China has top share of voting rights in swap arrangement

The nation has the highest share of voting rights for a contingency reserve arrangement worth $100 billion agreed to by the BRICS (Brazil, Russia, India, China and South Africa) nations as it has pledged the largest amount of capital as part of its participation in the swap arrangement, said a representative of the nation's central bank in a statement on Thursday.

The voting rights are linked to the committed capital, but 5 percent of the total voting rights are divided equally among the five countries.

China has 39.95 percent of the voting rights while Brazil, Russia and India each have 18.1 percent and South Africa has 5.75 percent.