Bank of Xingtai Green Finance Development Project (ADB-53345-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Bank Risk Rating
FI
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.
Borrower
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 200.00 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)
$ 200.06 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 Jan 10, 2020

Disclosed by Bank Sep 23, 2019


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Project Description

According to the bank document, ADB proposes a financial intermediation loan in an amount of $200 million to Bank of Xingtai, a regional bank, in Hebei Province, to pilot a successful green finance bank model. The proposed project will provide critically needed long-term debt at concessional rate to compensate for the subproject negative externalities and incentivize the regional bank's green finance lending. An attached transaction technical assistance (TRTA) will help Bank of Xingtai strengthen its institutional capacities.

The proposed project intends to establish a demonstrative bank model, sharing relevant knowledge and experiences, enhancing the awareness, and reshaping the mindsets of both lenders and borrowers. In summary, the overall assistance package (loan and TRTA) should greatly facilitate the improvement of BTH's environmental condition. 

 

Investment Description
  • Asian Development Bank (ADB)

Loan: Bank of Xingtai Green Finance Development Project  US$ 200.00 million

Private Actors
Contact Information

Executing Agencies

Hebei Finance Bureau
24 Kangle St.
Shijiazhuang, Hebei
People's Republic of China 050051

Hebei Provincial Government
Hebei Provincial Finance Bureau
48 South Zhonghua St Shijiazhuang 050051
Hebei Province, People's Rep 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