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China AIIB News

Asian Infrastructure Investment Bank

31 Aug 2016

Canada to apply to join China-backed AIIB

The AIIB is an independent institution with its own secretariat.

09 Jun 2015

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.

29 Apr 2015

Barack Obama says not opposed to China-led AIIB

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.

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