China, People's Republic of: Developing a Legal System for the Credit Market

Sovereign Project | 45503-001


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Project Name Developing a Legal System for the Credit Market
Project Number 45503-001
Country China, People's Republic of
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7835-PRC: Developing a Legal System for the Credit Market
Technical Assistance Special Fund US$ 450,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions - Finance sector development - Inclusive finance

Public sector management - Law and judiciary

Gender Equity and Mainstreaming Some gender elements
Project Rationale and Linkage to Country/Regional Strategy
Impact Legislative structure for multi-tiered credit market consistent with international standards
Project Outcome
Description of Outcome Legal basis for credit definition, market entry, delivery, trade, and exit by financial institutions at the national and local levels established
Progress Toward Outcome Progress is on track according to the new, revised timeframes proposed following the extension of the project close.
Implementation Progress
Description of Project Outputs

1. Assessment of existing credit market circumstances and legal and regulatory barriers to responsible delivery of credit, particularly to rural households and SMEs

2. Selective review of legal structures governing credit delivery in key identified countries

3. Assessment of current PRC legislation, precedents, and legislative proposals for credit definition; establishment of financial institutions providing credit; operation of such institutions; secondary market for trading of loans; bankruptcy and closure of financial institutions providing credit

4. International conference with key stakeholders to validate recommendations for legal framework and suggest any revisions

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

A review mission was held in November 2013 to discuss the draft inception report that was revised following the change in project team leader. A further conference call was held in January 2014 to discuss, and subsequently accept, the interim report. The project is on schedule according to the new, revised plan established with the extension of the project and change in team leader.

Study tour was held to Germany and the UK. Draft final report was prepared and international conference was held. Final report in in process.

Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design Consultation with PBC, various types of lenders, and (through another TA) with innovators and clients regarding legal issues in credit
During Project Implementation Ongoing close interaction with consultants and with the PBC by the project manager and OGC assigned manager based at the PRCM.
Business Opportunities
Consulting Services The consultants one international (4 person-months) and one national (9 person-months), will be individually selected and engaged by the ADB in accordance with the Guidelines on the Use of Consultants (2010, as amended from time to time) and arrangements satisfactory to ADB for the engagement of national consultants.
Procurement Equipment (one computer and software, a high-speed internet connection, and a printer with scanner) will be procured in accordance with ADB's Procurement Guidelines (2010) and remain with the executing agency at the end of the TA period.
Responsible ADB Officer Giacomo Giannetto
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
People's Bank of China
32 Cheng Fang Street
West District, Beijing, 100800
People's Republic of China
Concept Clearance 29 Apr 2011
Fact Finding 26 Apr 2011 to 29 Apr 2011
Approval 18 Jul 2011
Last Review Mission -
Last PDS Update 29 Sep 2014

TA 7835-PRC

Approval Signing Date Effectivity Date Closing
Original Revised Actual
18 Jul 2011 13 Sep 2011 13 Sep 2011 31 Jan 2013 30 Sep 2014 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
450,000.00 0.00 75,000.00 0.00 0.00 0.00 525,000.00 18 Jul 2011 250,363.67

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