Asian Infrastructure Investment Bank (AIIB)
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Asian Infrastructure Investment Bank (AIIB)

Asian Infrastructure Investment Bank (AIIB)
Asian Infrastructure Investment Bank (AIIB)
The Asian Infrastructure Investment Bank (AIIB) is a China-led international financial institution created to offer finance to infrastructure projects as part of China's Silk Road initiative, with a focus on bolstering links across Asia, the Middle East, Africa and Europe. Some government officials and analysts have said growing dissatisfaction among emerging economies at the failure to reform the International Monetary Fund's decision-making system encouraged China to set up the new international lender, with 57 participating countries.
Chairman / President
Jin Liqun
CEO / Managing Director
Luky Eko Wuryanto
CFO / Finance Director
Andrew Cross
Industry
Finance
Website
aiib.org/en/
Headquarters address
Beijing, China
Year founded
2016
last updated:
28 August, 2024
President Xi Jinping speaks at the Brics summit in Russia on Wednesday. Photo: Reuters
Global monetary policy

As China urges global financial reform, Global South ties more crucial: analysts

The world’s second-largest economy is looking to balance the scales of international financial governance under a system dominated by the World Bank and IMF.

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Banking & finance

VP of China-based AIIB says bank has proven doubters ‘100% wrong’

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Banking & finance

AIIB adds new member as development bank embarks on grand global mission

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China trade

Amid China-EU tensions, society is in harm’s way: former Finnish prime minister

Warning about protectionist trade actions comes on sidelines of Asian Infrastructure Investment Bank’s annual conference, in Uzbekistan.

Beijing has expressed concerns over the de-risking strategy of the EU, which is China’s second-largest export destination. Photo: Shutterstock
Belt and Road Initiative

Explainer | What, where, how: the next 10 years of China’s evolving Belt and Road Initiative

With focus of global trade plan shifting, gone may be the days when huge infrastructure projects left partner countries holding a big bill and facing environmental implications.

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4
Diplomacy

Opinion | As Western-led order crumbles, can China and India fulfil their destinies?

In spite of their border dispute, India and China have been steering a course for continued dialogue and cooperation.

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Climate change

Opinion | Alliances like Nato out of touch with world in need of human security

In an era where climate change, food and energy security and poverty top the agenda, military-focused alliances are not fit for purpose.

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British Prime Minister Keir Starmer (left) looks on as US President Joe Biden speaks during an event at the Nato summit in Washington on July 11. Alliances built with national security at their core are increasingly out of step with the demands of a world in need of improved human security. Photo: AP
Business of climate change

Asian infrastructure bank’s chief looks to fund Asean climate projects

Asean nations need to ‘ramp up efforts to finance climate change mitigation and adaptation projects’, Jin Liqun says.

Brazil

Open Questions | Brazil’s vice-president talks China ties and boosting trade amid complaints

Geraldo Alckmin also discusses the decision to impose tariffs on Chinese steel and Beijing’s help after his country’s worst climate disaster.

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Banking & finance

Former UK politician Danny Alexander to helm HSBC’s new infrastructure unit

HSBC Infrastructure Finance will tap infrastructure financing and advisory opportunities associated with the transition to a low carbon economy.

A file photo of Danny Alexander from June 2016. The former UK minister will join HSBC to lead the bank’s newly set up infrastructure finance unit. Photo: David Wong
Environment

Opinion | Is the AIIB afraid to hear the true impact of its investments in Asia?

Despite the perception of multilateral development banks as forces of good with do-no-harm mandates, the evidence shows they do actually cause harm. The AIIB was the first such bank to include an oversight mechanism in its founding documents, but it is nearly impossible for people affected to access it.

A Dukha herder tends his reindeer in the forest of northern Mongolia. Nomadic herders in Mongolia have suffered as their livelihoods are hit by climate change and development projects that damage the environment, but avenues for redress are often limited. Photo: Byamba Ochir
China-EU relations

Opinion | China-EU cooperation needed to safeguard globalisation’s future

Amid Sino-US competition, China and Europe can keep the world on a multipolar keel by cooperating in four crucial domains.

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Business of climate change

Singapore’s Seraya closes US$800 million fund backed by BlackRock and AIIB

The oversubscribed fund will focus on bolstering Asia’s digital infrastructure and energy transition with investments in companies including a green data centre operator and an offshore wind farm vessel operator.

Canada

Canada expands probe of China-backed Asian Infrastructure Investment Bank

The government is also suspending its participation in the multilateral organisation indefinitely, Deputy Prime Minister Chrystia Freeland says.

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Canada’s Deputy Prime Minister Chrystia Freeland takes part in a press conference in Ottawa in November. Photo: Reuters
US-China relations

Opinion | Sino-US conflict, China crash? Xi-Biden dialogue suggests otherwise

US dialogue efforts, President Xi Jinping’s warm reception in San Francisco, including from business leaders, and China’s still-impressive economic growth say it all.

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US President Joe Biden gives a thumbs-up as he walks with Chinese President Xi Jinping at Filoli estate on the sidelines of the Apec summit, in Woodside, California, on November 15. Photo: Reuters
China's economic recovery

As economic momentum falters, China tries to maintain hold on global influence

Beijing sends out officials to counter this ‘peak status’ perception, acknowledging short-term problems but framing long-term economic growth as inexorable.

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Diplomacy

Opinion | From wars to global warming, world is crying out for collective action

Amid increased geopolitical strife, our interconnected world requires a collaborative approach on global warming, wars, infrastructure, public health, trade, and more, to safeguard our shared home.

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Banking & finance

Exclusive | Hong Kong’s ‘back in business’ claim rings true to Deutsche Bank CFO

Hong Kong is ‘very much back in motion’, James von Moltke says after the German lender hosts a board meeting in the city. German clients have ‘no sense of a separation of the links’ between the German and Chinese economies, he adds.

Pedestrians traverse a busy crosswalk in Hong Kong. Photo: Getty Images
Belt and Road Initiative

Macroscope | The West should work with China to build infrastructure – not against it

As the West starts to find its feet with financing for its infrastructure, it would be a pity if the largesse was used to compete with China, when the global scale of the challenge calls for cooperation.

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Banking & finance

Opinion | How the IMF, World Bank can survive a world war on free markets

China’s rise and US protectionism have raised questions about the Western economic model, which has helped cause turbulence in emerging economies. Global agreement is needed on a more universal model.

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China-EU relations

Is the Beijing-Berlin financial pledge a ‘thaw’ in Germany’s ties with China?

Dialogue between the two countries is recovering, with top-level commitments on the weekend, analyst says.

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Chinese Vice-Premier He Lifeng (right) and German Finance Minister Christian Lindner prepare for talks in Frankfurt on Sunday. Photo: Xinhua
Belt and Road Initiative

Chinese-backed AIIB seeks to boost Ivory Coast’s trade links to Asia

The project to upgrade 7,000km of roads will help link the agricultural north of the country with major export hubs, including the port of Abidjan.

China-backed AIIB is financing a project to open up the predominantly agricultural region of the northern Ivory Coast to trade with Asia. Photo: Reuters
Asean

Opinion | How Malaysia, China can deepen ties amid South China Sea tensions

Both countries must look beyond trade and investment as their bridges, diversifying their areas of close cooperation. Technology, sustainability and culture are vital avenues.

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China-Africa relations

Solomon Islands joins China-backed AIIB days after PM snubs Biden invite

COP28 president designate praises bank’s new climate action plan; new report questions AIIB accountability process.

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Belt and Road Initiative

Inside Out | For all its flaws, China’s belt and road has lifted the Global South

China understood the critical need for infrastructure, though it perhaps underestimated the challenges of putting together long-gestation infrastructure projects. Whatever the criticism and the numerous projects that have fallen short of expectations, there is infrastructure being built that would never otherwise have been built.

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A train is pictured during a trial run on September 8 along a newly-constructed railway on Padma Bridge in Dhaka, Bangladesh. The railway connects with other belt and road projects and will serve as an important link between China and a pan-Asian rail network. Photo: Xinhua
US-China relations

Opinion | To counter China’s Global South dominance, US must put trade before arms

The US still has distinct advantages, including, critically, a growing population. But it must ease off sanctions and its single-minded focus on security.

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India’s Prime Minister Narendra Modi (right), US President Joe Biden (centre) and other world leaders arrive to pay respects at the Mahatma Gandhi memorial at Raj Ghat, on the sidelines of the G20 summit in New Delhi on September 10. Photo: Pool / AFP /Getty Images / TNS
US-China relations

Inside Out | A fairer, China-led reality awaits US commerce chief Raimondo

Developing countries want a stronger voice in international decision-making and in setting the rules and practices of the future multilateral architecture, and are taking practical steps to achieve that.

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Banking & finance

Opinion | Three lessons the AIIB learned after Pickard’s storm in a teacup

The development bank’s reputational crisis underlined the importance of best practice in crisis communications and staff conduct, and the need for a better understanding of Communist Party membership.

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