China, People’s Republic of
The People’s Republic of China (PRC) is a major contributor to ADB development finance and knowledge-sharing initiatives. ADB works with PRC’s Ministry of Finance and domestic commercial entities such as the Bank of Beijing, China Construction Bank Corporation, The Export-Import Bank of China, Huaxia Bank, and Shanghai Pudong Development Bank on directing development finance to investment projects.
At a Glance
Cumulative Project-Specific Cofinancing
Cumulative Trust Funds Contribution
2020 Project-Specific Cofinancing
- $206.5 million
The PRC is the singular donor to the PRC Poverty Reduction and Regional Cooperation Fund (PRCF). Established in 2005, the fund has supported development in Central Asia and the Greater Mekong Subregion. The PRCF prioritizes technical assistance that directly benefits a project, particularly project preparation, in its future funding consideration.
The PRC prioritizes investments in projects that promote regional connectivity and cooperation, poverty reduction, and knowledge sharing. ADB works with the PRC’s Ministry of Finance and domestic commercial entities on directing development finance to investment projects. Among the commercial entities are the following:
- Bank of Beijing
Cumulative Project-Specific Cofinancing: $510 million
- China Construction Bank Corporation
Cumulative Project-Specific Cofinancing: $147.1 million
- Huaxia Bank
Cumulative Project-Specific Cofinancing: $400 million
- Shanghai Pudong Development Bank
Cumulative Project-Specific Cofinancing: $162.4 million
As of December 2020, ADB’s Trade Finance Program (TFP) has supported 5,200 export and import transactions to and from the PRC (through PRC and non-PRC banks) to developing Asia valued at over $3.1 billion. Exports and imports were to 13 countries, but mostly to Bangladesh, Pakistan, and Viet Nam. The program works with seven banks domiciled in the PRC and has provided guarantees supporting $77.8 million in trade in over 70 transactions. The TFP has mobilized $38.6 million in cofinancing with banks operating in the PRC. Furthermore, ADB’s Supply Chain Finance Program (SCFP) has supported $810 million in trade over 1,765 transactions as of December 2020 in the PRC. The SCFP has mobilized $444 million in cofinancing in said country. This cofinancing helps leverage ADB resources and brings more support for developing members as well as exports, imports, growth, and job creation.
1 January 2014–31 December 2020 Cofinanced Projects
a G = official grant cofinancing, L = official loan cofinancing, TA = technical assistance cofinancing