USEUROPEAFRICAASIA 中文双语Français
Home / Business

Regional bank in the works: Finance Ministry

China Daily | Updated: 2014-03-08 08:41

China has begun preparations to set up a multilateral bank to fund infrastructure projects in Asia, the Ministry of Finance said on Friday in an online statement.

The ministry said the Asian Infrastructure Investment Bank would have an initial paid-in capital of $50 billion, contributed by its members.

The amount and proportion of capital contributed by each member will be decided through discussions, and the capital can be increased as needed, the statement quoted Finance Minister Lou Jiwei as saying.

Regional bank in the works: Finance Ministry

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US