Blog

Visit to Jeju

A gist of the blog:

I attended the second Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Jeju, Korea on last Friday and Saturday. This is the first time that Hong Kong participated in the AIIB’s Board of Governors meeting since we have become a new member of AIIB in early June.

The AIIB, commenced operation in January 2016, has 57 founding members. In a period of just 18 months, the membership increased to 77, including Hong Kong. During the annual meeting, applications to join the Bank from Argentina, Madagascar and Tonga have been approved, bringing the Bank’s total membership to 80. Having members from every continent in the world, AIIB has become a truly global, multilateral and diverse international development bank. It has also shown that the Bank’s mission to improve infrastructure in developing Asia, as well as the good governance, open and efficient operation of the Bank has won recognition and support from international community in and outside Asia.

Hong Kong, being an international financial centre in Asia, can serve as the key infrastructure financing hub in the region and play an active role in the financing and management of AIIB projects.

June 18, 2017