You are here

U.K. seeks to join China-backed Asian infrastructure bank

Section: Daily Dispatches

By Maria Levitov
Bloomberg News
Thursday, March 12, 2015

LONDON -- The U.K. is looking to join China's Asian Infrastructure Investment Bank, becoming the first "major western country" to apply for membership, Chancellor of the Exchequer George Osborne said.

"Joining the AIIB at the founding stage will create an unrivaled opportunity for the U.K. and Asia to invest and grow together," Osborne said in a statement Thursday. The U.K. will hold talks with the China-backed investment bank's founding members later this month, according to the Treasury.

The world's second-largest economy has promoted the creation of the $50 billion Asian regional bank, a potential rival to institutions such as the Asian Development Bank, to help finance construction in the region. The U.S. has stressed that the AIIB needs sound governance and might initially benefit from co-financing projects with established institutions. ...

... For the remainder of the report:


Own Allocated -- and Most Importantly --
Segregated Coins and Bars In Switzerland

Zurich, Switzerland, remains an extremely safe location for storing coins and bars of the monetary metals. If you do not own segregated physical coins and bars that you can visit, inspect, and take delivery of, you are vulnerable. International diversification remains vital to investors.

GoldCore can accomplish this for you.

Read GoldCore's "Essential Guide to Gold Storage In Switzerland" here:

Email the GoldCore team at or call our trading desk:

UK: +44 (0)203 086 9200 -- U.S.: +1-302-635-1160 -- International: +353 (0)1 632 5010

Join GATA here:

Mining Investment Asia Conference
Resorts World Convention Centre
8 Sentosa Gateway, Sentosa Island
Wednesday-Friday, March 18-20, 2015

Mines and Money Conference
Hong Kong Convention and Exhibition Centre
1 Expo Drive, Wan Chai
Hong Kong, China
Monday-Friday, March 23-27, 2015

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: