Which was the first multilateral financial institution initiated by China?

The first multilateral financial institution initiated by China was the Asian Infrastructure Investment Bank.

Asian Infrastructure Investment Bank (AIIB) is an intergovernmental multilateral development institution in Asia. Focusing on supporting infrastructure construction, it aims to promote the process of interconnection and economic integration in Asia and strengthen cooperation between China and other Asian countries and regions. It is the first multilateral financial institution initiated by China, headquartered in Beijing, with a legal capital of 654.38+000 billion US dollars.

Its main function is to promote public and private capital investment in regional development, especially in infrastructure and other production fields. Use its disposable funds to provide financing support for the development of the region, including projects and plans that can most effectively support the harmonious development of the overall economy of the region, and pay special attention to the needs of underdeveloped members in the region. Encourage private capital to participate in projects, enterprises and activities conducive to regional economic development, especially the development of infrastructure and other production fields, and supplement private investment when private capital financing cannot be obtained on reasonable terms. Other activities and services provided to strengthen these functions.

AIIB is an important product of China's 40 years of reform and opening up. China creatively proposed to combine the experience of other countries with his own specific practice to establish AIIB, with the aim of helping other low-income countries in the world to develop.

In order to promote the process of interconnection and economic integration in the region, China proposes to build an Asian infrastructure investment bank and is willing to provide financial support for infrastructure construction in developing countries including ASEAN countries in the region.

2065438+On September 23rd, 2006, the foundation laying ceremony for the headquarters of the Asian Infrastructure Investment Bank was held in the central area of Beijing Olympic Park. The groundbreaking ceremony for the headquarters building of Asian Infrastructure Investment Bank (hereinafter referred to as "AIIB") was held in the central area of Beijing Olympic Park, marking the official establishment of AIIB headquarters in Beijing. Entrusted by the Beijing Municipal Government, Beijing Xinao Group Co., Ltd. is responsible for the investment and construction of the project, as well as the operation and management after the completion of the building. Finance Minister Lou Jiwei, Beijing Mayor Wang Anshun and AIIB President Jin Liqun attended the groundbreaking ceremony. Chen Gang, member of the Standing Committee of the Municipal Party Committee and vice mayor, presided over the groundbreaking ceremony.