How Hong Kong could become member of Beijing-led AIIB by June if HK$1.2 billion buy-in gets green light

City seeks to become a member and a corporate treasury centre for the Beijing-led financial institution
PUBLISHED : Thursday, 16 March, 2017, 2:06pm
UPDATED : Thursday, 16 March, 2017, 9:34pm




Hong Kong could become a member of the Beijing-led Asia Infrastructure Investment Bank (AIIB) by the middle of this year as long as lawmakers approve a HK$1.2 billion share buy-in, a senior government official said.

“There will be an annual meeting of the AIIB at the end of June and applications for new members could be approved there,” James Lau, under secretary for financial services and the treasury, said during a Legislative Council financial services panel on Thursday.

SCMP RECOMMENDS (LAST 24HRS)




Comments

Popular posts from this blog

Curacao UTS : The following were discussed: 1. Existing (older) telecommunications systems are copper based, but all new development is done with fiber optics. 2. Fiber optics are run to the curb in existing developed areas and run all the way to the home in new developments. 3. Fiber optics are installed underground simultaneously with electric. 4. UTS􀁰 concession mandates that they bring service to the home.

YES FAKE NEWS SITES EXIST AND THIS IS WHY DISCERNMENT IS KEY | NPR REPORTER TRACKED DOWN A FAKE-NEWS CREATOR; HERE’S WHAT SHE LEARNED