Asian Infrastructure Investment Bank (AIIB)

AIIB begun operations in 2016 and has grown to 110 approved member countries including China, which controls the lender.

The initial target portfolio will comprise approximately 12 to 15 VC funds.

The KDC Fund II will focus on making strategic investments in the fast-growing data centre sector in Asia Pacific and Europe.

Discussions are already underway in Washington about the prospect of a digital dollar to maintain the greenback's hegemonic position.

Southeast Asian states do not want to pick sides, but firms are not quitting China just yet.

SINGAPORE (July 12): The China-backed Asian Infrastructure Investment Bank (AIIB) is partnering Aberdeen Standard Investments (ASI) to develop debt capital markets for infrastructure in a sustainable way.

(June 19): The Asian Infrastructure Investment Bank (AIIB) pledged to embark on more projects as the sole lender, as it boosts its membership and manages an investment pipeline of up to US$7 billion ($9.7 billion).

SINGAPORE (March 23): The China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday it has approved 13 new applicants to join the bank, including Canada, a major ally of the United States, bringing its total membership to 70.