According to the AIIB, the objective of the project is to improve essential social services in the less-developed areas of China through support of Haier's lease program to relevant firms.
The project will provide funding for social infrastructure investments which improve access to essential social services, including healthcare and education, in rural and less developed areas of China. This will be achieved through AIIB's investment of up to USD100 million into a social bond program by Haier Financial Services, who will provide lease finance to relevant firms for the individual social projects.
Haier Leasing is the leasing arm of the Chinese appliance manufacturer Haier Group. As stated on the company's website: established in 1984, Haier Group is a world-leading provider of a better life and digital transformation solutions.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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AIIB Team Leader:
Han Zhao - Investment Officer – Capital Markets & Structured Products
Borrower - Haier Financial Services Co., Ltd:
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html