devinitorg/iati-policy-markers huggingface dataset:
New China Life Insurance Company Summary Of Project Information (SPI)       Project Name    China-New China Life            Region    Asia        Sector       Project No008312   Projected Board DateFebruary 12, 1997   Company NameNew China Life Insurance Co., Ltd.   Technical Partner and/or Major Shareholders    	The Company currently is owned by 15 SOEs and private-sector shareholders, with seven owning 10% each, and the remaining 30% by 8 smaller shareholders.  All the shareholders are Chinese industrial and trading groups. As part of  its new ownership arrangements, the aggregate public sector shareholding in the Company would be reduced to less than 50%, with a corresponding increase in the local private and foreign shareholding. The Board of the Company has formed a share transfer committee to facilitate the potential investment by IFC and the foreign technical partners in the Company.    Project Cost Including Proposed IFC Investment    	A capital increase of up to US$120 million in the Company, including IFCs equity contribution of up to US$12.5 million equivalent.    Location of Project and Description of Site    	Beijing [Capital City of China]    Description of Company and Purpose of Project   (include IFCs Role and Development Impact)   	          The project will help create the first domestic private sector-led life insurance company in China, with the equity participation and technical affiliation of leading international insurance groups.      	NCLI is a life insurance company recently licensed by the authorities in China, with a mandate to operate nationwide. In addition to supporting private sector entry into the insurance sector in China, IFC expects to collaborate with some of the leading international insurance groups to help open up this sector to overseas investment, which would result in ending the monopoly enjoyed thus far in the domestic market by entities owned directly by the state.    Environmental Category and Issues    	This is an environmental review category C project. No further environmental review will be required.       Date SPI sent to InfoShop     January 12, 1998      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384
Jiahe Project Suzhou Jiahe Foods Industry Co Ltd. (Jiahe or the Company) is Chinas leading manufacturer of non-dairy creamer (NDC)  a key ingredient in packaged beverages, fresh bakery products and processed food. The Company is planning to invest to: (i) upgrade its NDC production lines for capacity expansion; (ii) construct a new R&D center; (iii) set up a beverage mixture production line; (iv) build a freeze-dry coffee facility and (iii) add a modern warehouse (together, the Project). 1. Access to quality food ingredient: By supporting a quality-focused NDC producer, IFC will help Jiahe to set an example for the rest of the sector, and raise the country's overall food safety standards; consumers will benefit from having access to safe and affordable alternative to milk in processed food and beverages.
2. Direct Job creation: The Project is expected to create about 250 direct jobs. The use of quality ingredients by hundreds of SMEs (bakeries and other food companies) will help strengthen their operations and market position.
Zhejiang Glass Company Zhejiang Glass Company, Limited (Zhejiang Glass or the company) is one of the five largest float glass manufacturers in China, and listed on the Main Board of the Hong Kong Stock Exchange. Established in 1994 in Shaoxing, Zhejiang province, the company has grown rapidly in recent years. It currently operates five flat glass production lines with an aggregate daily melting capacity of 2,350 tons; and ix glass processing lines for the production of value-added products such as tempered and laminated glass as well as energy efficient low-emission glass.  In addition, the company has integrated upstream by investing into a 900,000-ton per year soda ash production line in Qinghai Province, in western China, which commenced operation in September 2005.  Most of the companys glass production is destined to the construction sector although it has diversified its sales to the automotive and electronics sectors.      Like many fast growing Chinese companies, Zhejiang Glass has relied on short term debt to fund a significant part of its capital expenditures. During 2004-5, the company has accumulated approximately $200 million equivalent of short-term debt.  The project involves the reduction and refinancing a significant part of its debt through a balance sheet restructuring plan. The project will support Zhejiang Glass efforts to rationalize its balance sheet and return to financial health, so that it can continue to grow and become a leader in Chinas glass industry.  The Government is encouraging the glass industry to upgrade its technology and focus on high quality glass production, which is in-line with Zhejiang Glass strategy.  This project is also consistent with the Governments efforts by supporting a competitive local producer as it integrates upstream to better control its production cost with in-house soda ash. Finally, the companys major investment in a soda ash plant in Qinghai  an interior province where investment opportunities are scarce - is generating more economic activity in a small town, Delingha. The plant is adding significant value to the provinces raw materials and is employing about 1,500 people, composed predominantly of locals. Additional indirect impacts include more revenues for small businesses, such as truck owners, which are benefiting from increased activity.
NewAuto China Beijing-based Newauto Video Ltd. (Newauto or company) is one of the largest providers of video technology products and solutions in China. The company provides total solutions and video equipment systems to local broadcasting stations. Newauto provides products such as character generation software, virtual studio and non-linear editing systems.  Its customers include over 300 TV broadcasting stations in China.    The Chinese video product and technology market is estimated to be $650 million for 2006. Demand is expected to grow at more than 50% per year in the next 3-5 years, mainly driven by large events such as 2008 Beijing Olympic Games. Information technology is an increasingly significant component that underlies the foundation for growth for infrastructure in developing countries. This holds true particularly for China, where growth is fueled by in part by efficient deployment of information technology.    An investment at this stage will allow a local industry leader to expand its range of products and services to measure with its international peers.  An investment will support the companys ability to develop and grow in the domestic broadcasting industry and will assist the local industry to achieve its goals to support the broadcasting industry in its aim to transform to a full digital offering by 2008.
Healthway Project Healthway Medical Corporation Limited (Healthway) is Singapores largest network of private medical centers and clinics offering primary healthcare, dental and specialist services.  Healthway seeks to expand in China by establishing a network of accessible and affordable multi-specialty medical centers and clinics. This project is expected to increase access to high quality medical services in the greater Shanghai area, promote regional integration and dissemination of best operational and clinical practices, provide community health services per the China health care reform blueprint, and generate high quality employment opportunity for medical professionals in China.
ENN Energy Project Chinas rapid economic growth, industrialization, and urbanization over the last 30 years has lifted some 400 million people out of poverty, but also created new environmental challenges. China is now the largest source of SO2 and NOX emissions, and responsible for 60% of the global increase in carbon emissions over the last ten years. This is largely attributable to Chinas heavy reliance on coal (70%) and oil (17%), with natural gas only accounting for 4% of energy consumption. To address climate change and environmental degradation challenges, the Chinese government is promoting the use of natural gas and renewable energy, and clean technologies, as well as improvements on energy efficiency. In its 12th Five-year Plan on greenhouse emission control, China set its new goals of reducing carbon emissions per unit of national income in the next five years from 2010 by 17 % and called for pilot programs that aim to promote a low-carbon economy.   The proposed project is to build and operate around 500 liquefied natural gas (LNG) fueling stations with an objective to make LNG available as a cleaner and cheaper substitute of diesel for long-haul buses and heavy trucks along the key transportation lines across 14 provinces in China (the Project).   A typical LNG truck will have 90% fewer NOX and PM emissions than a diesel truck, 100% fewer SOX emissions, and 30% fewer Greenhouse Gas (GHG) emissions. LNG fuel also enjoys very favorable economics over petroleum with fuel cost savings typically reported in the 30% range as compared to diesel. The objective of the Project is to, together with other similar projects currently undertaken by other gas distribution companies, build a country-wide LNG distribution network in China that will make LNG available to thousands of long-haul buses and heavy trucks along the major inter-province highways and it is expected that the increased availability of the LNG will stimulate a broad conversion of heavy trucks and long haul buses from traditionally being diesel powered to gas powered. (1)	Increase the accessibility of natural gas beyond the reach of gas pipelines by building an LNG distribution infrastructure independent of traditional piped gas distribution; (2)	Contribute to the development of an LNG vehicle market by making LNG available along major transportation lines while LNG availability has been the major bottleneck hindering the growth of the sector;  (3)	Help to reduce local pollution and GHG emissions by promoting the use of natural gas as a cleaner alternative fuel to diesel and gasoline in the transport sector; (4)	Increase competiveness of small enterprises by providing a cost competitive transportation fuel for truck and long-haul bus owners, most of whom are individuals or families from the rural area; and (5)	Increasing employment through the creation of a LNG fueling station network.
Beijing United Family Health Center United Family Hospitals (UFH) is a leading for-profit private healthcare network in China, operating two hospitals and three clinics in Beijing and Shanghai.  It is undertaking an expansion project, including completion of a 50-bed hospital in Shanghai; building and putting into operation a new outpatient clinic in downtown Beijing; upgrade of existing facilities and management system; and establishment of a medical training program targeted at hospital administrators and nurses.
Fullerton II The proposed investment consists of IFC senior loans of up to US$30 million equivalent denominated in RMB  to two existing clients  - Fullerton Credit Services Chongqing (FCS CQ) and Fullerton Credit Services Hubei (FCS HB, together with FCS CQ, the  Companies), to support their business growth in frontier regions in China. Expanding Access to Finance for MSEs: Micro and Small Enterprises ("MSEs") play an important role in creating employment and contributing to local economy particularly in less developed regions. Nevertheless, MSEs are under-served by traditional financial institutions. The expansion of the Companies will help address the issue by increasing credit supply accessible and affordable by MSEs; Supporting Economic Growth in Frontier Regions: Frontier regions in China have experienced much pronounced difficulties in access to finance for MSEs, which hinders the economic growth in these regions. The Companies, operating in two large frontier provinces, i.e., Chongqing and Hubei, will expand access to credit in these regions, specifically to MSEs, thereby supporting the continued growth of the local economy.
DCM Haier Leasing Social Bond The proposed project entails up to US$100 million (or equivalent in RMB) IFC investment in the Social Bond to be issued Haier Financial Services China Co., Ltd (Haier Leasing or the Company). IFC will play an anchor investor role in the social bond placement to help catalyze mobilization from other investors.      The bond will follow the Social Bond Principles, as administered by the International Capital Market Association (ICMA) and verified by a second party. As defined under the draft Social Bond Framework prepared by the Company, the bond proceeds will be used to finance healthcare, education, food/agriculture, SMEs in rural China , and women enterprises in order to ease social issues in inequality, food safety, employment, and women enterprises access to finance. 1)	Stakeholders Effect - Improve access to finance for social sectors, specifically in rural areas:  IFC anticipates that this project will increase access to finance for the provision of essential services in rural areas in such as education, healthcare, food security as well as sustainable agriculture businesses, and the support of SMEs, in particular women enterprises  in China. IFC expects this project to provide innovative long-term financing for end borrowers and improve Haier Leasings capacity related to social financing. 
2)	Market Creation - Sustainability: IFC anticipates that the issuance of the ICMA compliant social bond by Haier Leasing will enable other players in the market to follow suit with internationally recognized instruments to raise funds for social projects including SME, healthcare, education, sustainable agriculture in China. The Project is expected to help create a credible and sustainable market for social bonds in China and is expected to encourage other Chinese institutions to replicate the use of internationally recognized social bond principles to raise funding for social projects.
NANJING KUMHO TIRE CO LTD Summary of Project Information (SPI)       Project Name   	China-Nanjing Kumho Tire Co., Ltd. (NKT)     Region   	Asia     Sector   	Manufacturing     Project Number   	004693     Projected Board Date   	June 19, 1995     Company Name   	Nanjing Kumho Tire Co., Ltd. (NKT)     Technical Partner and/or Major Shareholders     	Kumho & Co., Inc. (Kumho), which is expected to hold 51% of NKTs registered capital, is the largest producer of tires in Korea, and is listed on the Korea Stock Exchange.  The Kumho group of companies is also involved with transportation (Asiana Airlines, Inc.), and petrochemicals manufacturing.  The local sponsor, Nanjing Tyre Factory, which is expected to hold 25% of NKTs registered capital, is a state-owned enterprise which currently produces 400,000 tires per year of an older design.     Project Cost Including proposed IFC investment     	Project cost is about US$119 million to be implemented in phases.  IFCs proposed investment includes an A loan of US$26 million, a B loan of about US$45.5 million, and an equity investment of about US$3.8 million for 8% of NKTs registered capital.     Location of project and Description of site     	The project will be on a greenfield site on the outskirts of Nanjing, a provincial capital about 250 miles from Shanghai.     Description of Company and Purpose of Project     	NKT will have a production capacity of 2.4 million radial tires and 600,000 bias tires per annum to supply the rapidly growing demand for car and light truck tires in China.     Environmental Category and Issues     	This is an environmental review category B project.  Issues include air emissions, liquid effluents, solid and liquid wastes, land use, fire prevention, emergency response and employee exposure to noise, dust and hazardous materials.  The sponsors will design and operate the plant to comply with Chinese and World Bank requirements.  The sponsors have worked with the local collective to facilitate the relocation of about 100 families previously on the site, in accordance with a resettlement plan.    Date SPI sent to PIC				May 15, 1995    	The Environmental Review Summary is expected to be available on or about June 1, 1995 form the Public Information Center.    For additional information contact:  Corporate relations Unit   telephone:  (202) 473-7711   facsimile :  (202) 676-0365  Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html).
Weigao II Project Shandong Weigao Group Medical Polymer Company Limited (Weigao, or the Company), a Chinese medical device company listed on the Hong Kong Stock Exchange, is planning to expand its presence in the Chinese dialysis treatment market through: (i) the expansion of its manufacturing capacity for dialyzer, tubing and related consumables; and (ii) the opening of additional Company-operated standalone dialysis centers  (together, the Project). 1. Increase access to quality and affordable dialysis medical devices. The Project will support an established domestic medical device manufacturer to expand its manufacturing capabilities in dialysis medical device. This is expected to increase the availability and affordability of dialysis medical services.   2. Promote private sector participation in the provision of dialysis treatment. The successful implementation of the Project will demonstrate to other investors the financial viability of a private sector operated standalone dialysis center, which is expected to encourage private sector participation in this area.   3. Create skilled employment opportunities. The Project will create employment opportunities for a number of specialty healthcare positions and provide training and support to its medical staff, including for doctors training for nephrologists.  4. Benefits to the local economy and local linkages: The Project will help create demand for locally-sourced materials, services and labor, majority of which are likely to be provided by small and medium enterprises.
Baidu MCC Loan Chongqing Baidu Micro-Loan Company Ltd (Baidu CQ MCC or the Company), wholly owned by Baidu Inc., was established in October 2015 and registered in Chongqing.  It mainly provides financing to young people to support their vocational education, by using big data-based credit assessment methodology.  The proposed investment will provide mid-term local currency financing to Baidu CQ MCC to help it expand lending business to support young people to access vocational education, and contribute to both access to finance and access to education in China. Increase Access to Finance in China: the proposed investment is expected to increase access to finance for vocational education students who lack of long working experience or existing wealth/properties and therefore have limited access to bank loans, and also help them establish credit records.   Promote Big Data-based Credit Assessment Methodology: the proposed investment is also expected to promote the usage of big data based lending methodology, which can help improve the efficiency and coverage of financing.  Increase Access to Education in China: the proposed investment is expected to enable more young people in China, who has vocational education needs but has limited financial capacity to pay tuitions at once, to access quality vocational education. Improve the Employability and Productivity for Young People: through participating the vocational educations, the students can equip themselves with knowledge and skillset urgently needed for employment or productivity improvement.
Fosun Health The proposed is an equity investment of up to RMB270 million (US$37 million equivalent) in Fosun United Health Insurance Co., Ltd. (Fosun United, or the Company), a licensed health insurance company established in 2017 and offering critical illness insurance, medical insurance, and accidental insurance in China. The Company was jointly initiated by Fosun International, a leading private sector conglomerate in China, and five other domestic shareholders. 1) Stakeholder Effects - Increased access to health insurance to help bridge the coverage gap: IFC anticipates that this project will provide capital to Fosun United to support its new business growth, which will contribute to increased access to health insurance and to grow the number of individual policyholders. 
2) Market Creation  Competitiveness: The Project is expected to increase the competitiveness of the insurance market in China by introducing innovative products geared to specific needs of women through innovation and replication of Fosun Uniteds solutions to each women customers who are currently not sufficiently served by existing insurance companies in China.
China EDU Group China Education Group Company Limited (CEG or the Company) is the owner and operator of three leading higher education and vocational training institutions: Jiangxi University of Technology (JUT), Guangdong Baiyun University (GBU), and Guangzhou Baiyun Technician College of Business and Technology (BTC). CEG has a total student enrollment of 75,255. CEG plans to expand its employment-focused education model in China, including the construction of new campuses as well as the acquisition of existing higher education institutions in China (the Project).   Update related to additional investment under the COVID-19 response facility:   IFC has committed a US$90 million A loan to CEG on September 13, 2021. The investment is to fund several medium to long-term initiatives as a result of COVID-19, including to set up its nursing curriculum, invest in automated hygiene and pandemic monitoring systems, further upgrade its teaching facilities for digital learning, as well as to invest in training programs for its staff. CEGs network has grown to include 12 higher education and vocational training institutions in China and its footprint has also expanded into Australia and United Kingdom. 1. Increase competitiveness and quality in private higher education and vocational training: The Project will contribute to the consolidation trend of the fragmented private higher education and vocational training in China, around the platforms with the highest-quality educational services. This consolidation is expected to catalyze a rise in standards across the sector.

2. Increase access to quality private higher education and vocational training and increase supply of work-ready graduates: The Project will increase access to affordable quality private higher education in China, increasing the supply of work-ready graduates to industries with shortages of qualified entry level staff. 

3. Improve instruction standard through enhanced professional development. The Project will establish a professional development center to deliver training and certification to teachers through professional development activities, including training sessions, webinars, workshops, and events, to help the teachers stay abreast of the changes in student demands, new teaching theories and methodologies and other trends.

4. Employment creation and enhanced local linkages: The Company is expected to directly employ a certain number of additional education professionals after the Project is completed including teachers and administrative staff, as necessary to operate schools. In addition, the Project will create numerous indirect employment opportunities for local communities, and will create demand for locally sourced inputs such as construction materials, and services such as transportation. A large proportion of those materials will be supplied by local MSMEs.