Asian Development Bank and Hong Kong: Fact Sheet

Abstract

This ADB Fact Sheet provides information on Hong Kong, China's contributions to ADB in terms of capital subscription and funding, delegates of Hong Kong, China to ADB, and the involvement of Hong Kong, China companies and consultants in ADB projects. The Asian Development Bank (ADB) is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 66 member nations—47 from the region—who have committed $116 billion to the vision of a region free of poverty. Hong Kong, China is the 25th largest shareholder. It has contributed $275.42 million in capital subscription and $55.96 million to special funds since joining in 1969. Despite many successes, the region is still home to two thirds of the world's poor: nearly 1.9 billion people who live on $2 a day or less, with 620 million struggling on less than $1 a day. Companies and consultants from Hong Kong, China have been awarded $730.88 million in procurement contracts on ADB-financed projects since 1970.