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AIIB to be put into operation by the end of 2015

(People's Daily Online)    13:40, May 19, 2015

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Asian Infrastructure Investment Bank (AIIB) will be put into management by the end of 2015, according to Chinese vice foreign minister Liu Zhenmin.

Asian Cooperation Dialogue (ACD) -- cooperation summit on joint development of "Belt and Road" and Asia Business Conference was held in Fuzhou, southeast China's Fujian province on May 18, 2015. Officials from Ministries of Foreign Affairs, ambassadors and representatives to China from 31 ACD member countries attended the conference.

China's President Xi Jinping came up with the proposal of a community of common destiny on 2015 Boao Asia Forum, outlining a good future for cooperation and development in Asia.

There are many achievements in development of "Belt and Road", according to Liu. China has released a document to promote joint construction of Silk Road Economic Belt and 21st Century Maritime Silk Road, there are substantive progress in preparation work of AIIB, China has launched Silk Road Fund and several infrastructural and connective projects are under construction.

Finance play a pioneer role in "Belt and Road Initiative" and Asian cooperation development, said the vice minister.

Silk Road Fund is a mid-to-long term investment fund to promote social and economic development of countries along the "Belt and Road" and to promote bilateral and multilateral interconnection, according to Wang Dan, Vice Director of The Silk Road Fund Ltd.

Wang pointed out that The Silk Road Fund will abide by internationalization, marketization and professionalization principles and will be operated commercially and open. The Silk Road Fund is willing to cooperate with international and regional development institutions, national and foreign financial companies and other investment funds. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yuan Can,Gao Yinan)

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