www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

China's top legislature ratifies BRICS bank agreement

(Xinhua) Updated: 2015-07-02 13:07

BEIJING - China's top legislature ratified an agreement on the founding of BRICS New Development Bank (NDB), which will fund infrastructure projects in the bloc and other developing economies, on Wednesday.

The approval was given at the bimonthly-session of the National People's Congress Standing Committee, which runs until July 1.

The agreement was signed by the bloc's five members -- Brazil, Russia, India, China and South Africa -- on July 15 last year during the sixth BRICS summit.

It will enter into force only when all BRICS countries have submitted documents of acceptance, ratification or approval.

The Shanghai-based NDB will have initial authorized capital of $100 billion, and its initial subscribed capital of $50 billion will be equally shared among the founding members.

It will have a three-tier governance structure -- a board of governors, a board of directors, a president and vice presidents.

As agreed by the five countries, the first chair of the board of governors will be nominated by Russia, the first chair of the board of directors by Brazil, and the first president by India.

They also agreed to set up a NDB African regional center in South Africa.

The board of governors is expected to hold the first meeting on July 7 in Russia to appoint members of the board of directors and the management led by the president, according to the Ministry of Finance.

Rules regarding procedures will be made and the bank's five-year development strategy discussed at the meeting.

The inaugural management team will take their posts in Shanghai in middle July, according to the ministry.

The NDB is expected to launch late this year or early next year.

The bank's establishment will be an important achievement for financial cooperation among BRICS members, said Finance Minister Lou Jiwei.

It will promote infrastructure construction and sustainable development of the emerging and developing economies, he said.

The bank also helps promote reform of global economic governance, he said.

Once the agreement is approved by the NPC Standing Committee, the Chinese government will provide $10 billion on time as prescribed, Shi said while elaborating on the deal at the NPC Standing Committee session on June 24.

For the time being, the agreement will not apply to Hong Kong Special Administrative Region, according to the top legislature's decision.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 久草在线手机 | 成人a站 | 99久久国产综合精品1尤物 | 成人影院午夜久久影院 | 成人三级网址 | 日韩一级片在线免费观看 | 亚洲精品自产拍在线观看 | 欧美色爱综合 | 欧美在线观看一区 | 国产精品亚洲成在人线 | 色综合久久88色综合天天小说 | 国产日韩在线观看视频 | 成人毛片在线 | 新版天堂中文资源官网 | 日韩在线视频中文字幕 | 日韩毛片欧美一级国产毛片 | 一区二区三区日韩 | 香蕉网影院在线观看免费 | 99久久综合给久久精品 | 国产精品亚洲专区在线播放 | 天海翼精品久久中文字幕 | 国产成 人 综合 亚洲绿色 | 国产网站在线看 | 韩国毛片免费播放 | 国产女人自拍 | 亚洲综合一 | 亚洲国产欧美在线人成精品一区二区 | 上海一级毛片 | 久久999视频 | 第一色区| 午夜三级在线 | 国产成人丝袜视频在线视频 | 欧美特黄视频在线观看 | 国产日韩精品一区二区 | 国产免费亚洲 | 国产成人高清视频在线观看免费97 | 久久久久欧美精品观看 | 色老头一区二区三区在线观看 | 国产精品免费大片一区二区 | 国产三级精品三级国产 | 成人在线观看一区 |