fbpx 52150-001: Small and Medium-Sized Enterprises Finance in Underdeveloped Regions Project | Asian Development Bank

China, People's Republic of: Small and Medium-Sized Enterprises Finance in Underdeveloped Regions Project

Nonsovereign (Private) Project | 52150-001 Status: Active

ADB will provide a senior loan of up to $60 million to Zhujiang Financial Leasing Company Limited for SME finance in underdeveloped regions of the PRC.

Project Details

Project Officer
Doukidis, Doukas Private Sector Operations Department Request for information
Country
  • China, People's Republic of
Sector
  • Finance
 
Project Name Small and Medium-Sized Enterprises Finance in Underdeveloped Regions Project
Project Number 52150-001
Borrower/Company Zhujiang Financial Leasing Company Limited
Country China, People's Republic of
Location Nation-wide
Type or Modality of Assistance
3685 Loan Ordinary capital resources USD 60.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Finance / Small and medium enterprise finance and leasing

Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Doukidis, Doukas
Project Sponsor(s)
Description ADB will provide a senior loan of up to $60 million to Zhujiang Financial Leasing Company Limited for SME finance in underdeveloped regions of the PRC.
Objectives and Scope

Zhujiang Financial Leasing Company Limited will use the proceeds of ADB's debt financing to finance loans and leases to SMEs in People's

Republic of China.

Status of Development Objectives Not Applicable
Status of Operation/Construction On-going.
Linkage to Country/Regional Strategy

The project supports four priorities identified by ADB's Midterm Review of Strategy 2020: (i) poverty reduction and inclusive economic

growth, (ii) environment and climate change, (iii) middle-income countries, and (iv) private sector development and operations. ADB's

Midterm Review of Strategy 2020 highlights ADB's focus on reducing vulnerability and inequality and promoting inclusive growth in

middle-income countries. It is consistent with ADB's country partnership strategy, 2016-2020 for the PRC, which prioritizes supporting

inclusive economic growth, reducing poverty and inequality, and promoting private sector development through improving access to finance.

Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
Summary of Environmental and Social Aspects
Environmental Aspects The sub-loans under the proposed ADB loan are expected to have minimal environmental and social impacts.
Involuntary Resettlement Unlikely involuntary settlement.
Indigenous Peoples Majority of ZFL's business activities are unlikely to impact involuntary resettlement or indigenous peoples.
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 04 Oct 2017
Credit Committee Meeting 30 May 2018
Approval 27 Jul 2018
Last PDS Update 12 Jun 2019

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.

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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.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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