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Key features of the AIIB

China Daily | Updated: 2015-06-30 07:22

1. China retains veto power over major decisions made by the AIIB (as the largest shareholder with about 30 percent share, and about 26.16 percent of total voting rights). But China will not seek permanent veto power in future.

2. The text of the AoA is in English, Chinese and French. Its official working language will be English.

3. The AIIB's public procurement contracts will be open to all countries, not just those from member countries, as currently practiced by the Asian Development Bank.

Key features of the AIIB

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