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China's legislature ratifies AIIB agreement

(People's Daily Online)    15:36, November 04, 2015
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China's top legislature on Wednesday ratified the Asian Infrastructure Investment Bank (AIIB) agreement, which lays the legal framework for the bank.

The agreement stipulates that it will enter into force as soon as at least 10 members which have signed the agreement, holding no less than 50% of the bank's stake submit ratifications of the agreement.

So far, Myanmar, Singapore and Brunei have already submitted their ratification documents.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Liang Jun,Bianji)

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