Beijing to host 1st AIIB meeting

The Asian Infrastructure Investment Bank is to hold its annual meetings in June each year, with the first being convened this year in Beijing, according to a Finance Ministry official.

The meeting will come just five months after the bank becomes formally operational this month, according to the official, who declined to be named.

The first meetings of the bank's board of governors and board of directors, due to be held from Jan 16 to 18, will elect the first president and 12 constituency directors. It will also draw up rules on operations, financing and human resources.