China's AIIB to offer loans with fewer strings attached: Sources

Last Updated: Wednesday, September 2, 2015, 08:42

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

AIIB negotiators endorse ex-Chinese FM as first president

Last Updated: Monday, August 24, 2015, 23:02

Former Chinese finance minister Jin Liqun has been unanimously endorsed as the official candidate for the AIIB president by the founding member nations, including India, taking another step forward in their bid to create a rival to the World Bank and IMF.

BRICS, AIIB banks to break IMF, WB monopoly: China think tank

Last Updated: Monday, July 13, 2015, 18:40

The formation of the New Development Bank (NDB) by the BRICS nations along with the formation of the Asian Infrastructure Investment Bank (AIIB) will break the monopoly of the IMF and World Bank and make their functioning more democratic, a state-run Chinese think tank has said.

China nominates Jin Liqun as AIIB president

Last Updated: Monday, July 6, 2015, 18:39

China Monday named a former finance minister as its choice to head the Beijing-backed Asian Infrastructure Investment Bank (AIIB) which is being seen as a rival to the US and Europe-dominated banking institutions.

AIIB will not negatively impact BRICS Development Bank: China

Last Updated: Wednesday, July 1, 2015, 17:48

The bank will complement existing multilateral banks connectivity in the region.

China to hold some veto powers in new Asian bank

Last Updated: Monday, June 29, 2015, 16:00

China will hold over a quarter of the votes in the new Asian Infrastructure Investment Bank (AIIB), its finance ministry said on Monday, giving it a veto in some key decisions despite Beijing insisting it will not have such powers.

50 nations, including India, sign agreement on China-led AIIB

Last Updated: Monday, June 29, 2015, 12:29

The 60-article agreement specified each member's share as well as governance structure and policy-making mechanism of the bank, which is designed to finance infrastructure in Asia.

57 countries hold signing ceremony to set up China-led bank: AFP

Last Updated: Monday, June 29, 2015, 07:46

The 57 founding member countries of the China-led Asian Infrastructure Investment Bank began signing articles of association setting up the new institution on Monday.

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.

Jaitley to skip FMs meet to sign agreement on AIIB in Beijing

Last Updated: Saturday, June 27, 2015, 18:43

The official, however, did not give any reasons for Jaitley skipping the meeting but it may be because of pressing domestic issues.

Australia to join China-led infrastructure bank

Last Updated: Wednesday, June 24, 2015, 15:42

Australia on Wednesday announced that it will join the new China-led Asian Infrastructure Investment Bank as a founding member, contributing about 930 million dollars to the financial institution of which India will be the second-largest shareholder.

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.