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AIIB names Chinese Communist Party Central Committee member as president

Finance Zou Jiayi takes over Beijing-based lender from internationalist Jin Liqun Zou Jiayi, a member of the Chinese Communist Party Central Committee and a deputy secretary-general of the Chinese People's Political Consultative Conference, or CPPCC, was chosen as the next president of the AIIB. © Reuters KENJI KAWASE TOKYO -- The Asian Infrastructure Investment Bank, a multilateral development lender established under the initiative of China, selected Zou Jiayi as its new president at its annual meeting in Beijing on Tuesday. Zou, who was nominated by the Chinese government, is currently a member of the Chinese Communist Party Central Committee, and a deputy secretary-general of the Chinese People's Political Consultative Conference, or CPPCC, the country's top political advisory body.