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Finance

AIIB adds members, approves new lending at annual meeting

Chinese-led bank continues to play it safe with syndicated loans in second year

AIIB President Jin Liqun described the infrastructure bank as a transparent, open institution.

JEJU, South Korea/BEIJING -- The Chinese-led Asian Infrastructure Investment Bank admitted three new members Friday at the institution's second annual meeting, lifting its roster to 80 even as the bank continues its cautious approach in deploying its capital.

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