China, People's Republic of: Promoting Private Investment for Social and Economic Development in Shaanxi Province

Sovereign Project | 45502-001

Summary

The TA will fund the conduct of a study that will provide recommendations for private sector development and increased investment in identified priority areas in Shaanxi Province. To give proper foundation to these recommendations, the study will (i) identify issues impeding private sector development in terms of legal framework such as laws on financial instruments, industry orientation, and capital market regulations; and (ii) recommend specific policies and mechanisms in above areas which can catalyze private sector development and investment in Shaanxi Province, including detailed measures to help implement the "Opinions".

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Project Name Promoting Private Investment for Social and Economic Development in Shaanxi Province
Project Number 45502-001
Country China, People's Republic of
Project Status Approved
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8082-PRC: Promoting Private Investment for Social and Economic Development in Shaanxi Province
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector Finance - Infrastructure finance and investment funds
Gender Equity and Mainstreaming No gender elements
Description

The TA will fund the conduct of a study that will provide recommendations for private sector development and increased investment in identified priority areas in Shaanxi Province. To give proper foundation to these recommendations, the study will (i) identify issues impeding private sector development in terms of legal framework such as laws on financial instruments, industry orientation, and capital market regulations; and (ii) recommend specific policies and mechanisms in above areas which can catalyze private sector development and investment in Shaanxi Province, including detailed measures to help implement the "Opinions".

The TA directly supports ADB's country partnership strategy for the PRC (2008-2010), which identifies promoting balanced development and continuing market reforms by supporting private sector development and engagement of other non-government organizations through TA and nonsovereign operations. This TA supports the provincial government's efforts to create concrete, workable measures to increase private sector growth.

Project Rationale and Linkage to Country/Regional Strategy
Impact Increased private investments in priority areas in Shaanxi province
Project Outcome
Description of Outcome New measures to promote and sustain private investment issued
Progress Toward Outcome The TA implementation is going to an end as a final report has been produced, based on five thematic reports. it has been gone through ADB's peer review and comments have been incorporated. A Final report dissemination workshop will be organized by the EA in April and policy notes included in the final report will be delivered to the provincial government for consideration.
Implementation Progress
Description of Project Outputs

General report on promoting private investment for social and economic development in Shaanxi province.

Policy note on innovations in legal environment, financial instruments, and capital markets access to stimulate private sector investments in priority areas.

Status of Implementation Progress (Outputs, Activities, and Issues)

All five consultants have been recruited by ADB and commenced their work with inception reports preparation. EA has convened a meeting in July 2014 to evaluate the mid-term reports and after that, EA sent draft final reports to experts for comments in December 2014. The general final report was revised with incorporating more information and details based on ADB comments.

Currently TA implementation entered the last phase-final report dissemination workshop, which will be held in April 2015. Local government officials will attend to listen to the proposed policy note for the measures of promoting private investment.

The next step will be:

(1) EA will have the reports printed for the dissemination workshop;

(2) The dissemination workshop will be organized and local government officials will be invited, as the findings of the reports will be importnat for encouraging private investment with the support of an enabling environment in Shaanxi;

(3) Resource persons for the dissemination workshop will be invited as a Public-Private Partnership tranining workshop will follow the dissemination workshop.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The Shaanxi Development Reform Commission was actively involved in project preparation and implementation.
During Project Implementation The Foreign Loan Support Project Management Office is actively organize an expert evaluation on consultants thematic reports and the general report. Also, the EA is in preparation for a final report dissemination workshop to be held in April in Xi'an, Shaanxi,
Responsible ADB Officer Bo An
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
The Foreign Loan Support Proj Mngt Office of ShaanXincheng, Xi'an, Shaanxi Province
People's Republic of China
Timetable
Concept Clearance 25 Nov 2011
Fact Finding 25 Jul 2011 to 29 Jul 2011
MRM -
Approval 25 May 2012
Last Review Mission -
Last PDS Update 27 Mar 2015

TA 8082-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 May 2012 06 Jul 2012 06 Jul 2012 31 May 2014 31 May 2015 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 100,000.00 0.00 0.00 0.00 500,000.00 25 May 2012 234,679.47

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