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China needs more innovation in philanthropy - and more talent needs to be attracted to tackle the problems that need solving. Li Yinuo, director of the China office of the Bill and Melinda Gates Foundation, said that philanthropy was the most challenging sector for innovation, as there were a large number of problems that people did not know how to solve. Li was speaking at a philanthropy forum held by the Cheung Kong Graduate School of Business (CKGSB) on April 7 in Beijing. She said that, even inside the industry, it was easy to feel like an outsider as new situations were always arising. Tang Chunxia, secretary general of the Shenzhen Cheung Kong Graduate School of Business Education Development Foundation, said that a lack of talent was a problem for the philanthropy sector. At present about 56.5 percent of full-time employees in the philanthropy industry earned salaries lower than the average for China, with about 15.2 percent on a monthly income of less than 2,000 yuan (0) and 27.3 percent on less than 3,000 yuan. "Doing philanthropy in a good way is not easy but this industry has a great shortage of talent, so we need to work on how to improve the situation," she said. Hundreds of alumni participated in the forum, sharing their thoughts on philanthropy. Xiang Bing, founding dean and professor of China business and globalization at CKGSB, said that philanthropy was a requirement for Executive Master of Business Administration students at the school, each being required to make six-day philanthropy contribution before graduating. In 2016, the EMBA students at the CKGSB held 69 philanthropic events and contributed 16,883 hours to philanthropy. CKGSB was also was the first to set up a philanthropic foundation, which had raised about 60 million yuan by the end of 2016. It carries out hundreds of projects in such areas as education, poverty alleviation and disaster relief.
China should contribute more to the global headquarters economy. The continuity and stability of policies are much valued, so that China could strengthen the implementation of the opening-up policy to attract more corporate headquarters to China.
China will continue to conduct bilateral and multilateral exchanges and cooperation with all member states, especially developing countries, on fighting terrorism and organized crime, the Chinese ambassador said, adding that China will do its utmost to provide material assistance to countries concerned in a joint endeavor to maintain regional and global peace and stability.
China started a pilot program for non-performing asset securitization in 2016, allowing five State-owned banks and China Merchants Bank to repackage non-performing assets into securities to meet the demand of investors with different risk preferences.
China set up a nationwide database to help enforce court orders in 2014. The database is connected to banks and other agencies to monitor the properties of those subject to the enforcement of court orders, including deposits in bank accounts and online accounts, real estate, vehicles and stocks.