Delegates from 57 countries will gather in Beijing to sign an agreement on the Asian Infrastructure Investment Bank (AIIB). The founding members of the China-backed AIIB will sign articles of agreement that decide each member's share and the bank's initial capital. Asian countries are expected to own up to 75 percent of the bank while European and other nations will own the remainder. According to Japanese sources, each Asian member will then be allotted a share of that 75 percent quota based on their economic size. The AIIB will begin with authorized capital of $50 billion, eventually to be raised to $100 billion. China is likely to hold a 25-30 percent stake, while India will be the second-biggest shareholder with a possible 10-15 percent. Germany plans to take a 4.1 percent stake to become the fourth-biggest member after China, India and Russia, while Australia has said it would contribute A$930 million ($719.36 million) over five years to become the institution's sixth largest shareholder. Indonesia will be the eighth-largest shareholder in the AIIB with an investment of $672.1 million over five years. China says it will not hold veto power within the AIIB, unlike the World Bank where the United States holds a limited veto.