Chinese President Xi Jinping (9th R Front) meets with representatives of the prospective founding countries who attended the signing ceremony of the articles of the agreement of the Asian Infrastructure Investment Bank (AIIB) at the Great Hall of the People in Beijing, capital of China, June 29, 2015. Representatives of the 57 prospective AIIB founding countries signed the agreement on Monday in Beijing.

June 29, 2015

"President Xi Jinping said Monday the signing of the Asian Infrastructure Investment Bank (AIIB) agreement is a historic step forward in building the China-initiated multilateral bank.

'The signing of the document reveals the commitment of the parties involved in the founding of the AIIB, as well as their solidarity, cooperation, openness, inclusiveness and quest for common development,' Xi told representatives of the 57 prospective founding countries.

The 60-article agreement specified each member's share as well as the bank's governance structure and policy-making mechanism."

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