In Depth: China Fleshing Out AIIB for Asia and the World

(Beijing) – Fifty-seven nations have signed up for the new financial powerhouse called the Asian Infrastructure Investment Bank (AIIB) that was initiated by the Chinese government and will be headquartered in Beijing.

More details about the AIIB are to emerge after the Chinese government stopped accepting prospective founding member-nation applications on March 31 and started fleshing out plans for the bank's structure, management and operations.