Trustee and AIIB president discusses Asia and global economy

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17 Feb 2016

The IASB has made available an article that highlights a question and answer session held during the IFRS Foundation and CFA Institute investor event, “Asia and the Balance of Power in the Global Economy.” The Q&A session featured IFRS Foundation Trustee and Asian Infrastructure Investment Bank (AIIB) president, Jin Liqun, as well as Sky News business presenter Ian King.

The article discussed topics which included the Chinese currency, debt in China, the potential co-operation between development banks and private sector, and the impact of the AIIB on capital markets. In addition, the article noted that IFRS are the accounting guidelines used by the AIIB and mentioned Mr Jin's positive thoughts on China's move forward on IFRS adoption. However, when the mention of whether China's move towards IFRS may persuade the US to do the same, Mr Jin replied, "Time will tell."

For more in­for­ma­tion, see the article on the IASB's website.

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