China nominates Jin Liqun as AIIB president
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.
Jul 06, 2015, 18:39 PM IST
AIIB will not negatively impact BRICS Development Bank: China
The bank will complement existing multilateral banks connectivity in the region.
Jul 01, 2015, 17:48 PM IST
China parliament ratifies BRICS Bank agreement
China`s largely rubber-stamp parliament ratified an agreement with the world`s largest emerging nations on Wednesday to create a new development bank, state news agency Xinhua reported.
Jul 01, 2015, 14:06 PM IST
China to hold some veto powers in new Asian bank
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.
Jun 29, 2015, 16:00 PM IST
57 countries hold signing ceremony to set up China-led bank: AFP
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.
Jun 29, 2015, 07:46 AM IST
China-backed AIIB to take concrete shape at founders meeting
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.
Jun 28, 2015, 10:03 AM IST
Australia to join China-led infrastructure bank
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.
Jun 24, 2015, 15:42 PM IST
Govt has not decided on recapitalisation figures for banks: FM Jaitley
Talking about the Asian Infrastructure Investment Bank, Jaitley said India will be the second largest shareholder in it after China.
Jun 23, 2015, 13:15 PM IST
Germany to be fourth-biggest shareholder in AIIB: Document
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.
Jun 09, 2015, 23:37 PM IST
China to have 'veto power' over AIIB: Report
China will ultimately have "veto power" over major decisions of the new Beijing-led Asian Infrastructure Investment Bank, the Wall Street Journal reported Tuesday.
Jun 09, 2015, 23:23 PM IST
China to have `veto power` over infrastructure bank: Report
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.
Jun 09, 2015, 10:15 AM IST
Japan unveils $110 bn plan to fund Asia infrastructure, eye on AIIB
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.
May 21, 2015, 22:31 PM IST
Japan, China may discuss AIIB during finance talks June 6
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.
May 21, 2015, 09:43 AM IST
AIIB founding members to meet in Singapore today
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.
May 20, 2015, 09:12 AM IST
No plans for AIIB branches abroad, says Chinese official
The AIIB will officially be launched somewhere between the end of 2015 and early 2016
May 07, 2015, 15:01 PM IST
ADB says will maintain standards when cooperating with AIIB
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.
May 02, 2015, 16:04 PM IST
India likely to become Vice President of China floated AIIB
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.
Apr 22, 2015, 17:26 PM IST
China-led AIIB will be lean, clean and green: Official
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.
Apr 12, 2015, 10:56 AM IST
Taiwan welcome to join AIIB under an "appropriate name": China
China welcomes Taiwan's participation in the AIIB under an appropriate name, an official Chinese spokesman in-charge of Taiwan affairs said.
Apr 01, 2015, 16:28 PM IST
US ready to accept China-led infrastructure bank: US Treasury Secretary
China and 20 other countries signed a memorandum of understanding to establish the Beijing-headquartered bank in October.
Apr 01, 2015, 10:25 AM IST
