WeChat QR Code

Home>News Center

No Plans to Retain AIIB Veto Power, Expert Says

2015-06-26 08:52:33       source:China Daily

June 26, 2015

"China does not plan to hold onto its veto power over major decisions within the Asian Infrastructure Investment Bank, according to an expert who has been briefed on the final details of its articles of association. 

The articles are expected to be formally signed on Monday, the Chinese Foreign Ministry confirmed on Thursday. The AIIB should be operational by the end of the year.

China has until now held largest-shareholder status, with total voting rights enough to single-handedly block any major decision within the bank."

Read more: