China, People's Republic of : Bank of Qingdao Blue Finance Project
The project entails the Asian Development Bank providing longer-tenor financing to Bank of Qingdao through a blue bond investment to finance loans and other debt instruments to support marine environment protection and sustainable blue economies in the People's Republic of China (PRC). The proposed project will support the issuance of the first blue bond by a PRC city commercial bank and promote the development of sustainable ocean economy. This project also has a gender action plan to support BOQ to integrate a systematic approach to incorporate gender factors in its lending process.
Project Details
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Project Officer
Huang, Biao
Private Sector Operations Department
Request for information -
Approval Date
16 February 2022 -
Country/Economy
China, People's Republic of -
Sector
- Finance
| Project Name | Bank of Qingdao Blue Finance Project | |||||
| Project Number | 55246-001 | |||||
| Borrower / Company | Bank of Qingdao Company Limited |
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| Country / Economy | China, People's Republic of |
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| Location | Nation-wide | |||||
| Type or Modality of Assistance |
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| Operational Priorities | OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP6: Strengthening governance and institutional capacity |
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| Sector / Subsector | Finance / Finance sector development |
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| Gender | Effective gender mainstreaming | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Private Sector Financial Institutions Division | |||||
| Responsible ADB Officer | Huang, Biao | |||||
| Project Sponsor(s) | ||||||
| Description | The project entails the Asian Development Bank providing longer-tenor financing to Bank of Qingdao through a blue bond investment to finance loans and other debt instruments to support marine environment protection and sustainable blue economies in the People's Republic of China (PRC). The proposed project will support the issuance of the first blue bond by a PRC city commercial bank and promote the development of sustainable ocean economy. This project also has a gender action plan to support BOQ to integrate a systematic approach to incorporate gender factors in its lending process. | |||||
| Objectives and Scope | ||||||
| Linkage to Country/Regional Strategy |
| Safeguard Categories | |
|---|---|
| Environment | FI |
| Involuntary Resettlement | FI |
| Indigenous Peoples | FI-C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 29 Nov 2021 |
| Credit Committee Meeting | 29 Nov 2021 |
| Approval | 16 Feb 2022 |
| Last PDS Update | 16 Feb 2022 |
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 Access to Information Policy (AIP) 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.
| Title | Document Type | Document Date |
|---|---|---|
| Bank of Qingdao Blue Finance Project: Report and Recommendation of the President | Reports and Recommendations of the President | Jan 2022 |
| Bank of Qingdao Blue Finance Project: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Nov 2021 |
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.
Related Publications
None currently available.
The Access to Information Policy (AIP) 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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