Programme Overview
The GTZ Financial Sector Development Programme has been running since the end of 2005. It started with activities in the field of microfinance and the rural financial sector, but now also covers other areas which are crucial to the stability and transparency of the Chinese financial sector as a whole.
| Programme Title | GTZ Financial Sector Development in China | ||
|---|---|---|---|
Overall Objective of the Programme |
The effectiveness of institutions by which the financial sector is structured and supervised (supervision authorities, central bank, and SASAC) and promoted (service providers, such as property rights exchanges, training institutions, associations, and consulting firms) has risen. |
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| Components | Microfinance and Rural Financial Sector Reform | Asset and Equity Market Reform | PSBC Microfinance and Retail Banking Project |
| Duration | 11/2005 – 04/2010 | 01/2007 – 12/2009 | 02/2008 - 01/2010 |
| Component Objective | Supervisory authorities and service providers in the banking sector are capable of structuring and promoting the Chinese rural financial sector in the five pilot provinces. |
Trading activities of Property Rights Exchanges are transparent, are supported by independent service providers, and take into consideration social and ecological aspects during privatizations.. | By providing counseling services to Postal Savings Bank of China during their transformation into a professional financial intermediary for rural areas, an important contribution is made to the stability of the Chinese financial sector and the participation of the rural population in the economic boom in China. |
| German Contribution | 3,500,000.-EUR | 2,500,000.-EUR | 2,000,000.-EUR + 600,00.- EUR grant from Deutsche Postbank AG |
| Lead executing agency | People’s Bank of China | Tianjin Property Rights Exchange | Postal Savings Bank of China |
| Place | Beijing, five pilot provinces (Sichuan, Shanxi, Shaanxi, Guizhou, Inner Mongolia) | Beijing, Tianjin | Beijing, Shandong, Zhejiang |
| Thematic Focus | Legal framework for microfinance institutions Training of relevant service providers in the sector Training of staff and management of microfinance institutions |
Consistent legal framework for property rights exchanges nationwide Establishment of an audit mechanism to promote transparency Promotion of independent market players and service providers in the field of M&A. |
.Support of transformation process of Postal Savings Bank of China Support in the development of micro-credit products |
| Partner Organisations | Financial Office of Inner Mongolia Autonomous Region | Tianjin Municipality, Tianjin Property Rights Exchange, State Asset Supervision and Administration Commission (SASAC), North United Assets and Equities Markets (NUAEM) | |