China completes construction of AIIB headquarters in Beijing

Construction of the headquarters of the China-sponsored Asian Infrastructure Investment Bank (AIIB) in Beijing has been completed.

India is the second largest shareholder of the bank after China.

The headquarters building is located in Beijing Olympic Park in Chaoyang District and is made up of five office buildings, with a total floor space of 390,000 square meters, said Beijing Investment Group, which is in-charge of the construction.

The construction, which began in 2016, was formally completed on Thursday, official media here reported.

The AIIB, launched in Beijing in October 2014, is a multilateral development bank that aims to support the building of infrastructure in the Asia-Pacific region.

China is the largest shareholder of bank with 26.06 per cent voting shares. India is the second largest shareholder with 7.5 per cent followed by Russia 5.93 per cent and Germany with 4.5 per cent.