The headquarters will be located in the north of Beijing, between the Olympic Forest Park
and the iconic Bird's Nest Stadium, with construction expected to be completed by the end of 2019, the bank said in an online statement.
Speaking at the ceremony, the AIIB
Liqun said, "This bank sets out to be lean, clean and green, and there is no better site in Beijing
to highlight our green commitment than alongside the beautiful Olympic Forest Park."
has been using temporary offices on downtown Beijing's Financial Street
since beginning operations in January.
expects the headquarters to serve as a new city landmark and provide a solid foundation for the bank's development.
was officially established late last year with 57 founding members. With authorised capital of $100 billion, China
is the largest shareholder with 26.06 per cent voting shares.
is the second largest shareholder with 7.5 per cent followed by Russia
at 5.93 per cent and Germany
with 4.5 per cent.
In June, the bank approved its first four loans, totalling $509 million, to fund power, housing and transportation projects in Bangladesh, Indonesia, Pakistan