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China-led AIIB Holds First Annual Meeting in Beijing, Brexit Dominates Discussions

Jun 26, 2016 11:40 PM EDT

The China-led Asian Infrastructure Investment Bank (AIIB) held its first annual general meeting in Beijing on Saturday. The finance ministers of most of the 57 member states participated and a host of important financial issues were discussed.

China-led AIIB to Loan $500 Million to India for Solar Energy Expansion

S Satapathy |

Apr 01, 2016 07:11 AM EDT

The Asian Infrastructure Investment Bank (AIIB), where India is the second biggest shareholder after China, is looking to raise $500 million to support Prime Minister Narendra Modi's plan to expand the country's solar capacity to 100 gigawatts by 2022.

Philippines to Join China-Led Asian Infrastructure Investment Bank

Ryan General |

Dec 31, 2015 11:00 AM EST

The Philippines on Wednesday announced that it would join the China-led Asian Infrastructure Investment Bank (AIIB) before the year-end deadline for founding members.

China's Own World Bank to Debut January Amid US' Doubts

Ryan General |

Dec 05, 2015 08:19 PM EST

The China-backed Asian Infrastructure Investment Bank (AIIB) is set to open in January and is planning to lend US$10 billion -$15 billion per year to start, Mr. Jin, the man in charge of the launch, said Thursday. This is amid concerns raised by the United States about whether or not the AIIB would have appropriately high criteria on governance and environmental and social precautions.

Xi Jinping Offers To Spread Chinese Prosperity Across Asia

Vittorio Hernandez |

Mar 29, 2015 10:18 PM EDT

To convince Asians that the regional bank that it is setting up to the Asian Development Bank is the better alternative for the region, Chinese President Xi Jinping promised that China would spread the prosperity and cooperation across Asia.

Australia Divided Over China’s New Fund As Pressure From U.S. Mounts

Bianca Ortega |

Oct 20, 2014 04:20 AM EDT

Australia's senior cabinet ministers are still have not decided if they should agree to China's proposed development bank funded by international investors as the U.S. is pressuring them not to sign the deal.