China-backed Asian Infrastructure Investment Bank (AIIB) expects to have 85 members by the end of this year, its president Jin Liqun said on Sunday.

“Now we have 77 members. By the end of this year, we expect to have about 85 members, including Hong Kong SAR,” Jin said at the Belt and Road Forum in Beijing.

On Saturday, AIIB said its board of governors had adopted resolutions approving seven applicants to join the bank, bringing the bank’s total approved membership to 77.

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