Jin Liqun: China's helmsman to establish AIIB

Jin Liqun, chairman of the China International Capital Corp., has been appointed to head China’s Asian Infrastructure Investment Bank. Photo by: Michael Wuertenberg / World Economic Forum / CC BY-NC-SA

When Chinese President Xi Jinping announced in October 2013 his country’s plans to establish another multilateral development bank called the Asian Infrastructure Investment Bank, reactions were mixed.

Some stakeholders welcomed the idea, mainly as a way to fund Asia-Pacific’s huge infrastructure investment needs, but others have serious doubts over the Chinese government’s capacity to actually establish — not to mention operate — such an institution.