Asian Infrastructure Investment Bank confirms plan for Hong Kong office next year
Preparatory work is progressing well, the Post has learned from the Beijing-headquartered multilateral development bank
The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has confirmed that it will open a hub office in Hong Kong – a move that will enhance its offshore financing capabilities and the city’s role as a global financial centre.
Preparatory work is in the pipeline and progressing well, the Post has learned from the bank. A formal announcement is expected to be made by AIIB President Jin Liqun, who is scheduled to address Hong Kong FinTech Week on Monday.
“I am pleased to announce that our discussions with the Hong Kong authority on establishing a hub are in the final stage … This hub has the dual function of private sector mobilisation and fundraising from the capital market,” Jin said.
The hub office will serve as an interface for AIIB’s investment and treasury operations, including collaborating with local partners such as banks and funds to originate and deliver infrastructure projects that benefit its 110 members.
The office would also leverage the depth and liquidity of Hong Kong’s capital markets to support its funding and financing activities, the bank said.