Asian Infrastructure Investment Bank officially established

The Asian Infrastructure Investment Bank (AIIB) was officially established Friday (25 December 2015), it was announced by the Chinese government.
AIIB, which was formed at China's initiative, will be fully in operation as of January 2016, that is, January 16-18, when the opening ceremony will take place and its Board of Directors and Executive Board will have their first sessions, France-presse reports.

Judging from a legal framework that was signed late June by 50 countries which co-established the bank, official Beijing is going to be the biggest shareholder in AIIB with a stake of about 30%.

AIIB, which is headquartered in Beijing and currently has 57 members, is expected to launch its first series of project loans already by mid-2016 thanks to a capital of USD 100 million.
The USA and Japan refused to join the Asian bank which is deemed to be a rival to the World Bank and the Asian Development Bank, while Australia, Germany and the Great Britain took part in its establishment.

Asian Infrastructure Investment Bank

AIIB

Chinese government

World Bank

Asian Development Bank