce, stop or recover the funded funds. 6. The salaries and office expenses of the staff of the Foundation shall be paid from the income such as interest of the Fund. 7. Foreign exchange donated by foreign countries to the Foundation belongs to the Foundation, and it is allowed to open a foreign exchange deposit account. Materials donated by foreign countries to the Foundation are exempt from customs duties and belong to the Foundation. The foundation has the right to transfer it as a grant to other units or individuals related to its purpose free of charge, but it may not be sold. 8. The establishment of a foundation shall be reported to the People's Bank for approval by the centralized management department, and the civil affairs department shall register and issue a license. Only after having the qualification of legal person can business activities be carried out. The National Foundation shall report to the People's Bank of China for examination and approval, apply to the Ministry of Civil Affairs for registration, and file with the State Council. Local foundations shall be submitted to the branches of the People's Bank of China in provinces, autonomous regions and municipalities directly under the Central Government for examination and approval, and shall apply to the civil affairs departments of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government for registration. The change of name, merger or cancellation of a foundation shall be handled in accordance with the procedures for applying for establishment. 9. The Foundation shall report its financial revenue and expenditure and activities to the People's Bank of China and the civil affairs department every year, and accept the supervision of the People's Bank of China and the civil affairs department. When the activities of the Foundation violate the above provisions, the People's Bank of China has the right to stop payment, freeze funds and order rectification, and the civil affairs department has the right to give a warning and revoke the license. 10, the above measures are jointly implemented by the People's Bank of China and the Ministry of Civil Affairs, and corresponding implementation rules can be formulated.