Summary
ASEAN CHINA INVESTMENT FUND II L.P.
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| Project Name |
ASEAN CHINA INVESTMENT FUND II L.P. |
| Project Number |
43938-014 |
| Borrower/Company |
ASEAN CHINA INVESTMENT FUND II
|
| Country |
Regional |
| Location |
ASEAN countries and PRC |
| Approval Number |
7312 |
| Type or Modality of Assistance |
| 7312 |
Investment Fund |
USD 25.00 million |
Committed |
|
| Strategic Agendas |
Inclusive economic growth
Regional integration
|
| Drivers of Change |
Private sector development
|
| Sector / Subsector |
Finance
- Small and medium enterprise finance and leasing |
| Gender Equity and Mainstreaming |
|
| Responsible ADB Department |
Private Sector Operations Department |
| Responsible ADB Division |
Private Sector Investment Funds & Special Initiatives Div |
| Responsible ADB Officer |
Yee Hean Teo |
| Project Sponsor(s) |
|
| Description |
ASEAN CHINA INVESTMENT FUND II L.P. |
| Objectives and Scope |
The Fund's objective is to provide appreciation of capital through private equity investments in growth oriented SMEs in ASEAN countries and PRC, particularly companies that can benefit from the region's expanding trade and economic integration. |
| Linkage to Country/Regional Strategy |
The investment in the Fund is aligned with ADB's Strategy 2020 which identifies private sector development as a key driver of change, and finance sector development as one of five core specialization that support ADB's agenda. In addition, Strategy 2020 emphasizes private sector development as a means to achieve sustainable and inclusive growth. |
| Status of Development Objectives |
The Fund's investments promote development in a number of ways, including (i) promoting closer economic and trade links between ASEAN and the PRC; (ii) developing SMEs, which will benefit from such links; (iii) deepening regional capital markets; (iv) helping to promote balanced development and reduce the risks associated with overdependence on a limited number of traditional export markets; (v) transforming investee companies by helping them to adopt financially prudent and sustainable business practices and internationally accepted standards; and (vi) catalyzing the mobilization of long-term capital from institutional investors from both within and outside the region. |
Safeguard Categories
| Environment |
FI |
| Involuntary Resettlement |
C |
| Indigenous Peoples |
C |
Summary of Environmental and Social Aspects
| Environmental Aspects |
The Fund has established an appropriate Environmental and Social Management System (ESMS) that investees meet national laws and comply with ADB requirements. |
| Involuntary Resettlement |
|
| Indigenous Peoples |
|
| Stakeholder Communication, Participation, and Consultation |
|
Timetable for assistance design, processing and implementation
| Concept Clearance |
23 Nov 2009 |
| Due Diligence |
20 Jan 2010 |
| Credit Committee Meeting |
15 Mar 2010 |
| Approval |
21 Apr 2010 |
| PDS Creation Date |
11 Nov 2010 |
| Last PDS Update |
30 Sep 2014 |
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.
None currently available.
None currently available.
Related Publications
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.
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