China, India likely to be biggest shareholders in AIIB
The bank says it expects to be operational by year end, but some delegates are sceptical
Singapore
CHINA is likely to hold a 25-30 per cent stake in the new Asian Infrastructure Investment Bank (AIIB), while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations.
AIIB said in a statement that it expected to be operational by the end of the year. It said that the meeting in Singapore finalised the articles of agreement, which are expected to be ready for signing by …
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