Xi urged them to deepen cooperation in fields such as innovation and the digital economy and create more quality projects, and to help the countries improve their business environment by continuing to advise their various government departments.

He underscored the importance to balance economic profits with social responsibilities and pay attention to the people's well-being.

Cooperation should be strengthened in building high-quality, sustainable, inclusive and accessible infrastructure, Xi said, adding that green technologies should also be explored and promoted.

He also urged the New Development Bank to prepare for membership expansion.

In their respective remarks, leaders of other BRICS countries all affirmed the work of the two institutions and urged them to strengthen the capabilities of the BRICS countries as well as the emerging markets and developing countries at large to finance infrastructure and sustainable development projects.