Supporting the Reform of the Role of the People's Bank of China (ADB-49401-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 8, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 9, 2017

Disclosed by Bank Sep 30, 2016


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Project Description
The Technical Assistance (TA) will foster inclusive growth by improving the resiliency of the financial system to shocks by supporting reforms in financial system oversight, financial stability and monetary policy management and the role of the PBC. The Asian Development Bank (ADB) has previously supported building a stable financial system and strengthening financial regulatory regimes through policy recommendations and capacity development. The proposed TA will build on the achievements from previous ADB support in financial system stability supporting development of a stress testing framework for the banking system with the China Banking Regulatory Commission, a legal system for the credit market and a framework for financial consumer protection with the PBC, and capacity building of the capital markets' regulatory system with the China Securities Regulatory Commission.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
People's Bank of China 32 Cheng Fang Street West District, Beijing, 100800 People's Republic of China ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main