Recruitment of BRICS Development Bank

According to the agreement, five banks, including China National Development Bank, Brazil Development Bank, Russian Bank for Development and Foreign Economic Activities, Indian Export-Import Bank and South African Development Bank, will promote cooperation in various aspects: steadily expand the scale of local currency settlement and loan business to serve the changes in trade and investment among BRICS countries; Actively carry out project cooperation; Strengthen the investment and financing cooperation of BRICS countries in the fields of resources, high technology, low carbon and environmental protection; Actively carry out capital market cooperation, including issuing bonds and listing enterprises; Further promote the information exchange of member banks in the economic and financial situation and project financing. The framework agreement is of positive significance for deepening financial cooperation and is conducive to establishing a more open financial cooperation system. It is of great help to people's lives.