China to have 'veto power' over AIIB: Report

Last Updated: Tuesday, June 9, 2015, 23:23

China will ultimately have "veto power" over major decisions of the new Beijing-led Asian Infrastructure Investment Bank, the Wall Street Journal reported Tuesday.

China to have `veto power` over infrastructure bank: Report

Last Updated: Tuesday, June 9, 2015, 10:15

According to the bank`s articles of incorporation, China is providing nearly $30 billion of the institution`s $100 billion capital base, giving Beijing between 25 to 30 percent of total votes, it said.

China-backed AIIB sets target to be operational by year-end

Last Updated: Friday, May 22, 2015, 13:22

AIIB said in a statement that the meeting finalised the articles of agreement, which are expected to be ready for signing by the end of June, but did not give details.

China, India likely to be largest shareholders of AIIB: Sources

Last Updated: Friday, May 22, 2015, 10:09

China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank (AIIB) and India share will be likely between 10 to 15 percent.

Japan unveils $110 bn plan to fund Asia infrastructure, eye on AIIB

Last Updated: Thursday, May 21, 2015, 22:31

Japanese officials said the plan, announced by Prime Minister Shinzo Abe at a symposium of Asian officials and experts, represents a 30 percent increase over Tokyo`s past infrastructure funding.

China, India, Russia to be top 3 shareholders of AIIB: Expert

Last Updated: Thursday, May 21, 2015, 18:35

China will be the largest shareholder in the newly floated Asia Infrastructure Investment Bank (AIIB) with a 30.85 percent stake followed by India and Russia, Chinese officials have said.

Japan, China may discuss AIIB during finance talks June 6

Last Updated: Thursday, May 21, 2015, 09:43

Japanese and Chinese finance officials will hold talks on June 6 in Beijing to discuss ways to promote cooperation between the two countries and may exchange views on the China-led Asian Infrastructure Investment Bank (AIIB), Japanese officials said.

AIIB founding members to meet in Singapore today

Last Updated: Wednesday, May 20, 2015, 09:12

Founding members of China-led AIIB, including India, will hold a three-day meeting here from Wednesday to discuss operational policies for the establishment of the institution.

Greece risks deep recession if talks with creditors fail: EBRD

Last Updated: Thursday, May 14, 2015, 15:14

Greece would likely fall back into a major recession, the size and duration of which are difficult to quantify now.

No plans for AIIB branches abroad, says Chinese official

Last Updated: Thursday, May 7, 2015, 15:01

The AIIB will officially be launched somewhere between the end of 2015 and early 2016

ADB says will maintain standards when cooperating with AIIB

Last Updated: Saturday, May 2, 2015, 16:04

The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars.

India likely to become Vice President of China floated AIIB

Last Updated: Wednesday, April 22, 2015, 17:26

Chief negotiators of the countries would hold a key meeting next week to begin consultations to finalise the format of the AIIB's functioning, including the voting share.