Source: Xinhua    Published: 2015-10-27

China and Denmark signed an agreement over the latter`s participation in the Asian Infrastructure Investment Bank (AIIB) in Beijing on Tuesday.

Chinese Foreign Minister Wang Yi and his Danish counterpart Kristian Jensen witnessed the signing in Beijing.

China appreciates Denmark`s joining the AIIB, Wang said.

The China-initiated AIIB is a multilateral development institution tasked with financing infrastructure construction across Asia. The 60-article agreement outlines the financial share of each member, policy making, business and operational systems, and governance structure.

After signing the agreement, all of the 57 members must get the green light from their legislatures by Dec. 31, 2016, before becoming founding members of the bank.

Wang said China hopes to promote relations with the European Union and strengthen exchanges and cooperation with Denmark on global and regional issues.

Jensen said Denmark is ready to participate in the Belt and Road Initiative, support the AIIB`s operation and cooperate with China on other international affairs.

Denmark will abide by the one-China policy, maintain bilateral high-level visits, and support the partnership between China and the EU, he vowed.

On Monday, Chinese State Councilor Yang Jiechi met with Jensen, who is on an official China visit from Sunday to Tuesday.