File photo of Jin Liqun, the president-designate of the Asian Infrastructure Investment Bank. [Photo: p-along.com]
The president-designate of the Asian Infrastructure Investment Bank says the lender has earned trust on the international scene.
Jin Liqun made the remarks at the ongoing World Internet Conference, days ahead of the official opening of the new bank.
"When China launched this bank, everyone was concerned that it would be a target that others would attack us. But after two years' preparation, the doubt has been dispelled, because we take other countries' advice and discuss issues based on democracy in the preparation work. We do not boss around, and so we win the trust of others."
He says the bank will be a lean and clean organization, as digital technology will be used in setting up its structure, helping to prevent corruption.
The bank has also taken measures to prevent illegal activities launched by terrorists and lawbreakers.
Currently the AIIB has 57 prospective founding countries and will have an authorized capital of 100 billion USD.
It will be officially up and running by the end of this year and its first board meeting will be held in mid-January.