Beijing holds sway

China solidifies top AIIB share, influence as capital doubles

© Reuters

MASAHIRO OKOSHI and TOMOMI KIKUCHI, Nikkei staff writers

BEIJING/SINGAPORE -- China is set to emerge as the biggest shareholder in its proposed Asian Infrastructure Investment Bank, contributing nearly 30% of the lender's $100 billion in capital and holding a powerful influence on its management. The 57 founding countries agree on a draft of the bank'...