THE ZUBIN FOUNDATION Improves the lives of Hong Kong’s ethnic minorities by reducing suffering and providing opportunities
Division 6, Financial Services Branch Financial Services and the Treasury Bureau 15/F, Queensway Government Offices 66 Queensway, Hong Kong 13th March, 2023
The Zubin Foundation’s Response to the Public Consultation on Regulation of Crowdfunding Activities 1. Introduction to The Zubin Foundation (TZF) 1.1. The Zubin Foundation (IR: 91/12344) is a registered charity committed to improving the lives of Hong Kong’s ethnic minorities by providing opportunities and reducing suffering. 1.2. We conduct outreach projects by providing training, counselling, and other well-being services to our service users, including managing the Call Mira helpline for women and girls and our scholarships programme Ethnic minority children and their parents are one of our key stakeholders, in particular, ethnic minority children in emotional distress, ethnic minority children with special educational needs and their parents, parents who lack parenting skills, parents and children who need immediate safety support, etc. 1.3. We have a team of 24 staff members including half working full-time and half working part-time. 1.4. Our major income sources are project grants and some come from individual and corporate donations. 1.5. We have experience in “donation-based crowdfunding” only and the following responses are drafted based on our experience in this type of crowdfunding: 2. Background 2.1. TZF agrees that setting legislation that protects the public interest in crowdfunding is important. 3. Specific Proposals on the Regulation of Crowdfunding Activities 3.1. Crowdfunding Affairs Office (CAO) 3.1.1. TZF welcomes the idea of setting up a centralised office to handle administrative, regulatory and monitoring crowdfunding-related activities. 3.1.2. TZF Recommendations 3.1.2.1.
Often for small charities like us, there is not enough
© 2022 The Zubin Mahtani Gidumal Foundation Limited (registered charity in Hong Kong - IR 91/12344). All rights reserved.
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