Since the 1980s, Western countries have advocated free-market-oriented economic reform policies. When assisting, lending or investing in developing countries, additional requests often come along, such as implementing a “Structural Adjustment Program” or human rights clause. Evidence shows that the United States, using its veto power at the World Bank, imposes economic sanctions on countries that differ from its interests or ideologies, as the World Bank serves as its tool for ideology penetration, regulation, and institutions in its subordinate countries. Relatively speaking, the political and economic development model of China is more welcomed by developing countries. In 2013, China proposed the Asian Infrastructure Investment Bank (AIIB) to support infrastructure financing needs in the Asian region, which was highly concerned by the international community. In the field of international relations, the research on the World Bank and the AIIB mostly focused on their decision-making systems, and less on the study of the similarities and differences between the two, through the perspectives of hegemonic stability theory and cultural hegemony. Therefore, this study explores whether the AIIB, like the World Bank, actually serves a hegemonic country that controls the economy and culture of subordinate countries and maintains its hegemonic position. China's voting power have accounted for more than a quarter of all voting power, making it highly likely that it has a veto on the AIIB resolution since the establishment of the AIIB. United States has a similar veto power in the World Bank as well. Therefore, China and the United States can use these powers in international financial organizations to force countries with conflicts of interest to follow their ideology and norms in exchange for loan assistance. The results show that although the AIIB established its purpose to assist infrastructure development in developing countries, it is actually used by hegemonic countries to control the subordinate countries' ideology.