Business / Economy

Chinese legislature starts process of ratifying AIIB agreement

(Xinhua) Updated: 2015-10-20 09:55

BEIJING - China's top legislature will deliberate a proposal concerning the approval of the AIIB agreement at a bimonthly session from Oct 30 to Nov 4, among other proposals and draft laws.

The Asian Infrastructure Investment Bank (AIIB), a China-advocated multilateral development institution tasked with financing infrastructure construction across Asia, has been signed by 53 out of the 57 founding members as of Oct 9.

The session will also consider proposals about a draft law on promoting the nation's booming film industry, a draft charity law and a draft law on deep sea resource exploiting, according to a statement from a meeting of the chairs of the National People's Congress (NPC) Standing Committee on Monday, which was presided over by the committee's chairman Zhang Dejiang.

The Supreme People's Court and the Supreme People's Procuratorate will have their reports reviewed at the upcoming meeting, which will also see the removal and appointment of officials.

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