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The fund, which is targeting roughly double that amount, will have a dual-currency structure of Chinese renminbi and US dollars.
China is trailing behind its neighbour in infrastructure projects across the region by $66 billion, notwithstanding Beijing's Belt and Road Initiative.
direct road straight
Nicola Palmer and Michael Allen of Arcus Infrastructure Partners explain how decarbonisation, demographic shifts and technology are creating new opportunities for transport infrastructure.
Aerial View of City Network of Beijing Skyline
As criticism against the initiative grows around the globe, the Beijing-based multilateral offers clues on how to move forward.
Moody´s warns about the lack of transparency and the possible impact of a debt burden on member countries.
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