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Hong Kong signs up to the AIIB

The Hong Kong Special Administrative Region has officially become a member of the Asian Infrastructure Investment Bank, the government of the SAR said on Tuesday. Paul Chan, Hong Kong's financial secretary, said that its expertise in the financial services sector can contribute to the success of the AIIB while its participation in the bank can also create new opportunities. "As the leading international financial center, Hong Kong has a sophisticated, robust and highly liquid financial market, and an abundance of top professionals with global experience, coupled with the unique advantage of 'one country, two systems'," Chan said. He added that Hong Kong is "well placed to help the AIIB to raise funds to finance various infrastructure projects".

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