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Hkg-2020.Pdf (856.8Kb) ASIAN DEVELOPMENT BANK MEMBER FACT SHEET HONG KONG, CHINA: SHAREHOLDING AND VOTING POWER Number of shares held: 57,810 (0.543% of total shares) Established in 1966, ADB has committed Votes: 96,924 (0.729% of total membership, $323.17 billion in loans toward the vision 1.119% of total regional membership) *Overall capital subscription: of an Asia and Pacific region free of $832.62 million poverty. Hong Kong, China joined ADB *Paid-in capital subscription: $41.65 million in 1969. * United States dollar figures are valued at rate as of 31 December 2020. CONTRIBUTIONS TO SPECIAL HONG KONG, CHINA FUNDS RESOURCES Hong Kong, China has contributed to the The Asian Development Bank (ADB) (62 projects). In addition, $16.41 billion Asian Development Fund (ADF), which was ADB’s window for concessional is dedicated to achieving a prosperous, in commitments from sovereign and lending to its borrowing members up to inclusive, resilient, and sustainable Asia nonsovereign cofinancing was generated. 31 December 2016 and continued as a and the Pacific, while sustaining its From 1 January 2016 to 31 December grant-only operation from 1 January 2017; efforts to eradicate extreme poverty. 2020, ADB’s annual lending volume and the Technical Assistance Special Fund (TASF), which provides grants to borrowing Established in 1966, it is owned by averaged $19.69 billion. Investment grants 68 members—49 from the region—who members to help prepare projects and and technical assistance funded by ADB undertake technical or policy studies. have committed $323.17 billion in loans and Special Funds resources averaged toward the vision of a region free of poverty. $805.5 million and $230.81 million, Contributions: Despite the region’s successes, issues respectively, over the same period. ADF (committed): $123.4 million TASF (committed): $9.41 million still to be fully addressed include poverty As of 31 December 2020, cumulative and inequality, climate change, growing commitments (excluding cofinancing) environmental pressures, and large were $323.17 billion in loans for infrastructure deficits. 3,369 investment projects in Hong Kong, China has provided 44 countries, $11.3 billion in 495 grants, $832.62 million in capital subscription to and $5.01 billion in technical assistance ADB as of 31 December 2020. It has also grants, including regional technical contributed and committed $132.81 million assistance grants. to Special Funds since joining the bank In addition to loans, grants, and technical in 1969. Companies and consultants assistance, ADB uses guarantees and from Hong Kong, China have since been equity investments to help its developing awarded $1.04 billion in procurement member countries (DMCs). contracts on ADB-financed projects. With its headquarters in Manila, ADB In 2020, ADB’s lending volume was has 44 offices around the world, with $26.9 billion (149 projects), with technical 3,653 staff from 64 of its 68 members assistance at $293.56 million (275 projects) as of 31 December 2020. and grant-financed projects at $1.08 billion Published in April 2021 FINANCING PARTNERSHIPS of investment projects. They play an Holdings Limited, BOT Lease (Hong important role in complementing ADB’s Kong) Co. Ltd., China Gas Group Ltd., ADB arranges cofinancing from bilateral own funding resources. Initially, trust funds China Water Affairs Group, CLSA and multilateral sources, export credit were established through single-donor Limited, Far East Horizon Co. Ltd., agencies, and commercial sources in channel financing agreements targeting Fu Shan Investment Ltd., GT Water the form of loans and grants, B loans, a number of specific sectors. ADB has Holdings Ltd., Shunfeng International risk transfer arrangements, parallel loans been increasingly switching to multi-donor Clean Energy Ltd., State Grid Overseas and equity, guarantees, and cofinancing trust funds covering thematic issues and Investment Ltd., Unity I. Capital for transactions under ADB’s Trade theme-focused umbrella initiatives, called Ltd., China Everbright International and Supply Chain Finance Program and financing partnership facilities, which Limited, Beijing State-Owned Assets Microfinance Program. Cofinancing support priority areas such as water, Management Hong Kong Company, brings additional resources to ADB’s clean energy, regional cooperation and and Chia Tai Logistics Limited project financing. In 2020, total integration, urban sector financing, and have coinvested equity in energy, sovereign and nonsovereign cofinancing health. In close interaction with the fund transportation, healthcare, water, and commitments amounted to $16.41 billion contributors, ADB will use these resources agriculture projects in Bangladesh, for 236 projects, of which $16.15 billion strategically to promote innovation, Mongolia, Papua New Guinea, and the was for 111 investment projects, enhance project quality, and provide critical PRC in a regional private equity fund, $185.79 million was for 125 technical support for project implementation. and in a microfinance institution assistance projects, and $76 million was in Cambodia. mobilized through transaction advisory services. Cumulative sovereign and NONSOVEREIGN OperatiONS PROCUREMENT nonsovereign cofinancing commitments As a catalyst for private investments, for the period 1970–2020 amounted to ADB provides financial assistance to Each year, ADB provides loans, grants, $127.16 billion for 3,051 projects, of which nonsovereign projects and financial and technical assistance to fund projects $123.92 billion was for 1,082 investment intermediaries. Total commitments and activities in its DMCs; and several projects, $2.65 billion was for in loans and equity investments from billion dollars in contracts to procure 1,969 technical assistance projects, and ADB’s own funds in 2020 amounted goods, works, and consulting services. $593.5 million was mobilized through to $1.4 billion for 38 transactions in Most contracts are awarded on the basis transaction advisory services. economic and social infrastructure, of international competition, which is finance sector, and agribusiness. ADB open to firms and individuals from all Cofinancing commitments with also actively mobilizes cofinancing from ADB members. Hong Kong, China from 1 January 2016 commercial and concessional sources. to 31 December 2020 comprised In 2020, ADB mobilized $1.9 billion the following: Share of ADB’s Procurement of long-term project cofinancing Contracts Projects and $3.3 billion of cofinancing • Nonsovereign: 7 projects, cofinancing through its Trade and Supply Chain Goods, Works, and Related Services of $128.04 million Finance Program and Microfinance ADB’s procurement contracts in Asia Program. Total outstanding balances and the Pacific for goods, works, and A list of projects cofinanced by and commitments of nonsovereign related services under loan and grant Hong Kong, China, is available at transactions funded by ADB’s own operations totaled $14.19 billion in 2019 www.adb.org/what-we-do/financing- resources stood at $14.3 billion as of and $22.79 billion in 2020. Cumulative partnerships/sovereign-financing#donor- 31 December 2020. procurement since 1966 has been $216.35 billion covering 222,415 contracts. countries. Hang Seng Bank Limited and The Bank of East Asia Limited have cofinanced For contractors and suppliers from Trust Funds water and energy projects in the Hong Kong, China, 854 contracts worth People’s Republic of China (PRC). $848.28 million have been awarded Trust funds are key instruments to mobilize ADB and The Bank of East Asia, Orix since 1969. and channel external sources to finance Asia Capital Limited, Beijing Enterprises technical assistance and components Investment Projects Cofinanced with Hong Kong, China, 1 January 2016–31 December 2020 ADB Amounta Cofinancing Amount Country Project ($ million) ($ million) Type of Cofinancingb China, People’s Republic of Dynagreen Waste–to–Energy Project 100.00 14.13 NS Geothermal District Heating Project 50.00 70.00 NS Sustainable Dairy Farming and Milk Safety Project 62.50 11.26 NS Urban–Rural Integration Water Distribution 200.00 11.00 NS Viet Nam Mainstreaming Small and Medium-Sized Enterprises Lending Project 200.00 9.00 NS Regional Equity investment in Creador IV, L.P. 50.00 10.00 NS Trade Finance Programc 0.29 2.65 NS a Loan, grant, or blend. b NS = nonsovereign cofinancing. c The program limit for ADB’s regional Trade Finance Program (TFP) ($1 billion since 2009, and increased to $1.35 billion in 2018 and $2.15 billion in 2020) is the maximum exposure the TFP can assume at any one point in time. This limit has never been breached. Although the TFP exposure exceeds the program limit annually, this limit was not breached at any one point in time because TFP transactions tend to be short—on average less than 180 days—and the program limit can revolve (be reused) within a year. In addition, the TFP distributes risk exposures to various partners that leverage its capital resources. Consulting Services totaled $756.72 million in 2019 and For consultants from Hong Kong, China, ADB’s procurement contracts in $732.11 million in 2020. Cumulative 316 contracts worth $192.47 million have Asia and the Pacific for consulting procurement since 1966 has been been awarded since 1969. services under loan, grant, and $14.13 billion covering 67,086 contracts. technical assistance operations Hong Kong, China’s Share of Procurement Contracts for Loan, Grant, and Technical Assistance Projects 2019 2020 Cumulative (as of 31 Dec 2020) Amount Amount Amount
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