By Brian Bremner and Miao Han | April 8, 2018 Photographs by Giulia Marchi From Jin Liqun may not be a household name (yet), even though he has one of the most challenging and important jobs in global finance. Jin, 68, is the inaugural president and chairman of the Asian Infrastructure Investment Bank. The AIIB, a Beijing-based multilateral development bank that opened for business in January 2016, is an embodiment of China’s aspirations to play a major role in the international financial system. Because the Chinese government is the bank’s biggest shareholder, policymakers in Washington, Tokyo, and elsewhere question whether China is trying to displace the longtime heavyweights in the field—the World Bank and the Asian Development Bank—and pursue its own geopolitical interests in Asia. Jin insists the AIIB is independent. Like many during Mao Zedong’s Cultural Revolution, Jin spent part of his youth in rural China. A devoted student of English literature, he had a long and distinguished run in the Chinese Ministry of Finance, reaching the rank of vice minister. He’s also done stints at the World Bank and the ADB. BLOOMBERG MARKETS When you’re making the rounds at global finance meetings, what misconceptions about the AIIB drive… Read full this story
- Ajay Banga Era Begins at the World Bank
- India proposes talks on international norms for 'green, clean & low-carbon' hydrogen
- Germany's 'China City' doesn't want you to call it that anymore
- BRICS Is evolving from China-Russia dream to potential U.S. nightmare
- Volodymyr Zelenskyy arrives at G7 summit as world leaders sanction Russia
- Step aside China: This decade belongs to India, says report
- China support to Fiji questioned
- Shades Of Gray, Blue And Green: Future Of (Sustainable) Hydrogen Economy
- A Trade War Against China Might Be a Fight Trump Couldn’t Win
- Anthony Albanese hands $105million of Australian money to Vietnam to help transition to clean energy
China’s Answer to the World Bank Wants Green, Clean Asian Infrastructure have 303 words, post on www.bloomberg.com at April 7, 2018. This is cached page on Bach Thien. If you want remove this page, please contact us.