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Post by Deleted on Dec 27, 2015 13:10:14 GMT 7
www.scmp.com/news/china/economy/article/1895003/china-led-asian-infrastructure-investment-bank-just-months-away?utm_source=edm&utm_medium=edm&utm_content=20151227&utm_campaign=scmp_todayChina-led Asian Infrastructure Investment Bank just months away from first loan. After its legal formation on Christmas Day, the China-led bank is now setting up its house rules and seeking candidates for most important jobs. With a new English-only website launched and 23 job openings announced on the same day, the China-led Asian Infrastructure Investment Bank is gearing up for business. The US$100 billion lender, an institution widely seen as a means for Beijing to extend its regional influence, will make its first loan by the middle of 2016, the bank’s president-designate, Jin Liqun (金立群), said. In the meantime, the bank will set up house rules and find people to fill its most important jobs. The AIIB would lend to projects involved in energy and power, transport and telecoms, rural infrastructure, water supply, environment protection and logistics, Jin told Xinhua. It was still pondering whether to finance coal-powered or nuclear plants. “China is very proactive on the AIIB,” said Shi Yinhong, a professor of international relations at Renmin University. “With support from President Xi Jinping (習近平) and Beijing’s deep pockets, China is more active than anyone else in making the AIIB function.” The bank is a diplomatic triumph for Beijing.
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