BEIJING, June 24 (Xinhua) -- Zou Jiayi has been elected as the next president of the Asian Infrastructure Investment Bank (AIIB), the bank announced in Beijing on Tuesday.

Zou's five-year term will begin Jan. 16, 2026, the day after founding President Jin Liqun concludes his second five-year term.

The election result was announced by the chair of AIIB's Board of Governors during the 10th Annual Meeting of the Board of Governors.

Zou is an experienced leader with over three decades of experience in global financial policy, according to the bank's official website. As the former Chinese vice minister of finance, she has been instrumental in China's engagement with major international financial institutions. Her experience spans organizations such as the World Bank Group, the Asian Development Bank and the New Development Bank.

The AIIB is a multilateral development bank dedicated to financing "infrastructure for tomorrow," with sustainability at its core. Having started operations in 2016, the AIIB now has 110 approved members worldwide. Enditem