Listed on the Main Board of the Stock Exchange of Hong Kong Limited (stock code: 1371.HK)
 Home >> Lottery Industry Overview >> China Lottery Industry

Lottery is authorized and issued by the state, and sold to and purchased by players voluntarily, for the purpose of raising public welfare funds for society and facilitating the development of social community initiatives, with the lottery ticket as a proof to winning under certain regulations. Lottery does not return the principal to players or bear interest. The issuance, sales and drawing of lottery should follow the principles of Open, Fair, Just, Honest and Credible.

The State Council authorizes the issuance of Welfare and Sports lottery. No other lottery can be issued without the authorization of the State Council. No foreign lottery can be issued and sold within the People¡¯s Republic of China.

The Ministry of Finance of the State Council is responsible for the supervision and administration of the lotteries nationwide. The Ministry of Civil Affairs and the State General Administration of Sport of the State Council are responsible for the administration of welfare and sports lotteries nationwide respectively.

The Ministry of Civil Affairs and State General Administration of Sports of the State Council establish a welfare lottery issuance organization (China Welfare Lottery Issuance and Administration Centre*) and a sports lottery issuance organization (China Sports Lottery Administration Centre*), to be responsible for the issuance and sales of welfare and sports lotteries nationwide respectively.

The Finance authorities in the provinces, autonomous cities and municipalities are responsible for the supervision and administration of lotteries within their administration. The Civil Affairs authorities and the Sports Administration authorities in the provinces, autonomous cities and municipalities are responsible for the administration of welfare lotteries and sports lotteries within their administration respectively. The Civic Affairs authorities and the Sports Administration authorities in the provinces, autonomous cities and municipalities establish Welfare Lottery sales organizations Sports Lottery sales organizations to be responsible for the sales of welfare and sports lotteries within their administration respectively.


Source: "The Lottery Law" effective from 1 July 2009
*:CLS note

 
© 2022 Beijing CLS YingTong Technology Co.,Ltd.    All Rights Reserved