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Economics & Business News

China, India likely to be largest shareholders of AIIB

China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank (AIIB) and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank's founding members said on Friday.
In all, Asian countries will own between 72-75 percent of the bank, while European and other nations will own the rest.
The constitution for the AIIB will be signed by founding members in Beijing in late June this year, according to the meeting. Based on the constitution, the AIIB is expected to be set up by the end of this year.
A total of 57 countries have joined AIIB as its prospective founding members, throwing together countries as diverse as Iran, Israel, Britain and Laos.

China, India likely to be largest shareholders of AIIB