China's Ministry of Finance announced Friday that from May 20th to 22, to build the Asian infrastructure investment bank (hereinafter referred to as the Asian investment bank) fifth talks held in Singapore. The meeting was co chaired by President of the permanent conference of Asian investment bank negotiator to build, Shi Yaobin, Vice Minister of China's Ministry of Finance and the Singapore Ministry of Finance Deputy Permanent Secretary of the more than Bingyi, 57 Asian investment bank intention founding member nations negotiator and Asian investment bank multilateral temporary secretary Secretariat Jin Liqun attended the meeting. The Hongkong Special Administrative Region to China as a government delegation to attend the meeting.
Since the signing of the memorandum of investment banking in October 2014, the intention of founding member states has held a meeting of the five negotiations. Through the three days of negotiations, the parties on the sub investment bank prospectus text agreed, and agreed to be held in Beijing at the end of June this year, the Asian Investment Association signed a ceremony. Jin Liqun secretary general report to the meeting of the progress of the sub investment bank to build work, the meeting also on the sub investment bank and social security framework, procurement and other policy documents are discussed.
According to the Asian investment bank to build a work plan, the parties will be signed in June of this year after the implementation of domestic approval procedures, pending the entry into force of the number of countries, the end of the year before the establishment of the sub investment bank.