The China-initiated Asian Infrastructure Investment Bank took a historic step forward on Monday with the signing of a framework for the current 57-member institution.
The AIIB, which was proposed by Xi in October 2013, is the first major multilateral lender with developing countries holding the majority of the shares and votes.
The bank will have authorized capital of $100 billion. China has a 30.34 percent stake in it and 26.06 percent of the votes, according to the agreement.
