AIIB is an intergovernmental multilateral development institution in Asia, focusing on supporting infrastructure construction, with a legal capital of 654.38 billion US dollars, headquartered in Beijing, with Jin Liqun as the first president. The Asian Infrastructure Investment Bank was established in Beijing on 20 14,1kloc-0/24 October, and the first batch of finance ministers and authorized representatives from 2 1 countries including China, India and Singapore attended.
Asian Infrastructure Investment Bank (AIIB) not only consolidated the infrastructure construction as the engine of economic growth, but also improved the utilization efficiency of Asian capital and its contribution to regional development. Infrastructure investment is the foundation of economic growth, which has great potential and strong growth momentum in all kinds of commercial investment.
The meaning of creation
"Studying how to turn high savings in Asia into high investment" is one of the tasks of preparing to build an Asian infrastructure investment bank. China initiated the establishment of the Asian Infrastructure Investment Bank (AIIB), which will not only continue to promote the further reform of the International Monetary Fund (IMF) and the World Bank (WB), but also supplement the current investment, financing and international assistance functions of the Asian Development Bank (ADB) in the Asia-Pacific region.
The establishment of the Asian Infrastructure Investment Bank (AIIB) has made up for the huge gap in infrastructure investment in developing countries in Asia, reduced the capital outflow in Asia, and invested in "vitality and growth" in Asia.
The Asian Infrastructure Investment Bank (AIIB) is another initiative of China to dominate the international financial system after the BRICS Development Bank (NDB) and the SCO Development Bank. This also reflects China's attempt to exert the power of capital in international finance in its diplomatic strategy. What is more worth looking forward to is that the Asian Infrastructure Investment Bank may become an institutional guarantee for the internationalization of the RMB and facilitate the RMB's "going out to sea". On April 14, 10, China Finance Minister Lou Jiwei revealed that under the mechanism of AIIB, China people also promoted the establishment of a trust fund to invest in infrastructure and fully accept social capital. Lou Jiwei said that under the current economic downturn, investing in infrastructure has special practical significance. "The infrastructure investment in the United States needs 2 trillion US dollars, and Europe and Asia are similar." He believes that Asia lacks the mobilization ability to promote infrastructure construction. Therefore, "Asian Infrastructure Investment Bank (AIIB) is in preparation, and the mechanism has been established and held two meetings."
By the end of April 20 15, 15, the "friends circle" of Asian infrastructure investment banks promoted by China had reached 57 countries.
Although it is called "AIIB", its founding members are all over Asia, Europe, Africa, South America and Oceania. China's initiative has gained global recognition and set off an "AIIB fever".
Throughout the birth process of AIIB, the expressions of "dark war", "confrontation" and "confrontation" in Sino-US diplomacy frequently appeared in major media. Influenced by domestic and foreign factors, the decision-making process of joining AIIB is different.
The successful realization of "AIIB Initiative" has become a landmark event, and the final result also shows that all parties agree with the win-win concept of China cooperation.