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☆ Asian Infrastructure Investment Bank president: People shouldn't exaggerate geopolitical tensions
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsian Infrastructure Investment Bank president: People shouldn't exaggerate geopolitical tensionsJin Liqun, president of the bank, discusses the projects it has co-financed with the World Bank and the Asian Development Bank.

Persons: Jin Liqun Organizations: Infrastructure Investment Bank, World Bank, Asian Development Bank

☆ Private sector collaboration is essential in the energy transition, says AIIB President
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate sector collaboration is essential in the energy transition, says AIIB PresidentThe private sector will be essential in tackling the climate crisis, according to AIIB CEO Jin Liqun. Liqun emphasised the need to attract private investment while also maintaining good dialogue with national governments.

Persons: Jin Liqun, Liqun

☆ China's Alibaba shakes up cloud unit management after scrapping the division's IPO
▼ + stars: | 2023-11-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Alibaba will put a bigger emphasis on three business units within the cloud space — public cloud, hybrid cloud and cloud infrastructure. Weiguang Liu will lead the public cloud division, a person familiar with the matter who was not authorized to speak publicly on it told CNBC, while Jin Li will lead the hybrid cloud unit. Daniel Zhang stepped down from the CEO role in September, then quit as the head of the cloud business weeks later. "The cloud intelligence group will resolutely implement a strategy of driving growth with AI and of prioritizing public cloud. "In the future, incremental demand for cloud computing will be driven by demand for AI, and most AI computing will run in the cloud."

Persons: Alibaba, Weiguang Liu, Jin Li, Eddie Wu, Jiangwei Jiang, Jingren Zhou, Daniel Zhang, Wu Organizations: CNBC Locations: China

☆ Creativity needed to fund climate transition, AIIB president says
▼ + stars: | 2023-06-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCreativity needed to fund climate transition, AIIB president saysJin Liqun, president of the Asian Infrastructure Investment Bank, says a coordinated approach to climate funding is needed amid challenging economic conditions.

Persons: Jin Liqun Organizations: Asian Infrastructure Investment Bank

☆ China’s world banks are geopolitical victims
▼ + stars: | 2023-06-15 | by ( Una Galani | ) www.reuters.com time to read: +4 min

MUMBAI, June 15 (Reuters Breakingviews) - China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Fairly or not, critics have lambasted China’s lending practices along the BRI as “debt trap diplomacy”. Whereas the smaller AIIB did things more the way developed countries wanted, even taking positions at odds with Beijing’s. Pickard alleged on Twitter that AIIB was an instrument of China, dominated by Communist party members who “operate like a secret police”. The AIIB said the comments by Pickard, who had served in his role since March 2022, were “baseless and disappointing”.

Persons: Bank ”, Bob Pickard, Jin Liqun, Pickard, AIIB, Chrystia Freeland, Pete Sweeney, Thomas Shum Organizations: Reuters, Bank, Infrastructure Investment Bank, Twitter, Communist Party, World Bank, Initiative, Beijing, International Monetary Fund, New Development Bank, Canadian, Communist, Department of Finance, Finance, Thomson Locations: MUMBAI, Canada, Beijing, India, France, Asia, Africa, Latin America, Argentina, Pakistan, Russia, Ukraine, China, Ottawa, Shanghai, Saudi Arabia

☆ AIIB: Canada freezes ties after Bob Pickard's allegations that bank is 'dominated by' Chinese Communist Party
▼ + stars: | 2023-06-15 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

The allegations were made by Bob Pickard, a Canadian citizen who resigned as global head of communications for the Asian Infrastructure Investment Bank (AIIB) earlier this week. But the United Kingdom was first to break ranks, announcing in 2015 that it would apply for membership. Despite initially being seen as a rival to the World Bank, the two institutions have since partnered together, providing joint financing for dozens of projects. In March, AIIB President Jin Liqun met with new World Bank President Ajay Banga in Beijing to discuss deepening ties. Overall, the organization has disclosed $100 billion in capital, with sizable commitments from the United Kingdom, France and Germany and others.

Persons: Bob Pickard, Chrystia Freeland, Pickard, ”, ” Pickard, Xi Jinping, Freeland, “, That’s, Pickard “, China “, Jin Liqun, Ajay Banga Organizations: Hong Kong CNN —, World Bank, Chinese Communist Party, Asian Infrastructure Investment Bank, Canadian, Canadian Finance, Twitter, Communist Party, Asian Development Bank, China Canada, AIIB Locations: Hong Kong, Hong Kong CNN — Canada, Beijing, Canadian, China, United Kingdom, France, Germany, Ottawa, Washington ,, Japan, United States, Canada, Taiwan, Washington

BOAO, China, March 31 (Reuters) - The Asian Infrastructure Investment Bank (AIIB) will stick to its mandate as an apolitical multilateral lender and won't get dragged into political disputes, even as multilateralism is severely tested, its president, Jin Liqun, said on Friday. "But on the other hand, we need to protect the bank in terms of its credit worthiness," he added. As of November, the AIIB had financed 194 projects totalling $37 billion, up from $29 billion in October 2021, according to S&P Global Ratings. "We now have projects in Rwanda, Ecuador, we have projects in central and eastern European countries," he said. Reporting by Joe Cash in Boao Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Our infrastructure investments include health and digital sector: AIIB
▼ + stars: | 2023-03-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur infrastructure investments include health and digital sector: AIIBJin Liqun of the bank says infrastructure involves more than "traditional roads, railways, airports, seaports."

☆ Can the U.S. See the Truth About China?
▼ + stars: | 2023-03-27 | by ( David Marchese | ) www.nytimes.com time to read: +14 min

Photo illustration by Bráulio Amado Talk Can the U.S. See the Truth About China? To see China solely as trying to displace the United States is only going to stoke more fears. The Chinese people believe that a substantially weakened Russia might not be in the interest of China, because if there were the sense that the United States needed to seek out an opponent, China would be next. And then also, the United States thinks that China wants to displace it. The industrial espionage stems from a lack of appreciation from the start of intellectual property, and the United States, by pushing China to do more intellectual-property protection, is actually good for China.

“All of the members are committed to net zero, particularly many developing countries who certainly have a lot of issues to deal with. But all of them are committed,” Asian Infrastructure Investment Bank (AIIB) President Jin Liqun told CNN’s Becky Anderson in an interview Tuesday at UN climate summit COP27. China is the world’s largest carbon emitter of fossil fuels, but has committed to net zero goals by 2060. He did not mention China’s coal sector, which produces much of the country’s methane emissions, in addition to carbon dioxide emissions. China produces the most methane emissions from coal mines in the world, according to the US Environmental Protection Agency.

☆ Gaffes, controversy overshadow S.Korea's Yoon trips to U.N., London
▼ + stars: | 2022-09-23 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

REUTERS/Amr AlfikySEOUL, Sept 23 (Reuters) - A series of gaffes and controversies is overshadowing South Korean President Yoon Suk-yeol's first major overseas tour, sending his ratings plunging and inviting scathing criticism from some lawmakers even within his own party. This week, Yoon visited London for the funeral of Queen Elizabeth and then New York in his first U.S. trip to attend the U.N. General Assembly, before arriving in Canada on Thursday. His press secretary, Kim Eun-hye, dismissed the accusation, saying Yoon was referring to the South Korean parliament without mentioning Biden. Yoon and Biden had planned informal talks in New York, but ended up having just a 48-second chat at the Global Fund. Yoon's office said that was a "Plan B" due to changes in Biden's schedule, and said they also met in London when Yoon raised the EV subsidies issue.

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