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The government of China's Hong Kong Special Administrative1 Region (HKSAR) said Tuesday that Hong Kong has become a new member of the Asian Infrastructure2 Investment Bank (AIIB).
香港特别行政区政府周二表示,香港正式成为亚洲基础设施投资银行成员。
The Finance Committee of the Legislative3 Council approved on May 12, the funding for subscription4 of 7,651 shares of the AIIB's capital, including 1,530 paid-in shares that are amounting to about 1.2 billion Hong Kong dollars (153.9 million U.S. dollars) and payable5 over five years, and 6,121 callable shares. Having completed the subsequent legal procedures, Hong Kong was admitted as a new member of the AIIB, the HKSAR government said.
Financial Secretary of the HKSAR government Paul Chan said that "the early completion of our accession process demonstrates Hong Kong's readiness to support the operation of the AIIB."
"As the leading international financial center, Hong Kong has a sophisticated, robust6 and highly liquid financial market, and an abundance of top professionals with global experience, coupled with the unique advantage of 'one country, two systems'," Chan said, adding that Hong Kong is "well placed to help the AIIB to raise funds to finance various infrastructure projects."
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