The Asian Development Bank (ADB) will provide funding for a project to improve China's water management system, sources from the bank said on Thursday.

Wang Jianguo, a senior project officer with the ADB, said the project, named Policy Study on Market-Based Instruments for Water Pollution Control, will help the country achieve its water pollution control target more effectively and efficiently.

Wang Xin, an official with the State Environmental Protection Administration of China, which will be responsible for the project, said it will be launched by the end of the year.