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| Lou Jiwei (front row middle), chairman of the AIIB Council and Chinese minister of finance, Shi Yaobin, deputy minister of finance, visit the headquarters building of the AIIB on Jan. 17 in Beijing. (Xinhua/Li Xin) |
The headquarters of the AIIB, located in Beijing Financial Street, was officially put into use on Jan. 17, 2016.
The Asian Infrastructure Investment Bank (AIIB), a China-initiated multilateral bank, started operational on Jan. 16, marking a milestone to reform global economic governance system.
The AIIB was proposed by Chinese President Xi Jinping in October 2013. Two years later, the bank was formally established as the Articles of Agreement took effect on Dec. 25 last year.
As its name suggests, the AIIB will finance construction of infrastructures — airports, mobile phone towers, railways and roads, etc.
Amid the evolving trend of the global economic landscape, Xi expected the AIIB will help make the global economic governance system more just, equitable and effective.
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