China proposes the establishment of the Asian Infrastructure Investment Bank, which aims to explore new financing mechanisms, effectively transform savings into investment, and make up for the lack of infrastructure investment in developing countries in Asia.

The long-standing funding gap for infrastructure investment in many developing countries in Asia has restricted local economic development.

It is difficult to solve this problem simply by using existing multilateral international organizations and private sector investment.

After the establishment of the AIIB, it will work closely with existing multilateral development banks to effectively mobilize private sector funds, reasonably share risks and benefits, and promote the optimization of capital utilization and economic construction in Asia.

The AIIB’s initiative embodies China’s new reform and opening-up thinking, helps allocate various resources on a larger scale, expand areas of international cooperation, and promote industrial upgrading.

As a multilateral development institution, the AIIB cooperates with organizations such as the Silk Road Fund to not only implement China’s new national development and opening-up strategies, but also provide multiple countries at different stages of development with Win-win choice embodies China’s open and win-win development philosophy.

This will not only benefit the development of Asia, but also help promote stable growth of the world economy.

Some countries are worried that the AIIB will cause ripple effects, believing that it will duplicate the functions of the Asian Development Bank and challenge the existing international financial order; even in terms of governance capabilities, environmental standards, fair competition, lending rules and social expressed concerns about security and other aspects.

This is completely a kind of inertial thinking.

China has always been an active defender of the world order and has always focused on bringing into play the role of existing international organizations and mechanisms.

The AIIB embodies China’s greater responsibility and open thinking.

The AIIB complements rather than replaces existing international financial organizations.

According to the Asian Development Bank's forecast, infrastructure construction in the Asia-Pacific region will require an investment of US$8 trillion from 2010 to 2020.

The Asian Development Bank provides only US$10 billion in infrastructure project loans each year.

Currently, all multilateral development banks in the world invest only 5 to 10% of their total investment in infrastructure every year.

The gap between aggregate demand and aggregate supply is still large.

As a new member and new partner in the field of international development, the AIIB will complement and compete healthily with existing multilateral development banks due to its different positioning and business focus.

The AIIB is open, not closed, and does not seek to be dominated by one bank.

The AIIB upholds an open and inclusive attitude. Countries outside the region that meet the requirements can apply for membership, and welcomes financial institutions and investors from North America, Europe and other regions to cooperate and enjoy the benefits of development in Asia. Results.

The status of China’s “largest shareholder” is not a privilege, but a responsibility.

China has promised that as more countries participate, China will unilaterally dilute its shares.

Even in the early stages, as a responsible major country in the international community, China will abide by internationally accepted norms, treat others as equals, and make decisions by consensus.

The AIIB is transparent and does not engage in secret operations.

As a regional financial organization, it has been based on high standards since its establishment, embodying the concept of transparency and integration with international standards in terms of structure, management organization, and human resources allocation.

The participation of major European developed countries also shows that these countries believe that the AIIB will establish a good governance framework and act in accordance with the rules of multilateral institutions and international practices.

The economic development in Asia will also bring development opportunities to countries outside these regions.

The AIIB, which actively explores and innovates, is not a simple copy of existing institutions and mechanisms, nor a so-called capital export and zero-sum game, but an exploration of a new financing mechanism that promotes Asia* **The historical choice for common prosperity and stable development of the world economy.

As the initiator and promoter, China will actively assume the responsibilities and obligations of a major developing country and strive to achieve sustainable, inclusive and equitable development.

Hope this helps.