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Jaitley meets top bankers in China, woos investors

Beijing: Finance Minister Arun Jaitley today began his five-day China visit by meeting top Chinese bankers and wealth fund managers pitching for more investments in India’s infrastructure sector.

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Beijing, June 23 

Finance Minister Arun Jaitley today began his five-day China visit by meeting top Chinese bankers and wealth fund managers pitching for more investments in India’s infrastructure sector.

Soon after his arrival in Beijing, Jaitley met Bank of China chairman Tian Guoli and addressed a closed roundtable meeting of heads of sovereign wealth funds, institutional investors and banks.

The Finance Minister will tomorrow address Business Forum Invest in India in which several Chinese businessmen and heads of state-run firms were expected to take part.

On June 25, Jaitley will attend the Board Governors meeting of the Asian Infrastructure Investment Bank (AIIB) in which India is the second largest investor after China. India is the second largest shareholder with 7.5% followed by Russia 5.93% and Germany 4.5%.

In all, 57 countries have joined as founding members of the bank, which is expected to announce the first set of loans in various countries.

On Sunday, he would take part in a seminar discussion  Infrastructure and Global Economic Growth along with Chinese Finance Minister Lou Jiwei, Pierre Egide Gramegna, Minister of Finance, Luxembourg, Imad Najib Fakhoury, Minister of Planning and International Cooperation, Jordan, Jin Liqun, AIIB President, Chris Heathcote, CEO, Global Infrastructure Hub. — PTI

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