Chinese Investment Bank

Asian Infrastructure Investment Bank: Australia sixth-biggest shareholder in China bank

abc.net.au Australia has become a major shareholder in the first China-led multilateral institution, the Asian Infrastructure Investment Bank (AIIB). Representatives from 50 countries, including Treasurer Joe Hockey, took part in a signing ceremony of the articles of agreement at the Great Hall of the People in Beijing. China’s finance ministry said seven other countries that applied to join did not …