China does not have a majority vote in AIIB

Mr Matthew Ong Koon Lock has asked some very relevant questions pertaining to governance of the Asian Infrastructure Investment Bank ("Caution needed in approaching AIIB"; July 21).

These questions would surely have been addressed as part of the due diligence by developed countries that decided to sign up.

To be fair, perhaps we ought to also field the same questions to other organisations such as the World Bank, International Monetary Fund and the Asian Development Bank, which are dominated by the Western powers and Japan.

There is a need to try to understand the concept of the AIIB and its governance process. China may have a bigger say but does not have a majority vote.

Christopher Tang