China-backed AIIB to take concrete shape at founders meeting

Last Updated: Sunday, June 28, 2015, 10:03

One of China`s biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.

Germany to be fourth-biggest shareholder in AIIB: Document

Last Updated: Tuesday, June 9, 2015, 23:37

Germany plans to take a 4.1 percent stake in the new China-led Asian Infrastructure Investment Bank (AIIB), making it the fourth-biggest member, according to a finance ministry draft document seen by Reuters on 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.

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.

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.

Australia, Russia sign up for China-led AIIB

Last Updated: Saturday, March 28, 2015, 18:48

Australia and Russia on Saturday announced their decision to join the China-funded Asian Infrastructure Investment Bank (AIIB), joining the last-minute rush to sign up to the USD 50 billion bank before the March 31 deadline amid speculation that the US too may apply.