The project entails the Asian Development Bank (ADB) providing longer-tenor financing to Ping An International Financial Leasing Co. Ltd. (PAIFL) to accelerate energy efficiency improvements in micro, small, and medium-sized enterprises (MSMEs) in the PRC. The ADB financing will promote new energy efficiency financing solutions, reduce MSMEs’ carbon emissions, and support the PRC’s transition to low-carbon energy.
The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.
This document dated September 2022 is provided for the ADB project 56099-001 in the People's Republic of China.