Hong Kong To Join China-Led AIIB As Lender Adds 13 New Members

Hong Kong has been approved as a member of the China-led Asian Infrastructure Investment Bank (AIIB), while the lender added 13 new members to expand its membership to a total of 70.

The AIIB was launched in January 2015 with 57 founding members as a multinational development bank designed to provide financial support for infrastructure development and regional connectivity in Asia.

This is the first expansion since AIIB's inception, with other new members joining including Afghanistan, Belgium, Ireland, Peru, Fuji, Hungary, Armenia, Ethiopia, the Republic of Sudan and Venezuela.

"The interest in joining the AIIB from around the world affirms the rapid progress we have made to establish the bank as an international institution," the bank’s president Jin Liqun said in a statement. "I am very proud that the AIIB now has members fro...

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