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 Name||Small and Medium-Sized Enterprises Finance in Underdeveloped Regions Project|
|Borrower/Company||Zhujiang Financial Leasing Company Limited
|Country||China, People's Republic of
|Type or Modality of Assistance||
|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|
|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.
|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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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.
|Title||Document Type||Document Date|
|Small and Medium-Sized Enterprises Finance in Underdeveloped Regions Project: Report and Recommendation of the President||Reports and Recommendations of the President||Jul 2018|
|Small and Medium-Sized Enterprises Finance in Underdeveloped Regions Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Jan 2018|
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
None currently available.
None currently available.
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ADB, ZFL Sign Deal to Enhance Access to Finance for SMEs in Central and Western PRCADB today signed a $60 million loan agreement with Zhujiang Financial Leasing Company Limited (ZFL) to help provide increased financing to SMEs in the less developed central and western regions of the PRC.