Jakarta to compete with Beijing to host AIIB headquarters

Hong Kong

INDONESIA will seek to host the Asian Infrastructure Investment Bank's (AIIB) headquarters, the finance minister of South-east Asia's largest economy said on Monday, though the new multilateral lender is led by China and Beijing wants the role for itself.

A number of countries have said they would participate in the AIIB. The new bank is slated to start operations by the end of the year.

"It is our aspiration to have the headquarters in Jakarta, but of course we will have to compete with Beijing on that," said Bambang …