The Asian Infrastructure Investment Bank is referred to as the AIIB for short.
The AIIB is an intergovernmental multilateral development institution in Asia, focusing on supporting infrastructure construction, with a statutory capital of 1 billion US dollars, headquartered in Beijing, and Jin Liqun as its first president. The Asian Infrastructure Investment Bank was established in Beijing on October 24th, 214. The first batch of interested founding members included finance ministers and authorized representatives from 21 countries including China, India and Singapore.
Asian Infrastructure Investment Bank (AIIB) not only consolidates the infrastructure construction as the engine of economic growth, but also improves the utilization efficiency of Asian capital and its contribution to regional development. Infrastructure investment is the foundation of economic growth, which has great potential in all kinds of commercial investment and strong driving force for growth.
Significance of establishment
"Studying how to turn high savings in Asia into high investment" is one of the tasks of preparing for the establishment of an Asian infrastructure investment bank. China advocates the establishment of the Asian Infrastructure Investment Bank (AIIB), which will not only continue to promote the further reform of the International Monetary Fund (IMF) and the World Bank (WB), but also supplement the current investment, financing and international assistance functions of the Asian Development Bank (ADB) in the Asia-Pacific region.
The establishment of the Asian Infrastructure Investment Bank (AIIB) will make up for the huge gap in infrastructure investment in Asian developing countries, reduce the capital outflow in Asia and invest in the "vitality and growth" of Asia.
the Asian infrastructure investment bank (AIIB) is another initiative of China to dominate the international financial system after the establishment of the BRICS Development Bank (NDB) and the SCO Development Bank. This also reflects China's attempt to exert the power of capital in international finance in its diplomatic strategy. What is more worth looking forward to is that the Asian infrastructure investment bank may become the institutional guarantee for the internationalization of the RMB and facilitate the RMB to "go out to sea". On April 1, 214, when attending the Boao Forum, Lou Jiwei, Minister of Finance of the People's Republic of China, revealed that under the mechanism of the AIIB, the People's Republic of China also promoted the establishment of a trust fund to invest in infrastructure and fully accepted social capital. Lou Jiwei said that investing in infrastructure has special practical significance in the current economic downturn. "The infrastructure investment in the United States needs 2 trillion US dollars, and Europe and Asia are similar." He believes that there is a lack of mobilization ability to promote infrastructure construction in Asia. Therefore, "the Asian Infrastructure Investment Bank (AIIB) is being prepared, and the mechanism has been established and two meetings have been held."
as of April 15th, 215, the "friends circle" of Asian infrastructure investment banks promoted by China has reached 57 countries.
Although it is called "AIIB", its founding members are all over Asia, Europe, Africa, South America and Oceania. This initiative of China has gained global recognition and set off an "AIIB fever".
throughout the birth of the aiib, the diplomatic expressions of "dark war", "confrontation" and "confrontation" between China and the United States frequently appear in major media. Influenced by domestic and foreign factors, the decision-making process of joining the AIIB is different.
the successful implementation of the aiib initiative has become a landmark event, and the final result also shows that all parties agree with the win-win concept of China cooperation.