|Project Name||PRC: ACTIS CHINA FUND 2, L.P.|
|Borrower/Company||ACTIS CHINA FUND 2, LP
|Country||China, People's Republic of|
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change|
|Sector / Subsector||
Finance - Infrastructure finance and investment funds
|Gender Equity and Mainstreaming|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Portfolio Management Division, PSOD|
|Responsible ADB Officer||Taneja, Anshukant|
|Project Sponsor(s)||Actis China Gp Limited
|Description||PRC: ACTIS CHINA FUND 2, L.P.|
|Objectives and Scope||ADB's investment in the Fund is expected to help bridge the financing gap in the private equity industry, foster private sector development, and promote balanced and inclusive growth in the PRC.|
|Linkage to Country/Regional Strategy||The Fund is structured to fit into ADB's country strategy of 'making markets work better' for the PRC by (i) promoting good governance, the rule of law, and transparent regulation; (ii) developing an enabling environment for the private sector; (iii) providing infrastructure to improve the business environment; (iv) supporting financial sector reforms; (v) supporting SME development; and (vi) expanding ADB's private sector operations.|
|Status of Development Objectives||The Actis China team has sourced investment opportunities in a diverse array of sectors and looks to add value to its investee companies by improving corporate governance and financial management.|
Summary of Environmental and Social Aspects
|Environmental Aspects||The Fund and the companies it invests in complies with the business principles of Actis - which incorporate ADB's environmental and social safeguard guidelines and policies, and with the PRC's environmental and social safeguard laws, regulations, and standards.|
|Stakeholder Communication, Participation, and Consultation|
Timetable for assistance design, processing and implementation
|Concept Clearance||21 Jun 2004|
|Due Diligence||23 Jul 2004|
|Credit Committee Meeting||24 Sep 2004|
|Approval||26 Nov 2004|
|PDS Creation Date||31 Aug 2006|
|Last PDS Update||30 Sep 2014|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
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.
|Title||Document Type||Document Date|
|Actis China Fund 2, L.P. Environmental Monitoring Report||Environmental Monitoring Reports||Mar 2009|
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Public Communications Policy (PCP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.