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China - Fifth Industrial Credit Project (English)

Ratings for the Fifth Industrial Credit Project for China were as follows: outcomes were satisfactory, project sustainability was likely, Bank performance was satisfactory, and Borrower performance was also satisfactory. Some lessons learned included: despite some notable progress, China Investment Bank (CIB) continues to experience problems rooted in issues besetting the macro economy and the overall financial sector. Recognition of this, coupled with the opportunities presented by China's recently more receptive environment for banking system reform signaled by passage of a banking law and a central bank law, led to a shift in bank strategy. Reform of the banking system's overall policy and regulatory environment is now central to the financial sector strategy. While direct assistance to some key players in China's banking system continues, policy and institutional change at both the banking sector and individual bank levels dominates the attention. A 'twinning' arrangement between a local bank and a respected international commercial bank has been found to be a more acceptable means of transferring commercial banking skills to banks in command economies. When foreign technical experts must be used, it is crucial to gain the borrower's total understanding and acceptance of such assistance prior to project implementation.

Details

  • Document Date

    1995/12/26

  • Document Type

    Implementation Completion and Results Report

  • Report Number

    15251

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    China,

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2010/06/18

  • Disclosure Status

    Disclosed

  • Doc Name

    China - Fifth Industrial Credit Project

  • Keywords

    working capital;Economic Rate of Retum;township and village enterprise;foreign currency resources;working capital finance;market interest rate;means of transfer;assessment of outcome;foreign exchange rate;electronic data processing;foreign exchange risk;approach to training;financial sector strategy;local currency terms;limited liability company;prices of input;aspect of marketing;cost reduction measure;debt service capacity;Technical Assistance Fund;domestic market demand;nonbank financial institution;rates of return;statement of accounts;higher interest rate;shortage of funds;variable interest rate;credit line;commercial bank;light industry;banking system;financial product;industrial enterprise;institutional change;loan repayment;state enterprises;industrial credit;resource base;doubtful debt;individual bank;banking sector;lease financing;sustainable operation;hard currency;train activity;construction period;local bank;technical expert;command economy;difficulties due;eligibility criterion;market economy;commercial banking;operational autonomy;financial service;financing source;textile industry;geographic distribution;computer center;manufacturing facility;efficient operation;export industry;domestic currencies;financial aspect;study including;sectoral distribution;financial agency;regulatory environment;institutional objectives;computer hardware;equipment leasing;competitive environment;institutional strengthening;production capacity;active participant;project financing;industrial finance;statistical table;sound financial;financial system;project costing;long-term loan;financial rate;electronic industry;food processing;traditional sector;automobile industry;equipment manufacturing;transportation sector;dominant position;money market;price system;investment cost;debt burden;financial instrument;resource mobilization;investment finance;commercial negotiations;loan size;machinery industry;loan finance;equipment for production;market base;investment financing;technology upgrading;funding source;enterprise fund;project operation;long-term debt;foreign parties;liability management;loan application;land acquisition;gender concern;social objective;industrial financing;financial leasing;investment efficiency;Technology Transfer;institutional building;repayment period;general reserve;portfolio quality;financial analysis;operational performance;loan amounting;long-term borrowing;net profit;Exchange Rates;adequate provision;outstanding loan;loan account;high share;subproject implementation;counterpart fund;currency cost;capacity utilization;long-term portfolio;amount due;packaging industry;financial projection;international settlement;capital base;variable rate;policy statement;manufacturing sector;heavy industry;financial operation;loan accounting;financial account;syndicated loan;domestic fund;management structure;continuing training;separate subsidiary;loan proceeds;grace period;deposit fund;corporate planning;information gathering;bank management;Commitment Date;

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Citation

China - Fifth Industrial Credit Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/540081468216950881/China-Fifth-Industrial-Credit-Project