Asian Infrastructure Investment Bank (AIIB)

[greengiraffe]

I always thought Big Brother has solution to most of their problems and initiatives... just look at Suzhou after Singapore turned minor partner...

Why the call?

http://www.straitstimes.com/asia/east-as...pore-firms

Back Silk Road drive, Beijing urges S'pore firms, East Asia News & Top Stories - The Straits Times

East Asia News -Singapore's ethnic Chinese businessmen have made important contributions to bilateral trade and economic ties, China's State Councillor Yang Jiechi told a delegation from the Singapore Chinese Chamber of Commerce and Industry (SCCCI), as he urged them to continue doing so by supporting Beijing's drive to revive two Silk Road trading routes.. Read more at straitstimes.com.

[greengiraffe]

Big Brother asking for help... will it be sufficient to compensate the well-known risks?

http://www.straitstimes.com/business/chi...-investors

China's top economic planner has pledged tax breaks and smoother regulations for private investors backing infrastructure projects in a bid to inject energy into the lukewarm responses to the schemes.

The announcement by the National Development Reform Commission (NDRC) on Tuesday comes as the world's NO. 2 economy looks to shore up and stabilise growth amid a slowdown caused largely by a property downturn.

[greengiraffe]

Its not so much about innovation but about securing funding to deploy in markets to get around the red tapes... Just look at how Macquarie Bank filed with its small forays into PanU's port and Henan Expressway...

http://www.straitstimes.com/singapore/as...innovation

[CityFarmer]

I reckon, once no political issue involved, the decision can be very fast. The "fast" is probably the biggest selling point, IMO

AIIB vows to be clean, lean, green — and faster than its rivals

WASHINGTON — The incoming head of the new China-led Asian Infrastructure Investment Bank (AIIB) has vowed to run a “clean, lean and green” institution operating to the highest international standards, but with greater speed than its rivals.

Mr Jin Liqun, the president-designate of the AIIB, said it would abide by the toughest environmental and social standards in its lending and model itself in many ways on existing multilateral development banks.

But in an interview with the Financial Times, Mr Jin, a high-ranking former Chinese official who already wears cufflinks etched with the AIIB logo, said it would make decisions much faster than established lenders.

The bank planned to move quickly after its official launch to unveil its first “batch” of projects in the second quarter of 2016.
...
http://www.todayonline.com/chinaindia/ch...its-rivals

[greengiraffe]

I reckon, once no political issue involved, the decision can be very fast. The "fast" is probably the biggest selling point, IMO  

AIIB vows to be clean, lean, green — and faster than its rivals

WASHINGTON — The incoming head of the new China-led Asian Infrastructure Investment Bank (AIIB) has vowed to run a “clean, lean and green” institution operating to the highest international standards, but with greater speed than its rivals.

Mr Jin Liqun, the president-designate of the AIIB, said it would abide by the toughest environmental and social standards in its lending and model itself in many ways on existing multilateral development banks.

But in an interview with the Financial Times, Mr Jin, a high-ranking former Chinese official who already wears cufflinks etched with the AIIB logo, said it would make decisions much faster than established lenders.

The bank planned to move quickly after its official launch to unveil its first “batch” of projects in the second quarter of 2016.
...
http://www.todayonline.com/chinaindia/ch...its-rivals

of course they have to be fast else how to get commitment to raise funds... then subsequently red tape will set in... always part of the script.

[greengiraffe]

Does China seriously need any external expertise on any areas and will provide substantial benefits for foreign cos...

http://www.straitstimes.com/business/sin...from-china


The Straits Times
Singapore firms eye windfall from China, Business News & Top Stories - The Straits Times
Business News -The upgraded China-Singapore free trade deal will bring opportunities to firms here as the mainland moves from a manufacturing- based economy to a services one.. Read more at straitstimes.com.

[CityFarmer]

Philippines is set to join. Who else of major US allies aren't?

Philippines to join China-backed AIIB infrastructure bank
30 Dec 2015 14:00
[MANILA] The Philippines is set to join the China-backed Asian Infrastructure Investment Bank (AIIB), describing it as a "promising institution" that could help accelerate the country's economic growth.
...
REUTERS

Source: Business Times Breaking News