No plans to retain AIIB veto power, expert says

Insider insists Beijing will not deliberately pursue the right

China does not plan to hold onto its veto power over major decisions within the Asian Infrastructure Investment Bank, according to an expert who has been briefed on the final details of its articles of association.

The articles are expected to be formally signed on Monday, the Chinese Foreign Ministry confirmed on Thursday. The AIIB should be operational by the end of the year.