Countries sign agreement on AIIB

Xi: Members will work to ensure professionalism and transparency

The China-initiated Asian Infrastructure Investment Bank took a historic step forward on Monday with the signing of a framework for the current 57-member institution.

"The signing of the document reveals the commitment of the parties involved in the founding of the AIIB, ... and China will work with the other members to ensure the AIIB adheres to the highest standards in professionalism, efficiency and transparency," President Xi Jinping told representatives of the founding countries who gathered in Beijing to sign the agreement.