aiib based in beijing - no delegations at hq but 81 delegations meet at annual summits - see aiib summit process
new development bank hq shanghai) - origin the BRICS - again inspired since 2014 by jnping question - what transformational banks needed for 21st C
note china has 3 or4 of its own development (policy) banks - these are ring fenced from bad banking as explained in this video briefing - there are also funds eg http://www.silkroadfund.com.cn/enweb/23773/index.html
Three new "policy" banks, the Agricultural Development Bank of China (ADBC), ChinaDevelopment Bank (CDB), and the Export-Import Bank of China (Chexim), were established in 1994 to take over the government-directed spending functions of thefour state-owned commercial banks.
China policy bank lends more for poverty reduction
Source: Xinhua| 2017-06-06 20:07:03|Editor: ying
BEIJING, June 6 (Xinhua) -- The Agricultural Development Bank of China (ADBC), the country's major policy bank, plans to lend 1.3 trillion yuan (188 billion U.S. dollars) by the end of 2020, for key agricultural projects and to industries that help with poverty reduction.
Bao Jianan, vice president of the bank, told a meeting on poverty reduction on Tuesday that the loans will be available for major agricultural producers and speciality industries.
To eradicate poverty by 2020, China must lift 10 million people out of poverty every year through developing industry, transfer of employment, relocation and social security coverage.
The ADBC has stipulated that poverty reduction loans should be no less than 60 percent of its total credit. By the end of 2016, outstanding loans totaled 901 billion yuan.
Established in 1994, the ADBC is responsible for funding projects related to growth and agriculture.
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