China-Led AIIB Will Have Compliance Unit to Oversee Management

  • Bank says special unit will report directly to the board
  • Xi delivers speech at opening ceremony for China-backed lender

Chinese President Xi Jinping leaves the podium after speaking during the opening ceremony of the Asian Infrastructure Investment Bank in Beijing on Saturday.

Photographer: Mark Schiefelbein/AFP/Getty Images

The $100-billion Asian Infrastructure Investment Bank will have a special compliance-and-integrity unit that will exercise oversight over the management and report directly to the board, according to Jin Liqun, the lender’s president.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.