Project Data Sheet

Project Data Sheets (PDS) contain summary information on the project or program: Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

PDS Creation Date
PDS Updated as of 11 May 2014

Project Name Promotion of a Legal Framework for Financial Consumer Protection
Country China, People's Republic of
Project/Program Number 47042-001
Status Approved
Geographical Location
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
Sector and/or Subsector Classification Public sector management
/ Economic and Public Affairs Management
Strategic Agendas
Drivers of Change
Gender Mainstreaming Categories


Type/Modality of Assistance Approval Number Source of Funding Approved Amount (thousand)
Technical Assistance8498Technical Assistance Special Fund400
Counterpart 30

Summary of Environmental and Social Issues

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples

Stakeholder Communication, Participation and Consultation

During Project Design
During Project Implementation


The TA will help promote establishment of a coordinated and consistent financial consumer protection framework in the PRC. It will facilitate dialogue between the various consumer protection entities that have varying, and sometimes overlapping, authorities. The primary output will be creation of guidelines to support preparation of a guidance, law or regulation governing the role of the FCPB in financial consumer protection. A dialogue will be facilitated through national workshops and initial coordination meetings where all key stakeholders will be invited. An assessment of the gaps and overlaps in the current varying regulatory framework will be performed. An inventory will be completed of the applicable financial products requiring coverage under financial consumer protection. Additionally, the results of pilot projects run in various PRC provinces by PBC branches will be used as empirical evidence to help tailor final recommendations.

Project Rationale and Linkage to Country/Regional Strategy

Development Impact

Improved protection of consumers of financial products and services

Project Outcome

Description of Outcome
A regulatory framework and cooperation mechanism for financial consumer protection
Progress Towards Outcome

Outputs and Implementation Progress

Description of Project Outputs
Assessment of current financial consumer protection practices in PRC Assistance to the establishment of a legal and regulatory framework for financial consumer protection and supervision by the FCPB Promotion of coordinated financial consumer protection in PRC
Status of Implementation Progress (Outputs, Activities, and Issues)
Recruitment of consultants are ongoing.
Status of Development Objectives
Material Changes

Business Opportunities

Date of First Listing 2013 Oct 10
Consulting Services
ADB will engage the international and national consultants, as well as any resource persons, in accordance with ADB s Guidelines on the Use of Consultants (2013, as amended from time to time). The proceeds of the TA will be disbursed in accordance with ADB s Technical Assistance Disbursement Handbook (2010 as amended from time to time). An Advance Payment Facility (APF) will be used for training, seminar and conference administration by the EA.
Procurement and Consulting Notices


Concept Clearance 27 Sep 2013
Fact-finding 25 Jul 2013 to 25 Jul 2013
Management Review Meeting
Approval 31 Oct 2013
Last Review Mission


Approval No. Approval Signing Effectivity Closing
Original Revised Actual
Technical Assistance 8498 31 Oct 2013 14 Feb 2014 14 Feb 2014 28 Feb 2015 30 Apr 2015


Date Approval Number ADB (US$ thousand) Others (US$ thousand) Net Percentage
Cumulative Contract Awards
Cumulative Disbursements

TA Amount (US$ thousand)

Approval Number Approved Amount Revised Amount Total Commitment Uncommitted Balance Total Disbursement Undisbursed Balance
Technical Assistance 8498 400 400 192 208 10 390

Contacts and Update Details

Responsible ADB Officer Giacomo Giannetto (
Responsible ADB Department East Asia Department
Responsible ADB Divisions Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies


Project Website
List of Project Documents