China says Taiwan is welcome to apply to join the Asian Infrastructure Investment Bank (AIIB) so long as it uses an appropriate name, state news agency Xinhua reported on Wednesday.

China’s Taiwan Affairs Office has received Taiwan’s letter of intent to join and has passed it to the AIIB’s interim secretariat, Xinhua cited Taiwan Affairs Office spokesman Ma Xiaoguang as saying.

However it is a member of the Asian Development Bank under the name of Taipei,China.

The U.S. has urged countries to think twice about joining the AIIB until it could show sufficient standards of governance and environmental and social safeguards.

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