India To Be Second Largest Shareholder in China's AIIB with 10.40% Share - Likely To Get VP's Post

[Chanakya's_Chant]

China, India, Russia to be top 3 shareholders of AIIB: Report

China is likely to have a 30.85 per cent share in the bank, followed by India with 10.4 per cent, the daily quoted media reports as saying.​

BEIJING: China will be the largest shareholder in the newly floated Asia Infrastructure Investment Bank (AIIB) with a 30.85 per cent stake followed by India and Russia, Chinese officials have said.

"Based on the AIIB members' GDP weight in the world economy, China will become the bank's largest shareholder, followed by India and Russia," Chen Fengying, a research fellow at the China Institutes of Contemporary International Relations, told state-run Global Times.

China is likely to have a 30.85 per cent share in the bank, followed by India with 10.4 per cent, the daily quoted media reports as saying.

"Whether measured by nominal GDP or the purchasing power parity-adjusted GDP, it makes sense for China to be the biggest capital contributor and the most influential decision maker among all the Asian members," Ma Tieying, an economist with Singapore-based DBS Bank, told the Global Times.

Based on the GDP and Purchasing Power Parity, ( PPP) China was expected to get the post of President followed by India as one of the Vice Presidents.

German Ambassador to China Michael Clauss said Germany will have a director on the board of the AIIB.

Clauss said that Germany was in favour of a board of directors that represented the regions joining the Beijing-led bank and had the power to approve projects.

He said China would be an influential player in the bank, as was the United States in the World Bank or the International Monetary Fund, but he added that the bank would be operated in accordance with international procedures, including the requirement of a super qualified majority for voting to approve critical projects.

"For us, it is important that the standards do not differ too much from those adopted by the IMF, World Bank and the Asian Development Bank. Our feeling is that Beijing does respect that it has to adhere to international standards and procedures," he was quoted as saying by the Hong Kong based South China Morning Post.

Founding members of the bank will initially pay up to one-fifth of its USD 50 billion authorised capital, which will be raised to USD 100 billion.

A total of 57 countries have joined AIIB as founding members, including 37 from Asia, which is set to mainly finance major infrastructure projects in Asia, Shi Yaobin, China's vice finance minister has said earlier.

An agreement on the structure of the bank will be signed before the end of June, he said.

Meanwhile, the chief negotiators of the 57 prospective founding members held their fifth meeting in Singapore to finalise the Bank's structure.

Source(s):- China, India, Russia to be top 3 shareholders of AIIB: Report - The Economic Times
Indian likely to get VP's post in China floated AIIB - timesofindia-economictimes

 

[Viva India]

Hope AIIB complements BRICS Bank.

 

[NKVD]

Great More and more Involvement of the Big Three will be Beneficial to Asia.Hope oneday we see Asian-Union Like EU

 

[Guynextdoor2]

Complete waste of money

 

[damiendehorn]

Great More and more Involvement of the Big Three will be Beneficial to Asia.Hope oneday we see Asian-Union Like EU

ASEAN? That looks like one that's gearing towards being similar to the EU.

 

[PatriotLover]

This new Indo-China economic partnership is going to bite us in the future. A Indian Chinese partnership is not good for our interests.

 

[Abhitej]

This new Indo-China economic partnership is going to bite us in the future. A Indian Chinese partnership is not good for our interests.

Nothing in going to progress between India & China.

 

[PatriotLover]

Nothing in going to progress between India & China.

I have seen this new trend of Chinese and Indian posters trying to calm Pakistanis buy saying dont worry Pakistan. Surprising.

 

[Chanakya's_Chant]

Complete waste of money

I said what I said not to calm Pakis. I said it because India & China are enemies and you dont do business with enemies. Modi is new PM. He will know in few days that doing business with China is bad for India.

Considering the fact that India has a bitter experience in terms of in management structure and control in IMF and World Bank - BRICS's NDB (which was conceived by India itself) and AIIB seem to be worthy to engage in.

For example, consider that U.S. votes on the IMF executive board outnumber those of India by about 9 to 1 and at the World Bank by about 6 to 1, and the President of the World Bank is always an American citizen. The Obama Administration and members of the G-20 recognized this problem in 2010 and this recognition led to agreement among all members of the IMF and World Bank to a series of reforms but then the Congress of the United States has blocked the reforms for fear of dilution of American authority, and they remain unimplemented.

The Asian Development Bank estimates that Asia will need to invest about $800 billion a year on infrastructure through 2020. The estimated India’s share of that needed investment at about $200 billion a year. In this year’s budget, the government increased central government and state-owned enterprises infrastructure investment to about $40 billion and set up a National Investment and Infrastructure Fund for another $3.3 billion. While there will be some contributions from the states, the gap in infrastructure funding will have to come from other financing sources. Private funds can be leveraged by public funds through public-private partnerships but still Indian public sources at present levels will not be sufficient to obtain the needed private funds. In short, India needs outside help to fill its gap in infrastructure financing.

 

[$@rJen]

I said what I said not to calm Pakis. I said it because India & China are enemies and you dont do business with enemies. Modi is new PM. He will know in few days that doing business with China is bad for India.

India and China are doing business for a long time now. in 2012 our trade with china was 73 billion and was expected to cross 100 billion by 2015. Even US and Russia do bussiness with each other man

 

[navtrek]

I said what I said not to calm Pakis. I said it because India & China are enemies and you dont do business with enemies. Modi is new PM. He will know in few days that doing business with China is bad for India.

dude from where do you guys crop up. Pls read about the India China border dispute and understand before making such bold statements.

Both India and China made mistakes in 1962 but India's share of the mistake was the highest. so chill the Chinese were never our enemies we are our own enemies.

 

[Guynextdoor2]

Considering the fact that India has a bitter experience in terms of in management structure and control in IMF and World Bank - BRICS's NDB (which was concvied by India itself) and AIIB seem to be worthy to engage in.

For example, consider that U.S. votes on the IMF executive board outnumber those of India by about 9 to 1 and at the World Bank by about 6 to 1, and the President of the World Bank is always an American citizen. The Obama Administration and members of the G-20 recognized this problem in 2010 and this recognition led to agreement among all members of the IMF and World Bank to a series of reforms but then the Congress of the United States has blocked the reforms for fear of dilution of American authority, and they remain unimplemented.

The Asian Development Bank estimates that Asia will need to invest about $800 billion a year on infrastructure through 2020. The estimated India’s share of that needed investment at about $200 billion a year. In this year’s budget, the government increased central government and state-owned enterprises infrastructure investment to about $40 billion and set up a National Investment and Infrastructure Fund for another $3.3 billion. While there will be some contributions from the states, the gap in infrastructure funding will have to come from other financing sources. Private funds can be leveraged by public funds through public-private partnerships but still Indian public sources at present levels will not be sufficient to obtain the needed private funds. In short, India needs outside help to fill its gap in infrastructure financing.

That is not the point, anything that starts with crude politics at the core will fail. Like the ADB- who cares?

 

[Brickwall]

Pakistan needs to chill, AIIB is only financial institution not military pact.Also India -China trust deficit is so high it will take decades of some serious strategic alignment.

 

[NKVD]

Pakistan needs to chill, AIIB is only financial institution not military pact.Also India -China trust deficit is so high it will take decades of some serious strategic alignment.

Its exaggeration trust deficit is still that much high

 

[Optimos Prime IA]

I have seen this new trend of Chinese and Indian posters trying to calm Pakistanis buy saying dont worry Pakistan. Surprising.

Calm down .Nothing to worry .Don't worry ..

Its exaggeration trust deficit is still that much high

Better we ban all Chinese goods to India .Just to make Pakistan happy . For that Pakistan should import from India ...

Deal or no deal ?