Finance Minister Arun Jaitley today began his five-day China visit by meeting top Chinese bankers and wealth fund managers pitching for more investments in India's infrastructure sector.<br/><br/>Soon after his arrival in Beijing, Jaitley met Bank of China Chairman Tian Guoli and addressed a closed roundtable meeting of heads of sovereign wealth funds, institutional investors and banks.<br/><br/>The Finance Minister will tomorrow address Business Forum Invest in India in which several Chinese businessmen and heads of state-run firms were expected to take part.<br/><br/>On June 25, Jaitley will attend the Board Governors meeting of the Asian Infrastructure Investment Bank (AIIB) in which India is the second largest investor after China. <br/><br/>The Beijing-based AIIB was officially established late last year. The bank has authorised capital of USD 100 billion. China is the largest shareholder with 26.06 per cent voting shares. India is the second largest shareholder with 7.5 per cent<br/>followed by Russia 5.93 per cent and Germany 4.5 per cent.<br/><br/>In all, 57 countries have joined as founding members of the bank, which is expected to announce the first set of loans in various countries.
News On AIR | June 23, 2016 8:59 PM
FM Arun Jaitley meets top Chinese bankers in China