AIIB reflects China's constructive role

The finance ministers or authorized representatives of 50 founding members of the Asian Infrastructure Investment Bank signed the AIIB Agreement on June 29; representatives of other founding members can do so before the end of 2015.

This development adds momentum to China's efforts to build a multipolar financial network comprising the AIIB, the New Development Bank of BRICS states and the proposed Development Bank of Shanghai Cooperation Organization, and promote economic integration and common development through the "Belt and Road Initiative".

China realizes the important role of finance in global cooperation and development, and international relations, for which it will shoulder greater responsibilities and carry out more experiments with its foreign policy through financial diplomacy.