AIIB plans Hong Kong office to boost Asia infrastructure financing
AIIB plans Hong Kong office to boost Asia infrastructure financing

AIIB plans Hong Kong office to boost Asia infrastructure financing

News summary

The Asian Infrastructure Investment Bank (AIIB), headquartered in Beijing, is planning to establish a hub office in Hong Kong to support its growing business needs and enhance its offshore financing capabilities. This new office, expected to be operational next year at the IFC in Central, will act as an interface for AIIB's investment and treasury operations, collaborating with local banks and funds to finance infrastructure projects across its 110 member countries. The Hong Kong Special Administrative Region government has welcomed the move, emphasizing its commitment to leveraging Hong Kong's capital markets, professional services, and financial products to support AIIB's operations. AIIB President Jin Liqun highlighted that the discussions with Hong Kong authorities are in the final stages and noted the city's vibrant capital and talent pool as key factors in this decision. This will be AIIB's second office outside mainland China, following the opening of its Abu Dhabi office two years ago. The establishment of the Hong Kong office aligns with AIIB's mission to foster sustainable economic development and infrastructure connectivity in Asia under the "one country, two systems" principle, with the Hong Kong government actively supporting the bank's long-term development.

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