(Yicai Global) Sept. 5 -- China's Ministry of Civil Affairs has unveiled a national charity information disclosure platform that contains real-time information about more than 2,000 philanthropic organizations, with the total value of their charitable trust contracts totaling almost USD130 million (CNY860 million).

Developed per the information disclosure requirements of the Charity Law, the platform provides a venue for charity organizations, charity trustees and other participants to disclose relevant information to the public, the state-run Xinhua news agency reported yesterday.

The civil affairs ministry will compile statistics on local charities, donations and charitable trusts and conduct performance appraisal based on information the platform records. Organizations failing to comply with information disclosure or information transparency rules will be subject to legal sanctions.

Publicizing information on charitable organizations will help the public gain a clearer understanding of their workings and allow participation in charity events and supervision of these organizations.

The ministry will in future solicit the public opinions of the public -- especially of donors -- about information published on the platform, improvements to the webpage layout, content maintenance and external customer service to promote a culture of charity, and submit to supervision by and field queries from the media and public.

Enacted last Sept. 1, the Charity Law has ushered in a comprehensive regulatory system that encompasses government regulation, public supervision and self-discipline among charities.