China’s NPC Vice Chairman Zheng Jianbang Attends 12th BRICS Parliamentary Forum in New Delhi

The significance here is less the forum itself than the framing: a senior NPC figure casting BRICS as the Global South's "leading tier" and pushing parliamentary ties as the bloc's institutional backbone. That signals Beijing's preference for building durable, legislator-level channels alongside the diplomatic track, which matters for how BRICS cohesion is formalized over time. For RWA and crypto markets, the read-through is indirect — parliamentary cooperation is the kind of groundwork that can later shape cross-border data, payments and standards discussions. Whether such legislative engagement translates into concrete coordination is the open question.