China’s State Council Publishes Revised Regulations on Foundations, Effective 2027

The significance lies less in the foundation sector itself than in the compliance template: a full statutory rewrite with a long lead-in gives institutions time to restructure governance and disclosure before the rules bite. Foundations and their donors, plus the intermediaries that service them, are the directly affected group. The open question is whether the credibility and disclosure emphasis extends to how foundations hold and report assets, which would matter for any blockchain-based charitable or RWA-adjacent structures. Watch the implementing guidance rather than the decree.