The Beijing-headquartered Asian Infrastructure Funding Financial institution will open an workplace in Hong Kong to boost the multilateral growth lender’s fundraising energy and broaden its world presence, the Publish has realized from sources accustomed to the matter.
The brand new workplace would come as a publicity victory for Hong Kong as town redoubles its efforts to consolidate its standing as a world monetary centre.
Negotiations with the Hong Kong authorities are ongoing and the ultimate resolution is anticipated within the second half of this yr, one supply mentioned, including that the financial institution hopes to start operations quickly after approval.
The workplace will deal with “funding for AIIB and operational investments with Hong Kong-based establishments”, the supply mentioned.
The Hong Kong satellite tv for pc will likely be primarily concerned in treasury actions, one other supply mentioned.
