http://www.bloomberg.com/news/articles/2015-06-29/china-secures-veto-power-as-members-sign-up-to-100-billion-bank
The AIIB gives China another platform to expand regional influence
and augment its "New Silk Road" trade initiative. China's companies will
get fresh opportunities in countries from Indonesia to Kazakhstan to
counter the impact of slowing growth at home and sluggish demand for
exports in Europe.
Major decisions for which China can exercise veto
power include electing AIIB's president, increasing or decreasing the
authorized capital stock, determining reserves, amending the agreement,
and approving major operational and financial policies. Other matters
will be decided by a simple majority.
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