Barack Obama says not opposed to China-led AIIB

Last Updated: Wednesday, April 29, 2015, 10:41

US President Barack Obama has said the US is not opposed to China-led AIIB but cautioned that money could be "misused" if the new bank does not adhere to high accounting standards and transparency.

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.

How China is upsetting the old global economic order

Last Updated: Sunday, April 19, 2015, 07:23

With its huge new infrastructure bank and its ambitions for a globalized renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.

New bank to enhance international finance system: China

Last Updated: Sunday, April 19, 2015, 02:03

China's proposed infrastructure bank for Asia is intended to complement and not replace existing lenders dominated by the US and Japan, a senior Chinese official said yesterday.

China-led AIIB will be lean, clean and green: Official

Last Updated: Sunday, April 12, 2015, 10:56

The bank has seen more than 40 prospective founding members by Saturday, with Spain, South Korea and Austria as the most recent prospective founding members.

Japan mulls joining China-proposed new Asian bank

Last Updated: Wednesday, April 8, 2015, 17:30

Japan has not ruled out joining a new China-led multilateral development bank and is considering a contribution of about $1.5 billion to its initial capitalisation, according to a draft government paper.

World Bank welcomes China's new bank in poverty fight

Last Updated: Tuesday, April 7, 2015, 22:18

China's new development bank can have an important role in fighting extreme poverty if it establishes high standards for its projects, World Bank President Jim Yong Kim said on Tuesday.

Taiwan welcome to join AIIB under an "appropriate name": China

Last Updated: Wednesday, April 1, 2015, 16:28

China welcomes Taiwan's participation in the AIIB under an appropriate name, an official Chinese spokesman in-charge of Taiwan affairs said.

US ready to accept China-led infrastructure bank: US Treasury Secretary

Last Updated: Wednesday, April 1, 2015, 10:25

China and 20 other countries signed a memorandum of understanding to establish the Beijing-headquartered bank in October.

30 countries approved to join AIIB as founding members: China

Last Updated: Tuesday, March 31, 2015, 20:34

China on Tuesday said 30 countries, including India, have been appointed as prospective founding members of the Asian Infrastructure Investment Bank (AIIB) even as it indicated that arch-rival Taiwan's surprise bid to join the Beijing-based institution may not be approved.

Japan denies plan to join China-led development bank

Last Updated: Tuesday, March 31, 2015, 11:21

Japan on Tuesday ruled out any immediate plan to join the Beijing-backed Asian Infrastructure Investment Bank (AIIB), categorically denying a news report that its ambassador to China said Tokyo is likely to take part.