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AIIB holds groundbreaking ceremony to build Beijing HQ

AIIB has been using temporary offices on downtown Beijing's Financial Street since beginning operations in January

The China-sponsored (AIIB), in which is the second largest shareholder, on Friday held a groundbreaking ceremony in to build its permanent headquarters.

The headquarters will be located in the north of Beijing, between the 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 President Liqun said, "This bank sets out to be lean, clean and green, and there is no better site in to highlight our green commitment than alongside the beautiful Olympic Forest Park."

The has been using temporary offices on downtown Beijing's 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.

The was officially established late last year with 57 founding members. With authorised capital of $100 billion, is the largest shareholder with 26.06 per cent voting shares.

is the second largest shareholder with 7.5 per cent followed by at 5.93 per cent and 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, and Tajikistan.

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Business Standard
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Business Standard

AIIB holds groundbreaking ceremony to build Beijing HQ

AIIB has been using temporary offices on downtown Beijing's Financial Street since beginning operations in January

Press Trust of India  |  Beijing 

The logo of Asian Infrastructure Investment Bank is seen at its headquarter building in Beijing. Photo: Reuters
The logo of Asian Infrastructure Investment Bank is seen at its headquarter building in Beijing. Photo: Reuters

The China-sponsored (AIIB), in which is the second largest shareholder, on Friday held a groundbreaking ceremony in to build its permanent headquarters.

The headquarters will be located in the north of Beijing, between the 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 President Liqun said, "This bank sets out to be lean, clean and green, and there is no better site in to highlight our green commitment than alongside the beautiful Olympic Forest Park."

The has been using temporary offices on downtown Beijing's 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.

The was officially established late last year with 57 founding members. With authorised capital of $100 billion, is the largest shareholder with 26.06 per cent voting shares.

is the second largest shareholder with 7.5 per cent followed by at 5.93 per cent and 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, and Tajikistan.

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AIIB holds groundbreaking ceremony to build Beijing HQ

AIIB has been using temporary offices on downtown Beijing's Financial Street since beginning operations in January

AIIB has been using temporary offices on downtown Beijing's Financial Street since beginning operations in January
The China-sponsored (AIIB), in which is the second largest shareholder, on Friday held a groundbreaking ceremony in to build its permanent headquarters.

The headquarters will be located in the north of Beijing, between the 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 President Liqun said, "This bank sets out to be lean, clean and green, and there is no better site in to highlight our green commitment than alongside the beautiful Olympic Forest Park."

The has been using temporary offices on downtown Beijing's 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.

The was officially established late last year with 57 founding members. With authorised capital of $100 billion, is the largest shareholder with 26.06 per cent voting shares.

is the second largest shareholder with 7.5 per cent followed by at 5.93 per cent and 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, and Tajikistan.
image
Business Standard
177 22

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