The conference also touched upon the China-proposed Belt and Road Initiative and its impact on developing countries.
Jin said the AIIB was created to facilitate the growth of developing countries, largely based on China's experience in the past few decades
The bank was established in 2015 to help developing countries along the Belt and Road routes build their infrastructure and grow their economies.In the first two years since its inception, it has implemented a lending program worth 4.2 billion dollars.
Jin noted that Asia's economic development will offer enormous market opportunities for developed countries, including the United States.
"If Asia develops, and if the rest of Asia develops as China, it means that a huge export market for the U.S. and European countries (will emerge), and direct and indirect benefits will accrue for all the countries in the world," the AIIB president said.
