AIIB to invest more in China

Source: TRIVIUM CHINA

Asia Infrastructure Investment Bank (AIIB) Governor Jin Linqun, recently gave an interesting interview to Caixin.

The worsening global economy creates a more challenging investment environment, according to Jin.

Here’s how the AIIB plans to adapt:

Work priorities will shift from the bank’s own institutional development to more actively managing investments.Funding for projects will increasingly come from the private sector rather than sovereign loans.The destination of investment will shift back to China. In fact, 10% of the bank’s total investment cap will go to China, up from 3%, previously.That last point is sure to raise eyebrows, given widespread suspicion that the AIIB is more of a Chinese institution than a mulitlateral one.

But Jin’s got a solid argument:"The asset quality of China's infrastructure projects is generally better than other developing countries."

"The higher return of Chinese projects will enable the AIIB to do more projects in high-risk countries and achieve greater development results."

"The [AIIB] can accumulate greater industry experience [in China], which will help similar projects to be carried out in other countries."

Our thought: In the early days of the AIIB, Chinese leaders went to great lengths to argue that it won’t become another Beijing piggy bank. This won’t help their cause.

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