Consider the following statements:<br/>1. New Development Bank has been set up by APEC.<br/>2. The headquarters of New Development Bank is in Shanghai.<br/><br/>Which of the statements given above is/are correct?

1. Statement 1: Incorrect. The New Development Bank (NDB) was set up by the BRICS countries (Brazil, Russia, India, China, South Africa), not by APEC.
2. Statement 2: Correct. The headquarters of NDB is in Shanghai, China.

Therefore, only statement 2 is correct.