Canada to apply to join China-backed AIIB
The AIIB is an independent institution with its own secretariat.
Aug 31, 2016, 16:35 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
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.
Apr 29, 2015, 10:41 AM IST
