China has nominated Zou Jiayi, a former vice-minister of finance, as its candidate for the next president of the Asian Infrastructure Investment Bank (AIIB), the China-headquartered development bank with investments worth tens of billions of dollars.
Zou is expected to replace outgoing founding president Jin Liqun, who will step down after finishing his second five-year term on January 15, 2026.
The AIIB confirmed that nominations would remain open until April 30 and that it expected an election for the next president to take place at the tenth annual meeting of its board of governors in late June in Beijing.
But Zou is the clear favourite to be elected given that China has the largest voting share in the multilateral development finance organisation.
The 61-year-old Zou, a native of eastern China’s Jiangsu province, is currently deputy secretary general of the Chinese People’s Political Consultative Conference, the country’s top political advisory body. She is also among the few female members of the Communist Party’s 20th Central Committee, a major decision-making body in China.
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