Laying foundations for a successful AIIB

The distribution of shares, the rules for governance and the use of capital are the main issues that the Asian Infrastructure Investment Bank must resolve well.

The new bank received applications to be founding members from 56 countries and regions before the March 31 deadline.

China aims to draw up the articles of agreement, which will be the basic rules governing the bank, by the end of June and have the bank operating by the end of this year.