China, People's Republic of: Improving the Legal Framework for Securities and Futures Markets

Sovereign Project | 48008-001 Status: Active


Latest Project Documents

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Project Name Improving the Legal Framework for Securities and Futures Markets
Project Number 48008-001
Country China, People's Republic of
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8684-PRC: Improving the Legal Framework for Securities and Futures Markets
Technical Assistance Special Fund US$ 300,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Banking systems and nonbank financial institutions

Gender Equity and Mainstreaming No gender elements
Project Rationale and Linkage to Country/Regional Strategy

Project Outcome

Description of Outcome
Progress Toward Outcome Current focus of the project remains on the securities law amendment pending completion of a final draft. In 4Q16 it is anticipated that the project team will shift focus to support creation of a law on futures coinciding with the executing agencies shift in focus away from the securities law.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) Research currently focuses on supporting specific questions and issues raised by the executing agency regarding the securities law amendment. A study tour was held in November 2015 to France to visit the securities regulator, the Paris Borse and various other counterparts. A draft securities' law amendment was produced in May 2015 and elements were reviewed by the project team to provide comments. Plans are to hold a conference that includes international and national experts to discuss the draft securities law amendments in 4Q16. Due to delay in plans of the executing agency to begin work on the futures law and in line with the governments plans, the TA closing will be extended from January 2017 for an additional 12 months.
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design The EA was closely integrated into the project design.
During Project Implementation The EA has taken steps to coordinate the work of consultants at project start-up. Regular communication has occured between the EA and ADB that has included review missions. A review mission was held in February 2016.

Business Opportunities

Consulting Services One international consultant for 6 person-months and two national consultants for 11 person-months total will be engaged in accordance with ADB's Guidelines on the Use of Consultants (March 2013, as amended from time to time), and proceeds will be disbursed in accordance with ADB's Technical Assistance Disbursement Handbook (2010, as amended from time to time). An Advance Payment Facility will be used for training, seminar and conference administration by the EA.

Responsible Staff

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
Legislative Affairs Commission
1, Qianmen Xidajie,
Xicheng District,
Beijing, People's Republic of China


Concept Clearance 19 May 2014
Fact Finding 07 Apr 2014 to 08 Apr 2014
Approval -
Last Review Mission -
Last PDS Update 30 Mar 2016

TA 8684-PRC

Approval Signing Date Effectivity Date Closing
Original Revised Actual
10 Jul 2014 01 Aug 2014 01 Aug 2014 31 Jan 2017 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
300,000.00 0.00 0.00 0.00 0.00 0.00 300,000.00 10 Jul 2014 66,008.61
Title Document Type Document Date
Improving the Legal Framework for Securities and Futures Markets Technical Assistance Reports Jul 2014

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.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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