https://www.scmp.com/rss/318896/feed The Asian Infrastructure Investment Bank (AIIB) is a China-led international financial institution created to offer finance to infrastructure projects as part of China's Silk Road initiative, with a focus on bolstering links across Asia, the Middle East, Africa and Europe. Some government officials and analysts have said growing dissatisfaction among emerging economies at the failure to reform the International Monetary Fund's decision-making system encouraged China to set up the new... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Andrew Sheng Andrew Sheng The old world order is being destroyed before our eyes. With volatility players making billions from US President Donald Trump’s on-again, off-again announcements on the war in Iran, it is becoming increasingly clear that geopolitical rivalry is all about who controls energy, water, food and technology. Geography and ego determine destiny. With China and Russia standing by to see how much damage their rivals can inflict on themselves, Trump and Israeli Prime Minister Benjamin Netanyahu have... https://www.scmp.com/opinion/world-opinion/article/3351167/asias-future-depends-looking-beyond-west-and-its-institutions?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3351167/asias-future-depends-looking-beyond-west-and-its-institutions?utm_source=rss_feed Fri, 24 Apr 2026 12:30:08 +0000 Enoch Yiu Enoch Yiu Hong Kong will expand its tax exemptions for operators of family offices and funds set up by international organisations, such as the Asian Infrastructure Investment Bank (AIIB), in line with efforts to promote the city as a wealth management hub, a minister told lawmakers on Monday. In a financial affairs panel meeting, Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, said the government would submit a bill to the Legislative Council within the first half of this... https://www.scmp.com/business/companies/article/3345119/hong-kong-expand-tax-exemptions-family-offices-aiib-and-pension-fund-investment?utm_source=rss_feed https://www.scmp.com/business/companies/article/3345119/hong-kong-expand-tax-exemptions-family-offices-aiib-and-pension-fund-investment?utm_source=rss_feed Mon, 02 Mar 2026 08:21:20 +0000 Ralph Jennings Ralph Jennings The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) aims to marshal resources from governments, private parties and peer institutions to build critical infrastructure across Asia despite geopolitical headwinds, its new president said on Monday. Zou Jiayi, who took the baton of the multilateral development bank in mid-January from inaugural president Jin Liqun, called for investments to augment country-specific tax revenues and promote industrial development, putting economies... https://www.scmp.com/economy/global-economy/article/3341234/aiib-pledges-critical-infrastructure-investments-across-asia-amid-global-turbulence?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3341234/aiib-pledges-critical-infrastructure-investments-across-asia-amid-global-turbulence?utm_source=rss_feed Mon, 26 Jan 2026 06:58:17 +0000 Enoch Yiu Enoch Yiu The 19th Asian Financial Forum (AFF) kicks off in Hong Kong next week, highlighting the city’s strategic role in facilitating cross-border investment. The forum would focus on helping mainland Chinese start-ups go global through Hong Kong initial public offerings (IPOs), while providing international firms with a gateway to the mainland, HSBC Hong Kong CEO Maggie Ng said on Monday. Titled “Co-creating New Horizons amid an Evolving Landscape”, the annual government flagship event will run from... https://www.scmp.com/business/banking-finance/article/3340444/goldman-sachs-prada-among-top-financial-luxury-brands-join-hong-kong-aff?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340444/goldman-sachs-prada-among-top-financial-luxury-brands-join-hong-kong-aff?utm_source=rss_feed Mon, 19 Jan 2026 10:30:10 +0000 Ma Jun,Sean Kidney Ma Jun,Sean Kidney As the United States renounces its climate commitments, a chain reaction of wavering pledges and scaled-back investments by other donors and multilateral institutions has followed. This trend raises the stakes for everyone else, underscoring the urgency of closing the financing gap for climate adaptation and mitigation in the developing world. Fortunately, China has increasingly been projecting itself as a source of alternative, low-cost funding for climate and sustainability projects across the... https://www.scmp.com/opinion/china-opinion/article/3334996/how-yuan-internationalisation-helping-close-climate-finance-gap?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3334996/how-yuan-internationalisation-helping-close-climate-finance-gap?utm_source=rss_feed Wed, 03 Dec 2025 12:30:10 +0000 Bloomberg Bloomberg The Philippines deferred the awarding of a project that is part of a plan to build one of the world’s longest marine bridges after local opposition over the potential involvement of a Chinese company due to national security fears. The proposals were “undergoing thorough review” by the Asian Development Bank (ADB), which acts as a lender and an overseer of the project to ensure it meets international environmental and governance standards, Manila’s public works department said in a statement on... https://www.scmp.com/news/asia/southeast-asia/article/3334941/philippines-delays-manila-bay-bridge-project-amid-china-security-concerns?utm_source=rss_feed https://www.scmp.com/news/asia/southeast-asia/article/3334941/philippines-delays-manila-bay-bridge-project-amid-china-security-concerns?utm_source=rss_feed Tue, 02 Dec 2025 12:20:42 +0000 Aileen Chuang Aileen Chuang Hong Kong dollar bond issuance is poised to expand, following a record run of offerings, as easing local interest rates attract more issuers while a global diversification trend persists, according to analysts. Total issuance in the city’s currency reached a record HK$331 billion (US$42.6 billion) so far this year, nearly 37 per cent higher than 2024’s full-year total of HK$242 billion. “The Hong Kong dollar bond market will continue to grow over the long term, supported by structural shifts,”... https://www.scmp.com/business/banking-finance/article/3334467/surge-hong-kong-dollar-bonds-continue-after-record-us42-billion-year?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3334467/surge-hong-kong-dollar-bonds-continue-after-record-us42-billion-year?utm_source=rss_feed Fri, 28 Nov 2025 05:35:52 +0000 Sylvie Zhuang Sylvie Zhuang Chinese Premier Li Qiang has taken Beijing’s push for multilateralism to the Group of 20 summit in South Africa, calling for solidarity and free trade at an event boycotted by the world’s biggest economy. Addressing the gathering of leaders in Johannesburg on Saturday, Li pointed to challenges faced by various international institutions. “We have to advance with time and take the lead to uphold multilateralism” in the face of difficulties of governance, he said, according to state news agency... https://www.scmp.com/news/china/diplomacy/article/3333845/china-pushes-multilateralism-solidarity-and-free-trade-g20-summit-amid-us-absence?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3333845/china-pushes-multilateralism-solidarity-and-free-trade-g20-summit-amid-us-absence?utm_source=rss_feed Sun, 23 Nov 2025 09:37:29 +0000 Wang Huiyao,Zhi Wang Wang Huiyao,Zhi Wang The world stands at a crossroads, amid an accelerating climate crisis, geopolitical tensions reshaping global trade and the demand from Global South nations to exercise their right to industrialise without repeating the polluting mistakes of the past. A new consensus is urgently needed that moves beyond zero-sum competition and towards collaborative solutions. The path to decarbonisation creates a trilemma of competing interests that threatens progress for all. First, Western anxieties must be... https://www.scmp.com/opinion/world-opinion/article/3332346/global-green-industrialisation-initiative-can-have-win-win-win-outcome?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3332346/global-green-industrialisation-initiative-can-have-win-win-win-outcome?utm_source=rss_feed Fri, 14 Nov 2025 01:30:12 +0000 SCMP Editorial SCMP Editorial If there is a single message at the city’s flagship Fintech Week, it is that Beijing is pulling out all the stops to make sure Hong Kong will remain the nation’s premier international financial centre. Vice-Premier He Lifeng spelled that out at the investment summit for global financial leaders. The practical support and strategy were announced through the Hong Kong Monetary Authority (HKMA), which will launch dozens of initiatives in fintech to strengthen Hong Kong’s financial future, and the... https://www.scmp.com/opinion/comment/article/3331746/aiib-office-and-fintech-strategy-boost-hong-kongs-ambitions?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3331746/aiib-office-and-fintech-strategy-boost-hong-kongs-ambitions?utm_source=rss_feed Thu, 06 Nov 2025 22:45:08 +0000 Frank Tang Frank Tang The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has confirmed that it will open a hub office in Hong Kong – a move that will enhance its offshore financing capabilities and the city’s role as a global financial centre. Preparatory work is in the pipeline and progressing well, the Post has learned from the bank. A formal announcement is expected to be made by AIIB President Jin Liqun, who is scheduled to address Hong Kong FinTech Week on Monday. The AIIB’s second office... https://www.scmp.com/economy/global-economy/article/3331013/asian-infrastructure-investment-bank-confirms-plan-hong-kong-office-next-year?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3331013/asian-infrastructure-investment-bank-confirms-plan-hong-kong-office-next-year?utm_source=rss_feed Sun, 02 Nov 2025 14:00:13 +0000 Josephine Ma Josephine Ma John J. Mearsheimer is the R. Wendell Harrison Distinguished Service Professor of Political Science at the University of Chicago, where he has taught since 1982. He has written extensively on security issues and international politics and is best known for his theory of offensive realism in international relations, which holds that to dominate the international system, great powers must constantly engage in security competition with each other, sometimes leading to war. In this interview,... https://www.scmp.com/news/china/diplomacy/article/3330356/john-j-mearsheimer-unavoidable-anarchy-and-what-trump-gets-right-china-russia?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3330356/john-j-mearsheimer-unavoidable-anarchy-and-what-trump-gets-right-china-russia?utm_source=rss_feed Sun, 26 Oct 2025 22:00:26 +0000 Meng Wenting,Zhang Chi (張馳) Meng Wenting,Zhang Chi (張馳) The International Organisation for Mediation (IOMed) was inaugurated at its headquarters in Wan Chai on Monday, bringing the new China-led mechanism into operation to fill the void in dispute resolution. With 37 signatories, the organisation is attracting Western interest, particularly from Switzerland. The IOMed is just one among several bodies announced by or established in China this year. They include the World Artificial Intelligence Cooperation Organisation, Unesco’s International... https://www.scmp.com/opinion/china-opinion/article/3330086/china-supporting-multilateralism-one-institution-time?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3330086/china-supporting-multilateralism-one-institution-time?utm_source=rss_feed Sun, 26 Oct 2025 01:30:08 +0000 Josephine Ma Josephine Ma John J. Mearsheimer is the R. Wendell Harrison Distinguished Service Professor of Political Science at the University of Chicago, where he has taught since 1982. He has written extensively on security issues and international politics and is best known for his theory of offensive realism in international relations, which holds that to dominate the international system, great powers must constantly engage in security competition with each other, sometimes leading to war. In this interview,... https://www.scmp.com/plus/article/3330088/john-mearsheimer-taiwan-us-china-rivalry-trump-and-ukraine?utm_source=rss_feed https://www.scmp.com/plus/article/3330088/john-mearsheimer-taiwan-us-china-rivalry-trump-and-ukraine?utm_source=rss_feed Thu, 23 Oct 2025 10:47:08 +0000 Enoch Yiu Enoch Yiu The Hong Kong Monetary Authority (HKMA) is set to encourage more mainland banks to set up regional headquarters in the city, while the local bourse operator plans to enhance the listing regime, as the government aims to fortify Hong Kong’s position as an international financial centre, according to Chief Executive John Lee Ka-chiu. In his policy address on Wednesday, Lee also said the government planned to issue more RMB bonds and was considering using renminbi to settle government expenditures... https://www.scmp.com/business/banking-finance/article/3325891/policy-address-2025-hong-kong-unveils-measures-boost-financial-centre-status?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325891/policy-address-2025-hong-kong-unveils-measures-boost-financial-centre-status?utm_source=rss_feed Wed, 17 Sep 2025 11:44:40 +0000 Julie Zhang Julie Zhang Hong Kong can help Asia fill a staggering climate-financing gap by helping to tap a global pool of more than US$200 trillion to fund sustainable-infrastructure projects, according to the Asian Infrastructure Investment Bank (AIIB). There was a glaring disconnect between the vast amount of available capital and the low deployment of funds for climate action in the Asia-Pacific region, said Lim Kim-see, the bank’s chief investment officer for public sector and funds clients, in an interview. “We... https://www.scmp.com/business/banking-finance/article/3325692/hong-kong-can-unlock-capital-fill-asias-us800-billion-climate-finance-gap-aiib-says?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325692/hong-kong-can-unlock-capital-fill-asias-us800-billion-climate-finance-gap-aiib-says?utm_source=rss_feed Wed, 17 Sep 2025 00:30:08 +0000 Cheng Xianyue Cheng Xianyue On September 10-11, Hong Kong hosts the 10th edition of the Belt and Road Summit. This is a milestone gathering aimed at reinforcing the city’s position as both a “superconnector” and a “super value-adder” while fostering the development of an open global economy. Against the backdrop of continuing disruptions to global capital and trade flows under the second administration of US President Donald Trump – whose renewed emphasis on economic nationalism and supply-chain decoupling has deepened the... https://www.scmp.com/opinion/hong-kong-opinion/article/3324832/how-hong-kong-can-bolster-belt-and-road-initiative-uncertain-world?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3324832/how-hong-kong-can-bolster-belt-and-road-initiative-uncertain-world?utm_source=rss_feed Tue, 09 Sep 2025 08:30:09 +0000 Anthony Rowley Anthony Rowley This time, it was not America’s Franklin D. Roosevelt, Britain’s Winston Churchill and the Soviet Union’s Joseph Stalin meeting in the Crimean city of Yalta to carve up a defeated Germany and reshape the post-war European order. Instead, it was China’s Xi Jinping, Russia’s Vladimir Putin and India’s Narendra Modi at the Shanghai Cooperation Organisation (SCO) summit in the Chinese city of Tianjin to consider the implications of a new and non-US-dominated global order. It was a historic occasion... https://www.scmp.com/opinion/china-opinion/article/3324344/shanghai-spirit-new-world-order-needs-be-matched-west?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3324344/shanghai-spirit-new-world-order-needs-be-matched-west?utm_source=rss_feed Sat, 06 Sep 2025 08:30:08 +0000 David Dodwell David Dodwell Few economies depend as heavily as Hong Kong on a free and open multilateral trading system. Few have as much to lose if the current US administration succeeds in disembowelling the World Trade Organization and miring international trade in tariffs and other forms of protectionism. Yet as the global trading system faces a protectionist assault, Hong Kong’s voice is nowhere to be heard. Our economy has a vested interest in pushing back against the chaotic trade protectionism that US President... https://www.scmp.com/opinion/hong-kong-opinion/article/3324357/trade-dependent-hong-kong-must-push-back-against-trumps-tariff-onslaught?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3324357/trade-dependent-hong-kong-must-push-back-against-trumps-tariff-onslaught?utm_source=rss_feed Fri, 05 Sep 2025 08:30:08 +0000 Wang Huiyao Wang Huiyao As Indian Prime Minister Narendra Modi prepares to visit China for the Shanghai Cooperation Organisation (SCO) summit in Tianjin, the world is watching closely. Modi’s visit will be a historic opportunity to usher in a new era of cooperation between two ancient civilisations whose populations account for just under 35 per cent of humanity, representing the world’s second- and soon-to-be third-largest economies. During Modi’s recent meeting with Chinese Foreign Minister Wang Yi, both seemed to... https://www.scmp.com/opinion/china-opinion/article/3322841/how-modis-visit-china-can-reshape-asias-future?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3322841/how-modis-visit-china-can-reshape-asias-future?utm_source=rss_feed Tue, 26 Aug 2025 01:30:07 +0000 Letters Letters Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words, and must include your full name and address, plus a phone number for verification In South Papua, Indonesia, nine-year-old Ulin spends hours each day collecting water and firewood – time that could be spent in school or learning online. Her village, once reliant on diesel... https://www.scmp.com/opinion/letters/article/3318710/aseans-renewable-push-needs-inclusive-economic-models?utm_source=rss_feed https://www.scmp.com/opinion/letters/article/3318710/aseans-renewable-push-needs-inclusive-economic-models?utm_source=rss_feed Sat, 19 Jul 2025 03:30:09 +0000 Hamzah Rifaat Hamzah Rifaat There is no sign that US President Donald Trump is going to budge on his tariff policy. The 90-day pause on his “Liberation Day” tariffs does not preclude his penchant for protectionism or punishing countries for adopting what he sees as unfair trade practices. His latest round of tariffs, which is set to take effect on August 1, bodes ill for East Asia. Japan and South Korea – two of Washington’s closest allies in Asia – will see their exports hit with a 25 per cent tariff, while Southeast... https://www.scmp.com/opinion/asia-opinion/article/3318613/how-chinas-pragmatic-balancing-puts-it-asean-pole-position?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3318613/how-chinas-pragmatic-balancing-puts-it-asean-pole-position?utm_source=rss_feed Fri, 18 Jul 2025 21:30:08 +0000 David Dodwell David Dodwell Back to April 2016, at the Qingfeng steamed bun restaurant in Beijing’s bustling Xicheng district, Jin Liqun lunched with the Asia editor of the Financial Times to introduce himself and China’s newly created Asian Infrastructure Investment Bank (AIIB). Beijing’s decision to establish a development bank reflected in part a deep frustration with the reluctance of the world’s leading economies to give China (and other leading developing economies) more influence in Bretton Woods institutions such... https://www.scmp.com/opinion/china-opinion/article/3317731/after-10-years-aiib-welcomes-new-leadership-and-fresh-us-challenges?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3317731/after-10-years-aiib-welcomes-new-leadership-and-fresh-us-challenges?utm_source=rss_feed Fri, 11 Jul 2025 08:30:07 +0000 Carol Yang Carol Yang Already the world’s largest investor in energy, China is poised to shore up that position in the coming years by continuing to splash out on renewable energy, as international experts say energy security has become a key driver in the growth of global investments this year. China’s share of global clean energy spending has risen from a quarter to almost a third in the past decade, underpinned by strategic investments in a wide range of technologies, including solar, wind, hydropower, nuclear,... https://www.scmp.com/economy/china-economy/article/3317823/chinas-strategic-green-investments-fuel-renewable-sector-world-energy-investment-report?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3317823/chinas-strategic-green-investments-fuel-renewable-sector-world-energy-investment-report?utm_source=rss_feed Fri, 11 Jul 2025 06:00:15 +0000 Cannix Yau Cannix Yau Hong Kong authorities will strive to create a conducive environment for the wide-ranging application of stablecoins in a bid to provide practical help for businesses to resolve cross-border payment issues, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po on Sunday reaffirmed the government’s efforts in applying fintech to resolve long-standing “pain points” such as slow and costly cross-border payments, highlighting new stablecoin laws set to take effect on August... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316288/hong-kong-striving-create-favourable-environment-stablecoins-paul-chan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316288/hong-kong-striving-create-favourable-environment-stablecoins-paul-chan?utm_source=rss_feed Sun, 29 Jun 2025 12:44:48 +0000 Carol Yang Carol Yang China will continue to be a land of opportunities and an engine of global growth and stability, even as the world faces rising geopolitical challenges and uncertainties, Chinese Premier Li Qiang said at the Asian Infrastructure Investment Bank’s (AIIB) Annual Meeting in Beijing. “China remains the country that contributes the greatest impetus to global economic growth, and the most significant source of certainty for world peace and development,” he said on Thursday. Li’s remarks came a day... https://www.scmp.com/economy/china-economy/article/3315932/premier-li-qiang-says-chinas-economy-source-certainty-amid-global-risks?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315932/premier-li-qiang-says-chinas-economy-source-certainty-amid-global-risks?utm_source=rss_feed Thu, 26 Jun 2025 13:00:09 +0000 Ji Siqi,Frank Tang Ji Siqi,Frank Tang The Beijing-headquartered Asian Infrastructure Investment Bank will open an office in Hong Kong to enhance the multilateral development lender’s fundraising power and expand its global presence, the Post has learned from sources familiar with the matter. The new office would come as a publicity victory for Hong Kong as the city redoubles its efforts to consolidate its status as an international financial centre. Negotiations with the Hong Kong government are ongoing and the final decision is... https://www.scmp.com/economy/global-economy/article/3315947/aiib-expand-global-footprint-20-member-office-hong-kong?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3315947/aiib-expand-global-footprint-20-member-office-hong-kong?utm_source=rss_feed Thu, 26 Jun 2025 11:00:17 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma The Asian Infrastructure Investment Bank (AIIB), China’s alternative to the World Bank, plans to double annual financing to US$17 billion by 2030, aided by greater support from private investors. “Mobilising the potential of private capital for cross-border infrastructure, and building sustainable financing mechanisms, have become pressing priorities,” Chinese Finance Minister Lan Foan (蓝佛安) said at AIIB’s annual general meeting in Beijing. China is AIIB’s largest shareholder with almost 27 per... https://www.scmp.com/plus/article/3315916/chinas-aiib-double-financing-help-private-sector?utm_source=rss_feed https://www.scmp.com/plus/article/3315916/chinas-aiib-double-financing-help-private-sector?utm_source=rss_feed Thu, 26 Jun 2025 09:00:16 +0000 Carol Yang Carol Yang China will significantly encourage private enterprises to participate in infrastructure projects, including cross-border connectivity initiatives championed by the Asia Infrastructure Investment Bank (AIIB), Minister of Finance Lan Foan said at the lender’s annual meeting. As the global economy slows and international development aid declines, developing countries are increasingly constrained by limited public resources for connectivity investments, Lan said at the meeting in Beijing on... https://www.scmp.com/economy/global-economy/article/3315808/china-private-enterprises-invest-cross-border-infrastructure-aiib-doing?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3315808/china-private-enterprises-invest-cross-border-infrastructure-aiib-doing?utm_source=rss_feed Wed, 25 Jun 2025 12:00:08 +0000 Carol Yang Carol Yang Former vice-minister of finance Zou Jiayi has been elected president of the Asian Infrastructure Investment Bank (AIIB), leading the lender and its US$100 billion in capital through a decisive moment for globalisation and development finance. The decision was announced at the Beijing-based bank’s annual meeting on Tuesday, held with representatives of its 110 member states and other stakeholders at its headquarters to celebrate its 10th anniversary. Zou, 62, will serve a five-year term which... https://www.scmp.com/economy/global-economy/article/3315673/chinas-zou-jiayi-former-finance-official-elected-aiib-president?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3315673/chinas-zou-jiayi-former-finance-official-elected-aiib-president?utm_source=rss_feed Tue, 24 Jun 2025 12:00:10 +0000 SCMP SCMP 1. China hits out at US and Israel, calls for de-escalation of conflict with Iran China sharply criticised the United States and Israel, calling on them to de-escalate their conflict with Iran, prioritise civilian safety and adhere to international law as Mideast anxiety intensified following the US attack on three Iranian nuclear facilities using massive “bunker buster” bombs. 2. Veteran banker Jin Liqun on leading AIIB during its formative first 10 years With his tenure as Asian Infrastructure... https://www.scmp.com/news/china/article/3315510/china-hits-out-us-and-israel-why-strait-hormuz-matters-scmp-daily-highlights?utm_source=rss_feed https://www.scmp.com/news/china/article/3315510/china-hits-out-us-and-israel-why-strait-hormuz-matters-scmp-daily-highlights?utm_source=rss_feed Mon, 23 Jun 2025 13:15:07 +0000 Ji Siqi Ji Siqi A veteran of international finance, Jin Liqun is president and chair of the board of directors at the Asian Infrastructure Investment Bank (AIIB), a multilateral development lender headquartered in Beijing and established in 2016. He has been closely involved in the Bank’s evolution since its inception, and was elected to a second and final five-year term in 2020. Jin was among the first Chinese officials to gain direct experience in international finance in the 1980s, serving as alternate... https://www.scmp.com/economy/china-economy/article/3315141/jin-liqun-reflects-tumult-and-triumphs-aiibs-eventful-first-decade?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3315141/jin-liqun-reflects-tumult-and-triumphs-aiibs-eventful-first-decade?utm_source=rss_feed Sun, 22 Jun 2025 22:00:14 +0000 Anthony Rowley Anthony Rowley “It’s an ill wind that blows nobody any good,” to quote a centuries-old proverb. It is one that could be applied now with justification to the ill winds sweeping across the Pacific from US President Donald Trump’s America to Asia. These disruptive currents are creating geopolitical turbulence, economic disruption and financial instability. However, the opportunity they present for Asia to challenge the post-war economic order and reshape its own destiny has received less attention. Among the... https://www.scmp.com/opinion/asia-opinion/article/3315080/truly-asian-economic-bloc-can-asia-succeed-where-it-failed?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3315080/truly-asian-economic-bloc-can-asia-succeed-where-it-failed?utm_source=rss_feed Sat, 21 Jun 2025 08:30:07 +0000 Raymond Ma,Neil Denslow Raymond Ma,Neil Denslow China’s technology ambitions, trade tensions and geopolitical concerns were all on display in Paris as the aerospace industry gathered for the French capital’s 55th air show. Planemaker Comac told partners that the C929, China’s first widebody passenger plane, should make its maiden commercial flight by 2035, the Post reported. The number of Chinese parts makers at the show also surged to 76 from 29 at the previous edition in 2023, reflecting the growth of the nation’s aerospace supply... https://www.scmp.com/plus/article/3315164/chinas-aerospace-drive-summer-davos-and-more?utm_source=rss_feed https://www.scmp.com/plus/article/3315164/chinas-aerospace-drive-summer-davos-and-more?utm_source=rss_feed Fri, 20 Jun 2025 09:02:34 +0000 Ji Siqi Ji Siqi A veteran of international finance, Jin Liqun is president and chairman of the board of directors of the Asian Infrastructure Investment Bank (AIIB), a multilateral development lender headquartered in Beijing and established in 2016. He has been closely involved in the bank’s evolution since its inception and was elected to a second and final five-year term in 2020. Jin was among the first Chinese officials to gain direct experience in international finance in the 1980s, serving as alternate... https://www.scmp.com/plus/article/3315012/connectivity-economic-integration-can-ease-tariff-pressures-says-aiibs-jin?utm_source=rss_feed https://www.scmp.com/plus/article/3315012/connectivity-economic-integration-can-ease-tariff-pressures-says-aiibs-jin?utm_source=rss_feed Thu, 19 Jun 2025 04:48:15 +0000 Enoch Wong Enoch Wong Khalil Hashmi has served as Pakistan’s ambassador to China since November 2023, marking his second diplomatic posting in Beijing. Over his nearly 30-year career, he has held key assignments in several capitals, including Copenhagen, as well as at Pakistan’s missions to the United Nations in both New York and Geneva. He has worked on policy issues including arms control, counterterrorism, human rights and climate change. For other interviews in the Open Questions series, click here. India and... https://www.scmp.com/news/china/diplomacy/article/3310820/brics-message-ring-hollow-if-pakistan-remains-blocked-india-envoy-khalil-hashmi?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3310820/brics-message-ring-hollow-if-pakistan-remains-blocked-india-envoy-khalil-hashmi?utm_source=rss_feed Sun, 18 May 2025 22:00:24 +0000 China’s annual “two sessions” parliamentary meetings last month outlined its domestic priorities, including advancing home-grown technologies, accelerating the green energy transition and addressing the debt challenge. The Boao Forum for Asia expanded on these themes. Beijing’s leadership is reaffirming China’s role as a stabilising force in Asia and a proponent of multilateral frameworks in the face of growing US tariffs, intensifying climate constraints and fragmented global trade dynamics.... https://www.scmp.com/opinion/china-opinion/article/3304629/china-showcases-its-role-stabilising-force-amid-us-turbulence?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3304629/china-showcases-its-role-stabilising-force-amid-us-turbulence?utm_source=rss_feed Wed, 02 Apr 2025 21:30:08 +0000 China has nominated Zou Jiayi, a former vice-minister of finance, as its candidate for the next president of the Asian Infrastructure Investment Bank (AIIB), the China-headquartered development bank with investments worth tens of billions of dollars. Zou is expected to replace outgoing founding president Jin Liqun, who will step down after finishing his second five-year term on January 15, 2026. The AIIB confirmed that nominations would remain open until April 30 and that it expected an election... https://www.scmp.com/economy/china-economy/article/3304657/china-nominates-zou-jiayi-be-next-president-aiib?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3304657/china-nominates-zou-jiayi-be-next-president-aiib?utm_source=rss_feed Tue, 01 Apr 2025 02:17:36 +0000 Yuke Xie,Aileen Chuang Yuke Xie,Aileen Chuang The Asian Infrastructure Investment Bank (AIIB) has completed a public Hong Kong dollar-denominated bond offering, raising HK$4 billion (US$549 million), the multilateral development bank said on Thursday. The three-year senior unsecured fixed-rate sustainable-development bonds pay an annual coupon of 3.847 per cent, and will settle locally in Hong Kong’s Central Moneymarkets Unit (CMU), which tracks and manages Hong Kong-dollar debt securities and other financial products. The bonds attracted... https://www.scmp.com/business/banking-finance/article/3299396/asian-infrastructure-bank-raises-us549-million-hong-kong-dollar-bond-sale?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3299396/asian-infrastructure-bank-raises-us549-million-hong-kong-dollar-bond-sale?utm_source=rss_feed Thu, 20 Feb 2025 04:35:03 +0000 Global institutions lack binding authority and sufficient representation for emerging economies in their present state, Asian Infrastructure Investment Bank (AIIB) president Jin Liqun said, emphasizing systemic changes are necessary to create a more inclusive framework. “It is high time we try our best to fix global governance problems,” said Jin, who served as a vice-minister of finance in China's government from 1998 to 2003. “Fundamental reforms will have to be undertaken.” Jin, who has led... https://www.scmp.com/economy/global-economy/article/3296099/aiib-president-calls-fundamental-reforms-global-institutions?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3296099/aiib-president-calls-fundamental-reforms-global-institutions?utm_source=rss_feed Fri, 24 Jan 2025 09:00:12 +0000 Unlike the 50 states that make up the United States, the 93 nations that comprise Eurasia are not all connected by culture, language or even a common transport system. The latter deficiency is being remedied, however, and this is likely to aid the emergence of a United States of Eurasia. This will have enormous economic and political implications, and perhaps helps explain US hostility towards the integration of a potentially rival continent. In particular, it hints at why Washington has opposed... https://www.scmp.com/opinion/china-opinion/article/3293195/rising-united-states-eurasia-will-need-development-bank-support-it?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3293195/rising-united-states-eurasia-will-need-development-bank-support-it?utm_source=rss_feed Sat, 04 Jan 2025 08:30:07 +0000 With arms wide open to Global South nations, Beijing is growing increasingly louder in calling for a bigger role in multilateral financial architecture, analysts say as they point to China’s slow progress in securing a bigger voice in the Western-dominated World Bank and International Monetary Fund. Their assessments were underpinned by President Xi Jinping’s strongly worded speech on Wednesday at a Brics summit in Kazan, Russia, where he spoke out against stalled reform of the global governance... https://www.scmp.com/economy/global-economy/article/3283697/chinas-call-global-financial-reform-loud-message-west-global-south-analysts?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3283697/chinas-call-global-financial-reform-loud-message-west-global-south-analysts?utm_source=rss_feed Thu, 24 Oct 2024 12:30:15 +0000 In the more than 10 years since its inception, the Asian Infrastructure Investment Bank (AIIB) – a Beijing-headquartered multilateral development lender representing 110 member states – has proved critics “100 per cent wrong”, a senior executive said, adding its door will “always” be open to new entrants as well as private capital. Danny Alexander – who moved to Beijing in February 2016 to serve as the bank’s vice-president – called the AIIB a “remarkable” institution in an interview during the... https://www.scmp.com/economy/china-economy/article/3280568/vp-china-based-aiib-says-bank-has-proven-doubters-100-cent-wrong?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3280568/vp-china-based-aiib-says-bank-has-proven-doubters-100-cent-wrong?utm_source=rss_feed Mon, 30 Sep 2024 12:30:15 +0000 The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) on Thursday welcomed its 110th member amid its efforts to take on a bigger role in helping some of the world’s poorest countries discover innovative ways of financing. Following its launch in January 2016, the bank has moved to open its doors wider to the private sector, as well as nations from the Global South – a term for a loose grouping of developing nations. And Nauru, a Micronesian island of around 12,000 people in... https://www.scmp.com/economy/global-economy/article/3280059/aiib-adds-new-member-development-bank-emarks-grand-global-mission?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3280059/aiib-adds-new-member-development-bank-emarks-grand-global-mission?utm_source=rss_feed Fri, 27 Sep 2024 03:00:14 +0000 Beijing should take action to address the European Union’s concerns over China’s overseas projects, products and technology, as open discussions are vital to managing differences and tensions, former Finnish prime minister Mari Kiviniemi said on Wednesday. “I’m very worried about these tensions – and geopolitical tensions,” Kiviniemi told the Post on the sidelines of the annual conference of the Asian Infrastructure Investment Bank (AIIB) in Samarkand, Uzbekistan. “Because, from my background, I... https://www.scmp.com/economy/global-economy/article/3280068/amid-china-eu-tensions-former-finnish-prime-minister-warns-societal-harm-tariffs?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3280068/amid-china-eu-tensions-former-finnish-prime-minister-warns-societal-harm-tariffs?utm_source=rss_feed Thu, 26 Sep 2024 10:00:25 +0000 The Belt and Road Initiative, an ongoing effort to link economies into a China-centred trade network, largely via Chinese-backed megaprojects abroad, has entered a phase that Beijing says involves “small but beautiful” additions. As the plan to grow global trade approaches its 11th anniversary, the ambitious undertaking is expected to shift away from massive projects that have sometimes been accused of resulting in large debt piles or environmental damage in other countries. Here are four points... https://www.scmp.com/economy/global-economy/article/3278274/what-chinas-belt-and-road-initiative-has-store-coming-decade-priorities-evolve?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3278274/what-chinas-belt-and-road-initiative-has-store-coming-decade-priorities-evolve?utm_source=rss_feed Fri, 13 Sep 2024 02:00:11 +0000 With deepening political polarisation in the United States in the run-up to November’s presidential election and the dangerously escalating war in Ukraine following Russia’s invasion, the world may be hurtling towards a period of instability and intensifying geopolitical rivalry. In recent months, China and India have acknowledged the consequences of this volatile environment. As two champions of the Global South, and currently the world’s second- and fifth-largest economies measured by nominal... https://www.scmp.com/opinion/asia-opinion/article/3275874/western-led-order-crumbles-can-china-and-india-fulfil-their-destinies?utm_source=rss_feed https://www.scmp.com/opinion/asia-opinion/article/3275874/western-led-order-crumbles-can-china-and-india-fulfil-their-destinies?utm_source=rss_feed Tue, 27 Aug 2024 21:30:09 +0000 In an era of increasing global interdependence, the traditional focus on ensuring security through military-focused alliances is no longer sufficient to address today’s global challenges. While recent Nato summits have reaffirmed the strength of such alliances, they have also highlighted their limitations in tackling 21st-century threats. There is an urgent need to shift towards prioritising human security, a concept that encompasses climate change, food security, energy and poverty... https://www.scmp.com/opinion/world-opinion/article/3272502/alliances-nato-out-touch-world-need-human-security?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3272502/alliances-nato-out-touch-world-need-human-security?utm_source=rss_feed Wed, 31 Jul 2024 21:30:13 +0000 Eric Ng Eric Ng Asian Infrastructure Investment Bank (AIIB) has surpassed a goal for financing climate-change projects two years ahead of schedule and will continue to ramp up such lending, focusing on projects with private sector participation and in the Association of Southeast Asian Nations (Asean) region, according to its president. Around 20 per cent of the more than US$50 billion of financing AIIB has approved to date went to the Asean, the union of 10 states that is home to more than 600 million people,... https://www.scmp.com/business/article/3272564/asian-infrastructure-bank-aiibs-president-looks-fund-climate-linked-projects-asean?utm_source=rss_feed https://www.scmp.com/business/article/3272564/asian-infrastructure-bank-aiibs-president-looks-fund-climate-linked-projects-asean?utm_source=rss_feed Wed, 31 Jul 2024 03:45:08 +0000 Brazilian Vice-President Geraldo Alckmin coordinates the Sino-Brazilian High-Level Commission for Consultation and Cooperation (Cosban) – the largest and most important dialogue mechanism between the two countries – and heads the ministry of development, industry and foreign trade. In this latest interview in the Open Questions series, Alckmin details the outcomes of a recent trip to Beijing, expectations on the 50th anniversary of bilateral relations and Chinese President Xi Jinping’s coming... https://www.scmp.com/news/china/diplomacy/article/3272191/brazils-vice-president-50-years-china-ties-and-boosting-trade-amid-fairness-rows?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3272191/brazils-vice-president-50-years-china-ties-and-boosting-trade-amid-fairness-rows?utm_source=rss_feed Sun, 28 Jul 2024 22:00:15 +0000