Publication:
The Urban Development Investment Corporations (UDICs) in Chongqing, China

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:23:50Z
dc.date.available2012-03-19T10:23:50Z
dc.date.issued2010-01-01
dc.description.abstractUrban Development Investment Corporations (UDICs) have over the years become the central pillar in the local government drive to build infrastructure in China, where local governments are not allowed to engage in direct market borrowing. UDICs were established during the early 1990s when local governments were under great pressure to both build municipal infrastructure and to reform the role of the government in infrastructure development. The UDIC model provided the local governments with a corporate government structure to borrow from the market and quickly develop infrastructure. They are treated as municipal corporations under the Company Law of the Peoples' Republic of China (PRC). The law does not clarify the relationship between UDICs and the local government, including the limits of the financial liability of the local governments vis-a-vis UDICs. The Government of China (GOC) agencies expect that the World Bank (WB) Technical Assistance Report (TAR), based on the detailed analysis of the financial operations of a selected UDIC in Chongqing, will offer critical technical assistance to the Chongqing Municipal Government (CMG), which can also be shared with other Chinese cities. The GOC agencies realize that this TAR is the first step in the right direction, in that it will specifically address the needs of a reform-minded municipal government and clarify one UDIC model in detail. It is anticipated that similar efforts can be undertaken in the coming years with other reform-minded and high-priority cities that are employing different models of UDIC to finance municipal infrastructure.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100813023912
dc.identifier.doi10.1596/2888
dc.identifier.urihttps://hdl.handle.net/10986/2888
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADB
dc.subjectAMORTIZATION
dc.subjectASSET LIABILITY MANAGEMENT
dc.subjectASSET MANAGEMENT
dc.subjectASSET SALES
dc.subjectASSET TRANSFERS
dc.subjectAUCTION
dc.subjectAUDITING
dc.subjectBALANCE SHEET
dc.subjectBALANCED BUDGETS
dc.subjectBANK
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR REFORMS
dc.subjectBANKS
dc.subjectBOND
dc.subjectBOND ISSUANCE
dc.subjectBONDS
dc.subjectBORROWING
dc.subjectBUDGET
dc.subjectBUDGETING
dc.subjectBUDGETS
dc.subjectCAPITAL
dc.subjectCAPITAL BASE
dc.subjectCAPITAL REQUIREMENT
dc.subjectCAPITAL STRUCTURE
dc.subjectCAPITALS
dc.subjectCASH FLOW
dc.subjectCASH FLOWS
dc.subjectCENTRAL GOVERNMENTS
dc.subjectCOLLECTIONS
dc.subjectCOMMERCIAL BANK LOANS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPANY LAW
dc.subjectCONTINGENT LIABILITIES
dc.subjectCONTINGENT LIABILITY
dc.subjectCONTRACT
dc.subjectCONTRACTS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOSTS
dc.subjectCREDIT
dc.subjectCREDIT RATING
dc.subjectCREDIT RATING AGENCY
dc.subjectCREDIT RISK
dc.subjectCREDITWORTHINESS
dc.subjectCRITERIA
dc.subjectCURRENT ASSETS
dc.subjectDEBT
dc.subjectDEBT MANAGEMENT
dc.subjectDEFICITS
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT BANKS
dc.subjectDIRECT INVESTMENTS
dc.subjectDRAINAGE
dc.subjectDRIVERS
dc.subjectDRIVING
dc.subjectENTERPRISES
dc.subjectEQUITY
dc.subjectEXCESS LIQUIDITY
dc.subjectEXPENDITURE ASSIGNMENTS
dc.subjectEXPRESSWAYS
dc.subjectFINANCE
dc.subjectFINANCE INFRASTRUCTURE
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL LEVERAGE
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL PLANNING
dc.subjectFINANCIAL POLICIES
dc.subjectFINANCIAL RISK
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCIAL WEAKNESS
dc.subjectFINANCING OF INFRASTRUCTURE
dc.subjectFINANCING SOURCES
dc.subjectFISCAL DECENTRALIZATION
dc.subjectFISCAL POLICY
dc.subjectFIXED ASSET
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RISK
dc.subjectFOREIGN EXCHANGE RISK MANAGEMENT
dc.subjectFUTURE
dc.subjectGOOD
dc.subjectGOVERNANCE
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT REGULATION
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SUBSIDY
dc.subjectGRANTS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGUARANTEE
dc.subjectGUARANTEES
dc.subjectHIGHWAY
dc.subjectHIGHWAY CONSTRUCTION
dc.subjectHIGHWAY PROJECTS
dc.subjectHIGHWAYS
dc.subjectHOUSING
dc.subjectHUMAN RESOURCES
dc.subjectINDUSTRY
dc.subjectINFORMATION SYSTEM
dc.subjectINFRASTRUCTURE
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINITIATIVES
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSURANCE
dc.subjectINTANGIBLE
dc.subjectINTEREST
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE RISK
dc.subjectINTEREST RATES
dc.subjectINTERESTS
dc.subjectINTERNAL CONTROLS
dc.subjectINTERNATIONAL CREDIT
dc.subjectINTERNATIONAL CREDIT RATING
dc.subjectINTERNATIONAL RATING AGENCY
dc.subjectINVESTMENT CORPORATION
dc.subjectINVESTMENT CORPORATIONS
dc.subjectINVESTMENT RISK
dc.subjectINVESTMENTS
dc.subjectINVESTOR
dc.subjectJOINT STOCK COMPANY
dc.subjectLABOR
dc.subjectLAND
dc.subjectLAND DEVELOPMENT
dc.subjectLAND USE
dc.subjectLAND USE POLICIES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLENDING
dc.subjectLIABILITY
dc.subjectLIABILITY MANAGEMENT
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY POSITION
dc.subjectLOAN
dc.subjectLOANS
dc.subjectLOCAL FEES
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENT TAXES
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOCAL LAWS
dc.subjectMANAGEMENT INFORMATION SYSTEMS
dc.subjectMANDATES
dc.subjectMARKET
dc.subjectMARKET BORROWING
dc.subjectMARKET DEVELOPMENT
dc.subjectMARKETS
dc.subjectMATURITIES
dc.subjectMILEAGE
dc.subjectMUNICIPAL GOVERNMENTS
dc.subjectMUNICIPALITIES
dc.subjectOPERATIONAL REVENUES
dc.subjectOPERATIONAL RISKS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPETROLEUM GAS
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRICE SETTING
dc.subjectPRICING
dc.subjectPRIMARY MARKET
dc.subjectPRINCIPAL
dc.subjectPROFIT
dc.subjectPROFIT MARGIN
dc.subjectPROFITABILITY
dc.subjectPROJECTS
dc.subjectPROPERTY
dc.subjectPUBLIC BUDGETS
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUBLIC UTILITIES
dc.subjectRAIL TRANSPORT
dc.subjectRAIL TRANSPORTATION
dc.subjectRAILWAY
dc.subjectRAILWAY SECTOR
dc.subjectRAILWAYS
dc.subjectREORGANIZATION
dc.subjectREVENUE
dc.subjectREVENUE ASSIGNMENT
dc.subjectREVENUE SOURCES
dc.subjectRING ROAD
dc.subjectRING ROADS
dc.subjectRISK
dc.subjectRISK CONTROL
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRISK PROFILE
dc.subjectROAD
dc.subjectROAD MAINTENANCE
dc.subjectROAD PROJECTS
dc.subjectROADS
dc.subjectSAFETY
dc.subjectSANITATION
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSECURITY
dc.subjectSERVICES
dc.subjectSHARE
dc.subjectSTOCK
dc.subjectSTRUCTURAL PROBLEMS
dc.subjectSUBNATIONAL GOVERNMENTS
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIARY
dc.subjectSUBSIDIES
dc.subjectSUBSIDY
dc.subjectTAX
dc.subjectTAX REFORM
dc.subjectTAX REVENUE
dc.subjectTAXATION
dc.subjectTAXES
dc.subjectTAXIS
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTOLL
dc.subjectTOLL REVENUES
dc.subjectTOLL ROADS
dc.subjectTRAFFIC
dc.subjectTRAFFIC LAWS
dc.subjectTRAFFIC MANAGEMENT
dc.subjectTRAFFIC SYSTEM
dc.subjectTRAINS
dc.subjectTRANSFERS
dc.subjectTRANSPARENCY
dc.subjectTRANSPORT
dc.subjectTRANSPORT TERMINALS
dc.subjectTRANSPORTATION CONSTRUCTION
dc.subjectTRANSPORTATION PLAN
dc.subjectTRANSPORTATION PROJECTS
dc.subjectTRANSPORTATION SERVICES
dc.subjectTREASURY
dc.subjectTRUE
dc.subjectTUNNELS
dc.subjectURBAN DEVELOPMENT
dc.subjectURBAN RAIL
dc.subjectURBAN ROADS
dc.subjectURBANIZATION
dc.subjectVALUE
dc.subjectVEHICLE
dc.subjectVEHICLES
dc.subjectWAGES
dc.subjectWATER SUPPLY
dc.subjectWRITEOFFS
dc.titleThe Urban Development Investment Corporations (UDICs) in Chongqing, Chinaen
dspace.entity.typePublication
okr.date.disclosure2010-08-13
okr.date.doiregistration2025-05-07T11:42:55.631754Z
okr.doctypeEconomic & Sector Work::Other Urban Study
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20100813023912
okr.globalpracticeSocial, Urban, Rural and Resilience
okr.globalpracticeGovernance
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.guid512421502435873171
okr.guid863961468261896062
okr.identifier.externaldocumentum000334955_20100813023912
okr.identifier.internaldocumentum12648119
okr.identifier.report56175
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/08/13/000334955_20100813023912/Rendered/PDF/561750ESW0Whit1C10Chongqing1UDIC1en.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryChina
okr.region.geographicalEast Asia
okr.region.geographicalAsia
okr.sectorSub-national government administration
okr.sectorGeneral finance sector
okr.sectorCapital markets
okr.sectorBanking
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorFinance
okr.topicUrban Development::Municipal Financial Management
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicTransport Economics Policy and Planning
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicTransport
okr.unitChina & Mongolia Sustainable Dev (EASCS)
okr.volume1 of 1
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