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Finance

AIIB to host meeting in South Korea's Jeju island

Beijing, Seoul set aside tensions, as speculation mounts over Xi's attendance

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President of Asian Infrastructure Investment Bank Jin Liqun speaks at a news conference in Beijing in January 2016.   © Reuters

SEOUL -- The Asian Infrastructure Investment Bank will host its second annual meeting in the South Korean resort island Jeju over the weekend, as the Beijing-led organization seeks to expand its role and leadership beyond China.

About 2,500 participants from 77 member countries will discuss the direction of AIIB, a multinational development bank, under the theme of sustainable infrastructure, South Korea's finance ministry said. The list includes Chinese Minister of Finance Xiao Jie, Indian Finance Minister Arun Jaitley as well as Sri Mulyani Indrawati, their Indonesian counterpart.

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