SIGNED, DEALED, DELIVERED

Chinese Finance Minister Lou Jiwei signs the agreement for the Asian Infrastructure Investment Bank （AIIB） in Beijing on June 29. Representatives of the 57 prospective AIIB founding countries signed the agreement at the ceremony.

The signing wrapped up six months of negotiations and paved the way for establishing the Beijingheadquartered bank before the end of this year. The 60-article agreement specifies each members share and role in the AIIB as well as the banks governance structure and policy-making mechanism.

The bank will have an authorized capital of $100 billion， with China contributing $29.78 billion and owning 26.06 percent of the votes， according to the agreement. India and Russia are the second and third largest shareholders， respectively.

China proposed establishment of the bank in 2013 to boost Asias infrastructure improvement， interconnectivity and regional cooperation.