China, People's Republic of: Development of an Innovative Regulatory Approach for the Pillar III Pension System Amid Population Aging (ADB-56077-001)

Countries
  • China
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 8, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of the People's Republic of China
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 13, 2023

Disclosed by Bank Dec 9, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the ADB, the knowledge and support technical assistance (TA) will provide the China Institute of Finance and Capital Markets, a policy research institute under the China Securities Regulatory Commission, with technical support and institutional capacity development to formulate core recommendations for developing a capital markets and investment regulatory framework for a Pillar III pension scheme in the People's Republic of China (PRC). A pension system requires three pillars, and Pillar III individual pensions have not yet been established in the PRC. In this context, the proposed TA will support the preparation of a capital markets and investment regulatory framework that is central to the development of Pillar III.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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Responsible ADB Officer:

Anqian Huang - Senior Financial Sector Specialist

No contacts available at the time of disclosure.

Executing Agency - China Securities Regulatory Commission:

Address: Focus Place, 19 Jin Rong Street, West District, Beijing, 100033
Fax: 86-10-66210205/66210206
Email: consult@csrc.gov.cn
Website: http://www.csrc.gov.cn/csrc_en/index.shtml

ACCESS TO INFORMATION

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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.

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