e-magazine
Reviving the Beautiful Game
An ambitious plan is unveiled to revamp the sport of football in China
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Sci-Tech
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

Market Avenue
eBeijing

The Latest Headlines
The Latest Headlines
UPDATED: April 13, 2015
AIIB to Be Lean, Clean and Green, Chinese Officials Say
Share

China and all the member countries of the Asian Infrastructure Investment Bank (AIIB) will be committed to building a bank which would be lean, clean and green, said Jin Liqun, secretary general of the interim multilateral secretariat of the China-proposed institution in Singapore on Saturday.

Jin made such remarks at the two-day "Singapore Forum 2015" which concluded Saturday.

"Lean is cost effective; clean, this bank will have zero- tolerance on corruption; green means it's going to promote the economy," he said.

The bank has seen more than 40 prospective founding members by Saturday, with Spain, South Korea and Austria as the most recent prospective founding members.

Talking about whether the increasing number of members would add difficulty on the decision-making process of the AIIB, Long Yongtu, China's former vice trade minister who also attended the forum, told Xinhua that the more countries joining in, the stronger the foundation of AIIB would be.

"Everything has two sides. It would pose some difficulty to the coordination of the positions and interests of all the member countries, especially many of which are at different economic level of development. But it is definitely not good news if the AIIB earned little response."

"AIIB is not the first multi-lateral financial institution, and we have a lot of experiences to borrow," Long added.

His words were also echoed by Jin. "World Bank and Asian Development Bank (ADB) have been operating for decades, and they have gained a lot of experiences in supporting the investment in other countries," he said.

But he also pointed out the difference between the AIIB and the existing institutions.

"China itself benefits enormously from the contribution by World Bank and the ADB. Now it's time for China to do something more for this region. And the difference between AIIB and World Bank and ADB is that this bank focuses exclusively on infrastructure development."

Talking about the operation of the bank, Jin said the bank would not be operated politically, but professionally.

"AIIB is a bank, not a political organization or political alliance. This guaranteed that it would be impossible to operate it in an untransparent way," he said. "AIIB is not China's bank. Many people have put too much emphasis on politics; this is a misunderstanding towards AIIB," said Long.

(Xinhua News Agency April 11, 2015)



 
Top Story
-Home Advantage
-Kickoff for Youth Football
-Strengthened Bonds
-Enlarging Shareholders
-Street Snack Stories
Most Popular
在线翻译
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved