China, People's Republic of: National Fund for Development of Credit Guarantees for Private Enterprises

Sovereign Project | 36024-032 Status: Closed

Summary

The TA will improve private enterprise access to financial services and financial resources. The NCG is expected to be an effective and sustainable mechanism for the use of foreign and private sector capital for private enterprises.

The TA will assist in the effective use of NCGs, ensuring timely drawdown of NCG proceeds while maintaining prudent risk exposure and complete compliance with regulatory requirements, in line with international best practices.

The TA will establish a proper NCG fund governance structure to maximize political, financial, economic, and social impacts; and optimize risk and capital allocation for NCG, while ensuring regulatory compliance and financial sustainability.

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Project Name National Fund for Development of Credit Guarantees for Private Enterprises
Project Number 36024-032
Country China, People's Republic of
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 4725-PRC: National Fund for Development of Credit Guarantees for Private Enterprises
Technical Assistance Special Fund US$ 700,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Infrastructure finance and investment funds

Gender Equity and Mainstreaming
Description

The TA will improve private enterprise access to financial services and financial resources. The NCG is expected to be an effective and sustainable mechanism for the use of foreign and private sector capital for private enterprises.

The TA will assist in the effective use of NCGs, ensuring timely drawdown of NCG proceeds while maintaining prudent risk exposure and complete compliance with regulatory requirements, in line with international best practices.

The TA will establish a proper NCG fund governance structure to maximize political, financial, economic, and social impacts; and optimize risk and capital allocation for NCG, while ensuring regulatory compliance and financial sustainability.

Project Rationale and Linkage to Country/Regional Strategy Development of the private sector and private enterprises is a strategic objective of ADB. ADB's operational objectives are to facilitate private enterprises? access to finance and promote the development of the financing and legal infrastructure for private enterprises. ADB helped draft the SME Promotion Law (29 June 2002) and establish policy and regulatory framework for SME CGCs, based on international best practice, through previous TAs. ADB also helped the All-China Federation of Industry and Commerce to identify constraints faced by private enterprises and the domestic private sector, whose output became an essential input into the PRC private sector assessment.
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location East Asia
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services The TA will engage 3 international consultants for a total of 9 person-months, including a fund governance specialist, fund operations specialist and risk management specialist for 3 person-months each; and 6 domestic consultants for a total of 18 person-months, including an NPL appraising legal specialist, legal specialist, fund management company specialist, custodian specialist, risk management specialist and a social impact and safeguard specialist for 3 person-months each. In addition, a separate budget is made for engaging additional resource persons to cover specific technical areas. The consultants will be selected and engaged on individual basis or through consulting firms in accordance with ADB's Guidelines on the Use of Consultants and other arrangements satisfactory to ADB on the engagement of domestic consultants.
Procurement None
Responsible ADB Officer Januar Laude
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
National Development and Reform Commission
MR. Zheng Chiping, Division Director
Dept. of Foreign Capital and Overseas Investment
Timetable
Concept Clearance 10 Mar 2003
Fact Finding 07 Jul 2005 to 14 Jul 2005
MRM -
Approval 09 Dec 2005
Last Review Mission -
PDS Creation Date 29 Jul 2006
Last PDS Update 20 Jan 2009

TA 4725-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
09 Dec 2005 19 Jan 2006 19 Jan 2006 31 Dec 2006 31 Dec 2009 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
700,000.00 0.00 0.00 0.00 0.00 0.00 700,000.00 09 Dec 2005 475,917.30

Safeguard Documents

See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents

See also: Independent Evaluation

None currently available.

Related Publications

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