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The finance chiefs also discussed the key points incorporated in the Leaders Declaration that will be unveiled at the end of the 2-day summit in Russia.
China is adding cash to the financial system to keep borrowing costs from climbing as banks hoard funds to meet quarter-end regulatory requirements.
China’s policy makers are seeking to boost the currency’s convertibility and global use.
The EU and the US are also in the midst of long-drawn out negotiations on the Trans-Atlantic Trade and Investment Partnership or TTIP.
Chinese officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash.
On Thursday, the China Securities Regulatory Commission (CSRC) said it will investigate suspected manipulation of the stock market.
The Russian city of Ufa will host the BRICS and SCO Financial Forum on 8 July.
Brazil's Vale is the world's biggest supplier of iron ore.
China Mobile and China Unicom have committed to buy $1.5 billion worth of network equipment from France's Alcatel-Lucent this year.
China has maintained it will not have veto powers at the AIIB, unlike the World Bank where Washington has a limited veto.
