The Asian Infrastructure Investment Bank plans to open a Hong Kong office while exploring digital payment and tokenised settlement technologies.
Key facts
- •The AIIB is exploring the application of tokenised payments and digital settlement systems in its treasury operations.
- •The bank plans to open a new office in Hong Kong before the end of the year.
- •The AIIB is targeting a record US$11 billion in fundraising for the current year.
- •The bank previously raised US$10 billion in each of the past two years.
- •The Hong Kong location will be the bank's second office outside mainland China.
The Beijing-based Asian Infrastructure Investment Bank (AIIB) is planning to open a new hub in Hong Kong by the end of the year. The institution is also exploring the use of digital payments and tokenised settlement systems to modernize its treasury operations.
By the numbers
Expanding digital finance capabilities
Domenico Nardelli, the AIIB’s treasurer and acting chief financial officer, stated that the bank is investigating how emerging financial technologies can be applied to its treasury space. The move is intended to tap into Hong Kong’s digital finance ecosystem, providing the bank with better access to regional clients and global liquidity pools.
Record fundraising targets
The bank is currently scaling its global fundraising capacity. After raising the equivalent of US$10 billion in each of the last two years, the AIIB has set a target of US$11 billion for the current year. The upcoming Hong Kong office will be the bank's second location outside of mainland China, following the opening of an Abu Dhabi hub two years ago.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by SCMP Business.
