China, People's Republic of: Capacity Building on Statistical Competence for County-level Financial Institutions

Sovereign Project | 45504-001 Status: Active

Summary

The capacity development technical assistance will build on the results of TA 7322-PRC Component 2 to enable small rural finance institutions to establish methods for effective computerization of new rural credit data requirements. The TA will also include activities to ensure better comprehension of the data required, and its use by managers, statisticians, and local regulators. The TA involves an assessment of the current small rural financial institutions systems for accounts and loan data systems, methods of incorporating data extraction and submission in timely and cost-effective ways, proposed options for programming, training in data collection, submission and use by regulators and by managers of financial institutions, and dissemination of the results.

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Project Name Capacity Building on Statistical Competence for County-level Financial Institutions
Project Number 45504-001
Country China, People's Republic of
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 8099-PRC: Capacity Building on Statistical Competence for County-level Financial Institutions
Technical Assistance Special Fund US$ 400,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Finance - Finance sector development

Gender Equity and Mainstreaming
Description The capacity development technical assistance will build on the results of TA 7322-PRC Component 2 to enable small rural finance institutions to establish methods for effective computerization of new rural credit data requirements. The TA will also include activities to ensure better comprehension of the data required, and its use by managers, statisticians, and local regulators. The TA involves an assessment of the current small rural financial institutions systems for accounts and loan data systems, methods of incorporating data extraction and submission in timely and cost-effective ways, proposed options for programming, training in data collection, submission and use by regulators and by managers of financial institutions, and dissemination of the results.
Project Rationale and Linkage to Country/Regional Strategy
Impact Improved quality, completeness, and timeliness of rural credit statistics

Project Outcome

Description of Outcome Computerization of rural credit statistics systems for small financial institutions in selected counties
Progress Toward Outcome All research and field work has been completed. A final report has been prepared and a final meeting was held on 29 September 2016 with 22 participants. The closing meeting was successful and attended by 22 participants representing PBOC Division of Monetary Statistics, International Department, Monetary Policy Department, and Financial Market Department.
Implementation Progress
Description of Project Outputs

1. Methodology for computerized submissions of rural credit statistics to PBC

2. Training results improved for financial institution statisticians and managers

3. An information technology (IT) framework for rural financial institutions statistical data management as a knowledge product

4. Irving Fisher Committee on Central Bank Statistics meeting, where findings will be presented

Status of Implementation Progress (Outputs, Activities, and Issues) Work was completed successfully. Training of RCCs nationally was held in August 2016 using the new template for rural credit statistics. A pilot selected 5 provincial level Rural Credit Cooperatives (RCCs) as trials with different characteristics in terms of location, size of assets and number of legal entities. The trial RCCs include: Shandong RCC, Jilin RCC, Guangdong RCC, Hunan RCC and Zhejiang RCC. They each attended the closing workshop and provided comments in support of the results. Research targeted mainly nationwide RCCs and Rural Commercial Banks (RCBs) covering total of 31 provinces (including municipalities) and 33 provincial level RCCs (including RCBs). The rural statistical templates with the final reports were distributed to PBOC branches in all regions and also 10,000 institutions.
Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation Regular contact occurs between ADB and the EA through email and teleconferences. A review mission occurred in August 2016.

Business Opportunities

Consulting Services Two individual consultants will be recruited; one international computer statistics specialist for 2 person-months, and a national credit market data specialist for 2 person-months. All consultants will be recruited in accordance with ADB's Guidelines on the Use of Consultants (2010, as amended from time to time). The terms of reference for consultants will be advertised through CSRN. All consultants' reports will be prepared and provided in English and Chinese. The consultants will maintain close working relations with the People's Bank of China and will regularly discuss project progress and findings.

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
People's Bank of China
32 Cheng Fang Street
West District, Beijing, 100800
People's Republic of China

Timetable

Concept Clearance 04 Apr 2012
Fact Finding 13 Feb 2012 to 16 Feb 2012
MRM -
Approval 29 Jun 2012
Last Review Mission -
Last PDS Update 28 Sep 2016

TA 8099-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
29 Jun 2012 16 Jul 2012 16 Jul 2012 31 Dec 2014 31 Dec 2016 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 0.00 0.00 0.00 0.00 400,000.00 29 Jun 2012 231,491.34

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